Enlight Corp (Taiwan) Price on December 4, 2024
| 2438 Stock | TWD 39.05 0.15 0.38% |
If you're considering investing in Enlight Stock, it is important to understand the factors that can impact its price. As of today, the current price of Enlight Corp stands at 39.05, as last reported on the 4th of December, with the highest price reaching 39.95 and the lowest price hitting 38.00 during the day. Enlight Corp secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. Enlight Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enlight Corp's Mean Deviation of 2.49, variance of 12.25, and Standard Deviation of 3.5 to check the risk estimate we provide.
Enlight Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Enlight |
Sharpe Ratio = -0.1274
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 2438 |
Estimated Market Risk
| 3.32 actual daily | 29 71% of assets are more volatile |
Expected Return
| -0.42 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Enlight Corp is not performing at its full potential. However, 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 Enlight Corp by adding Enlight Corp to a well-diversified portfolio.
Enlight Corp Valuation on December 4, 2024
It is possible to determine the worth of Enlight Corp on a given historical date. On December 4, 2024 Enlight was worth 39.2 at the beginning of the trading date compared to the closed value of 39.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Enlight Corp stock. Still, in general, we apply an absolute valuation method to find Enlight Corp'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 Enlight Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Enlight Corp's related companies.
| Open | High | Low | Close | Volume | |
| 39.20 | 39.95 | 38.00 | 39.05 | 131,419 | |
12/04/2024 | 39.20 | 39.95 | 38.00 | 39.05 | 0.00 |
| Backtest Enlight Corp | | | Enlight Corp History | | | Enlight Corp Valuation | Previous |
Enlight Corp Trading Date Momentum on December 4, 2024
| On December 04 2024 Enlight Corp was traded for 39.05 at the closing time. The highest price during the trading period was 39.95 and the lowest recorded bid was listed for 38.00 . There was no trading activity during the period 0.0. Lack of trading volume on December 4, 2024 did not affect price variability. The overall trading delta to the current price is 0.38% . |
Enlight Corp Fundamentals Correlations and Trends
By evaluating Enlight Corp'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 Enlight Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Enlight financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Enlight Corp Stock history
Enlight Corp 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 Enlight is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Enlight Corp 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 Enlight Corp stock prices may prove useful in developing a viable investing in Enlight Corp
Enlight Corporation develops, produces, and sells LED lightning products in Taiwan. The company was founded in 1973 and is based in Taoyuan City, Taiwan. ENLIGHT CORP is traded on Taiwan Stock Exchange in Taiwan.
Enlight Corp Stock Technical Analysis
Enlight Corp 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
Enlight Corp Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Enlight Corp 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.
Enlight Corp December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Enlight Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enlight Corp shares will generate the highest return on investment. By undertsting and applying Enlight Corp stock market strength indicators, traders can identify Enlight Corp entry and exit signals to maximize returns
Enlight Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Enlight Corp's price direction in advance. Along with the technical and fundamental analysis of Enlight Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Enlight 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 | (0.13) | |||
| Jensen Alpha | (0.78) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | (0.54) |
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Additional Tools for Enlight Stock Analysis
When running Enlight Corp's price analysis, check to measure Enlight Corp'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 Enlight Corp is operating at the current time. Most of Enlight Corp's value examination focuses on studying past and present price action to predict the probability of Enlight Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enlight Corp's price. Additionally, you may evaluate how the addition of Enlight Corp to your portfolios can decrease your overall portfolio volatility.