Elite Material (Taiwan) Price on December 15, 2024
| 2383 Stock | TWD 599.00 26.00 4.54% |
If you're considering investing in Elite Stock, it is important to understand the factors that can impact its price. As of today, the current price of Elite Material stands at 599.00, as last reported on the 15th of December 2024, with the highest price reaching 600.00 and the lowest price hitting 571.00 during the day. Elite Material appears to be very steady, given 3 months investment horizon. Elite Material secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Elite Material Co, which you can use to evaluate the volatility of the firm. Please utilize Elite Material's Coefficient Of Variation of 571.33, mean deviation of 1.9, and Downside Deviation of 2.59 to check if our risk estimates are consistent with your expectations.
Elite Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Elite |
Sharpe Ratio = 0.1632
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 2383 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.47 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.4 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Elite Material is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Elite Material by adding it to a well-diversified portfolio.
Elite Material Valuation on December 15, 2024
It is possible to determine the worth of Elite Material on a given historical date. On December 15, 2024 Elite was worth 573.0 at the beginning of the trading date compared to the closed value of 599.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elite Material stock. Still, in general, we apply an absolute valuation method to find Elite Material's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Elite Material where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elite Material's related companies.
| Open | High | Low | Close | Volume | |
| 573.00 | 600.00 | 571.00 | 599.00 | 10,312,387 | |
12/15/2024 | 573.00 | 600.00 | 571.00 | 599.00 | 0.00 |
| Backtest Elite Material | | | Elite Material History | | | Elite Material Valuation | Previous |
Elite Material Trading Date Momentum on December 15, 2024
| On December 15 2024 Elite Material Co was traded for 599.00 at the closing time. The highest price during the trading period was 600.00 and the lowest recorded bid was listed for 571.00 . There was no trading activity during the period 0.0. Lack of trading volume on December 15, 2024 did not affect price variability. The overall trading delta to the current price is 4.34% . |
Elite Material Fundamentals Correlations and Trends
By evaluating Elite Material's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Elite Material's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elite financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elite Material Stock history
Elite Material investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Elite is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elite Material will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Elite Material stock prices may prove useful in developing a viable investing in Elite Material
Elite Material Co., Ltd. produces and sells laminate materials in Taiwan, Mainland China, and Korea. Elite Material Co., Ltd. was founded in 1992 and is headquartered in Taoyuang, Taiwan. ELITE MATERIAL operates under Contract Manufacturers classification in Taiwan and is traded on Taiwan Stock Exchange.
Elite Material Stock Technical Analysis
Elite Material technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Elite Material Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Elite Material Co cannot be verified against its exchange. Please verify the symbol is currently traded on Taiwan Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Elite Material December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Elite Material stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elite Material shares will generate the highest return on investment. By undertsting and applying Elite Material stock market strength indicators, traders can identify Elite Material Co entry and exit signals to maximize returns
Elite Material Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elite Material's price direction in advance. Along with the technical and fundamental analysis of Elite Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elite to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1341 | |||
| Jensen Alpha | 0.4514 | |||
| Total Risk Alpha | 0.1193 | |||
| Sortino Ratio | 0.1333 | |||
| Treynor Ratio | (2.53) |
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Additional Tools for Elite Stock Analysis
When running Elite Material's price analysis, check to measure Elite Material's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elite Material is operating at the current time. Most of Elite Material's value examination focuses on studying past and present price action to predict the probability of Elite Material's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Material's price. Additionally, you may evaluate how the addition of Elite Material to your portfolios can decrease your overall portfolio volatility.