Cheng Uei (Taiwan) Price on November 19, 2024
| 2392 Stock | TWD 78.80 0.70 0.90% |
If you're considering investing in Cheng Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cheng Uei stands at 78.80, as last reported on the 4th of December, with the highest price reaching 80.20 and the lowest price hitting 78.10 during the day. Cheng Uei appears to be very steady, given 3 months investment horizon. Cheng Uei Precision secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Cheng Uei Precision, which you can use to evaluate the volatility of the firm. Please makes use of Cheng Uei's risk adjusted performance of 0.0505, and Mean Deviation of 2.3 to double-check if our risk estimates are consistent with your expectations.
Cheng Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cheng |
Sharpe Ratio = 0.1224
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 2392 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.25 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.4 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Cheng Uei is performing at about 9% 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 Cheng Uei by adding it to a well-diversified portfolio.
Cheng Uei Valuation on November 19, 2024
It is possible to determine the worth of Cheng Uei on a given historical date. On November 19, 2024 Cheng was worth 72.5 at the beginning of the trading date compared to the closed value of 75.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cheng Uei stock. Still, in general, we apply an absolute valuation method to find Cheng Uei'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 Cheng Uei where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cheng Uei's related companies.
| Open | High | Low | Close | Volume | |
| 72.40 | 74.70 | 71.00 | 72.20 | 21,191,393 | |
11/19/2024 | 72.50 | 75.10 | 71.60 | 75.10 | 24,442,368 |
| 75.10 | 75.10 | 71.80 | 72.80 | 19,009,389 |
| Backtest Cheng Uei | | | Cheng Uei History | | | Cheng Uei Valuation | Previous | Next |
Cheng Uei Trading Date Momentum on November 19, 2024
| On November 20 2024 Cheng Uei Precision was traded for 72.80 at the closing time. The highest price during the trading period was 75.10 and the lowest recorded bid was listed for 71.80 . The volume for the day was 19 M. This history from November 20, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.06% . The overall trading delta to the current price is 3.86% . |
Cheng Uei Precision Fundamentals Correlations and Trends
By evaluating Cheng Uei'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 Cheng Uei's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cheng financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cheng Uei Stock history
Cheng Uei 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 Cheng is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cheng Uei Precision 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 Cheng Uei stock prices may prove useful in developing a viable investing in Cheng Uei
Cheng Uei Precision Industry Co., Ltd. designs, manufactures, and sells connectors, cable assemblies, power management devices, and battery packs to communication devices, computers, and consumer electronics manufacturers worldwide. The company was founded in 1986 and is headquartered in New Taipei City, Taiwan. CHENG UEI is traded on Taiwan Stock Exchange in Taiwan.
Cheng Uei Stock Technical Analysis
Cheng Uei 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
Cheng Uei Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Cheng Uei Precision 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.
Cheng Uei December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Cheng Uei stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cheng Uei shares will generate the highest return on investment. By undertsting and applying Cheng Uei stock market strength indicators, traders can identify Cheng Uei Precision entry and exit signals to maximize returns
Cheng Uei Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cheng Uei's price direction in advance. Along with the technical and fundamental analysis of Cheng Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cheng 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 | 0.0505 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0268 | |||
| Treynor Ratio | 0.1023 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Cheng Stock Analysis
When running Cheng Uei's price analysis, check to measure Cheng Uei'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 Cheng Uei is operating at the current time. Most of Cheng Uei's value examination focuses on studying past and present price action to predict the probability of Cheng Uei's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cheng Uei's price. Additionally, you may evaluate how the addition of Cheng Uei to your portfolios can decrease your overall portfolio volatility.