New Asia (Taiwan) Price on November 20, 2024
| 2516 Stock | TWD 12.80 0.10 0.79% |
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. As of today, the current price of New Asia stands at 12.80, as last reported on the 29th of December, with the highest price reaching 13.05 and the lowest price hitting 12.80 during the day. At this stage we consider New Stock to be not too volatile. New Asia Construction has Sharpe Ratio of 0.0777, which conveys that the firm had a 0.0777% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for New Asia, which you can use to evaluate the volatility of the firm. Please verify New Asia's Mean Deviation of 1.09, risk adjusted performance of 0.0694, and Downside Deviation of 1.5 to check out if the risk estimate we provide is consistent with the expected return of 0.12%.
New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.0777
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Estimated Market Risk
| 1.5 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average New Asia is performing at about 6% 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 New Asia by adding it to a well-diversified portfolio.
New Asia Valuation on November 20, 2024
It is possible to determine the worth of New Asia on a given historical date. On November 20, 2024 New was worth 13.15 at the beginning of the trading date compared to the closed value of 13.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Asia stock. Still, in general, we apply an absolute valuation method to find New Asia'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 New Asia where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Asia's related companies.
| Open | High | Low | Close | Volume | |
| 13.00 | 13.15 | 13.00 | 13.15 | 607,704 | |
11/20/2024 | 13.15 | 13.20 | 13.05 | 13.10 | 354,293 |
| 13.15 | 13.30 | 13.10 | 13.10 | 826,107 |
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New Asia Trading Date Momentum on November 20, 2024
| On November 21 2024 New Asia Construction was traded for 13.10 at the closing time. The highest price during the trading period was 13.30 and the lowest recorded bid was listed for 13.10 . The volume for the day was 826.1 K. This history from November 21, 2024 did not cause price change. The trading delta at closing time to the current price is 3.05% . |
New Asia Construction Fundamentals Correlations and Trends
By evaluating New Asia'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 New Asia's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.About New Asia Stock history
New Asia 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 New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Asia Construction 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 New Asia stock prices may prove useful in developing a viable investing in New Asia
New Asia Construction Development Corp. provides public construction services for governments in Taiwan. New Asia Construction Development Corp. is a subsidiary of Gamuda Berhad. NEW ASIA is traded on Taiwan Stock Exchange in Taiwan.
New Asia Stock Technical Analysis
New Asia 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
New Asia Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
New Asia Construction 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.
New Asia December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how New Asia stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Asia shares will generate the highest return on investment. By undertsting and applying New Asia stock market strength indicators, traders can identify New Asia Construction entry and exit signals to maximize returns
New Asia Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Asia's price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New 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 | 0.0694 | |||
| Jensen Alpha | 0.1105 | |||
| Total Risk Alpha | 0.0699 | |||
| Sortino Ratio | 0.0594 | |||
| Treynor Ratio | 2.45 |
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Additional Tools for New Stock Analysis
When running New Asia's price analysis, check to measure New Asia'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 New Asia is operating at the current time. Most of New Asia's value examination focuses on studying past and present price action to predict the probability of New Asia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Asia's price. Additionally, you may evaluate how the addition of New Asia to your portfolios can decrease your overall portfolio volatility.