Highwealth Construction (Taiwan) Price on October 30, 2024
2542 Stock | TWD 46.65 0.75 1.58% |
If you're considering investing in Highwealth Stock, it is important to understand the factors that can impact its price. As of today, the current price of Highwealth Construction stands at 46.65, as last reported on the 11th of December 2024, with the highest price reaching 47.95 and the lowest price hitting 46.65 during the day. Highwealth Construction holds Efficiency (Sharpe) Ratio of -0.033, which attests that the entity had a -0.033% return per unit of risk over the last 3 months. Highwealth Construction exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Highwealth Construction's Market Risk Adjusted Performance of (0.47), risk adjusted performance of (0.03), and Standard Deviation of 2.89 to validate the risk estimate we provide.
Highwealth Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Highwealth |
Sharpe Ratio = -0.033
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Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | 2542 |
Estimated Market Risk
2.95 actual daily | 26 74% of assets are more volatile |
Expected Return
-0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Highwealth Construction 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 Highwealth Construction by adding Highwealth Construction to a well-diversified portfolio.
Highwealth Construction Valuation on October 30, 2024
It is possible to determine the worth of Highwealth Construction on a given historical date. On October 30, 2024 Highwealth was worth 41.25 at the beginning of the trading date compared to the closed value of 40.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Highwealth Construction stock. Still, in general, we apply an absolute valuation method to find Highwealth Construction'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 Highwealth Construction where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Highwealth Construction's related companies.
Open | High | Low | Close | Volume | |
41.45 | 41.50 | 40.70 | 41.00 | 3,206,299 | |
10/30/2024 | 41.25 | 41.25 | 40.75 | 40.75 | 2,462,426 |
40.75 | 40.75 | 40.75 | 40.75 | 1.00 |
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Highwealth Construction Trading Date Momentum on October 30, 2024
On October 31 2024 Highwealth Construction Corp was traded for 40.75 at the closing time. The highest price during the trading period was 40.75 and the lowest recorded bid was listed for 40.75 . There was no trading activity during the period 1.0. Lack of trading volume on October 31, 2024 did not cause price change. The trading delta at closing time to the current price is 1.96% . |
Highwealth Construction Fundamentals Correlations and Trends
By evaluating Highwealth Construction'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 Highwealth Construction's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Highwealth financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Highwealth Construction Stock history
Highwealth Construction 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 Highwealth is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Highwealth 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 Highwealth Construction stock prices may prove useful in developing a viable investing in Highwealth Construction
Highwealth Construction Corp., together with its subsidiaries, engages in the construction, sale, and leasing of residential and commercial buildings in Taiwan. Highwealth Construction Corp. was incorporated in 1980 and is based in Taipei, Taiwan. HIGHWEALTH CONSTRUCTION operates under Real EstateDevelopment classification in Taiwan and is traded on Taiwan Stock Exchange.
Highwealth Construction Stock Technical Analysis
Highwealth Construction 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
Highwealth Construction Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Highwealth Construction December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Highwealth Construction stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Highwealth Construction shares will generate the highest return on investment. By undertsting and applying Highwealth Construction stock market strength indicators, traders can identify Highwealth Construction Corp entry and exit signals to maximize returns
Highwealth Construction Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Highwealth Construction's price direction in advance. Along with the technical and fundamental analysis of Highwealth Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Highwealth 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 | (0.03) | |||
Jensen Alpha | (0.20) | |||
Total Risk Alpha | (0.62) | |||
Treynor Ratio | (0.48) |
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Additional Tools for Highwealth Stock Analysis
When running Highwealth Construction's price analysis, check to measure Highwealth Construction'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 Highwealth Construction is operating at the current time. Most of Highwealth Construction's value examination focuses on studying past and present price action to predict the probability of Highwealth Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Highwealth Construction's price. Additionally, you may evaluate how the addition of Highwealth Construction to your portfolios can decrease your overall portfolio volatility.