Mirle Automation (Taiwan) Price on September 1, 2023

2464 Stock  TWD 74.90  2.00  2.60%   
If you're considering investing in Mirle Stock, it is important to understand the factors that can impact its price. As of today, the current price of Mirle Automation stands at 74.90, as last reported on the 15th of December 2024, with the highest price reaching 77.60 and the lowest price hitting 74.60 during the day. Mirle Automation Corp has Sharpe Ratio of -0.0353, which conveys that the firm had a -0.0353% return per unit of risk over the last 3 months. Mirle Automation exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mirle Automation's Mean Deviation of 1.75, risk adjusted performance of (0.01), and Standard Deviation of 2.4 to check out the risk estimate we provide.
  
Mirle Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0353

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Estimated Market Risk

 2.4
  actual daily
21
79% of assets are more volatile

Expected Return

 -0.08
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.04
  actual daily
0
Most of other assets perform better
Based on monthly moving average Mirle Automation 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 Mirle Automation by adding Mirle Automation to a well-diversified portfolio.

Mirle Automation Valuation on September 1, 2023

It is possible to determine the worth of Mirle Automation on a given historical date. On September 1, 2023 Mirle was worth 40.05 at the beginning of the trading date compared to the closed value of 41.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mirle Automation stock. Still, in general, we apply an absolute valuation method to find Mirle Automation'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 Mirle Automation where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mirle Automation's related companies.
 Open High Low Close Volume
  40.50    40.95    39.85    39.95    1,213,170  
09/01/2023
  40.05    42.00    39.65    41.65    2,018,177  
  41.60    41.65    40.10    41.00    2,997,278  
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Open Value
40.05
41.65
Closing Value
47.25
Upside

Mirle Automation Trading Date Momentum on September 1, 2023

On September 04 2023 Mirle Automation Corp was traded for  41.00  at the closing time. The highest price during the trading period was 41.65  and the lowest recorded bid was listed for  40.10 . The volume for the day was 3 M. This history from September 4, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 1.56% . The trading delta at closing time to the current price is 1.20% .

Mirle Automation Corp Fundamentals Correlations and Trends

By evaluating Mirle Automation'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 Mirle Automation's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mirle financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Mirle Automation Stock history

Mirle Automation 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 Mirle is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mirle Automation 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 Mirle Automation stock prices may prove useful in developing a viable investing in Mirle Automation
Mirle Automation Corporation manufactures and sells automation system integrators and related products. Mirle Automation Corporation was founded in 1989 and is headquartered in Hsinchu, Taiwan. MIRLE AUTOMATION operates under Consumer Electronics classification in Taiwan and is traded on Taiwan Stock Exchange.

Mirle Automation Stock Technical Analysis

Mirle Automation 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.
A focus of Mirle Automation technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Mirle Automation trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Mirle Automation Period Price Range

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December 15, 2024
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Mirle Automation 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.

Mirle Automation December 15, 2024 Market Strength

Market strength indicators help investors to evaluate how Mirle Automation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mirle Automation shares will generate the highest return on investment. By undertsting and applying Mirle Automation stock market strength indicators, traders can identify Mirle Automation Corp entry and exit signals to maximize returns

Mirle Automation Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Mirle Automation's price direction in advance. Along with the technical and fundamental analysis of Mirle Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mirle 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.

Additional Tools for Mirle Stock Analysis

When running Mirle Automation's price analysis, check to measure Mirle Automation'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 Mirle Automation is operating at the current time. Most of Mirle Automation's value examination focuses on studying past and present price action to predict the probability of Mirle Automation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirle Automation's price. Additionally, you may evaluate how the addition of Mirle Automation to your portfolios can decrease your overall portfolio volatility.