Ruentex Engineering (Taiwan) Price on July 29, 2024
| 2597 Stock | TWD 146.50 2.00 1.35% |
If you're considering investing in Ruentex Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ruentex Engineering stands at 146.50, as last reported on the 12th of December 2024, with the highest price reaching 150.00 and the lowest price hitting 146.50 during the day. At this stage we consider Ruentex Stock to be very steady. Ruentex Engineering maintains Sharpe Ratio (i.e., Efficiency) of 0.0223, which implies the firm had a 0.0223% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ruentex Engineering, which you can use to evaluate the volatility of the company. Please check Ruentex Engineering's Coefficient Of Variation of 1996.63, semi deviation of 1.31, and Risk Adjusted Performance of 0.0413 to confirm if the risk estimate we provide is consistent with the expected return of 0.033%.
Ruentex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ruentex |
Sharpe Ratio = 0.0223
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 2597 |
Estimated Market Risk
| 1.48 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Ruentex Engineering is performing at about 1% 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 Ruentex Engineering by adding it to a well-diversified portfolio.
Ruentex Engineering Valuation on July 29, 2024
It is possible to determine the worth of Ruentex Engineering on a given historical date. On July 29, 2024 Ruentex was worth 203.5 at the beginning of the trading date compared to the closed value of 211.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ruentex Engineering stock. Still, in general, we apply an absolute valuation method to find Ruentex Engineering'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 Ruentex Engineering where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ruentex Engineering's related companies.
| Open | High | Low | Close | Volume | |
| 193.00 | 197.50 | 188.50 | 197.00 | 326,813 | |
07/29/2024 | 203.50 | 216.50 | 201.00 | 211.50 | 1,914,830 |
| 208.00 | 226.50 | 201.50 | 220.00 | 2,118,285 |
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Ruentex Engineering Trading Date Momentum on July 29, 2024
| On July 30 2024 Ruentex Engineering Construction was traded for 220.00 at the closing time. The highest price during the trading period was 226.50 and the lowest recorded bid was listed for 201.50 . The volume for the day was 2.1 M. This history from July 30, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 4.02% . The trading delta at closing time to the current price is 31.27% . |
Ruentex Engineering Fundamentals Correlations and Trends
By evaluating Ruentex Engineering'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 Ruentex Engineering's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ruentex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ruentex Engineering Stock history
Ruentex Engineering 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 Ruentex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ruentex Engineering 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 Ruentex Engineering stock prices may prove useful in developing a viable investing in Ruentex Engineering
Ruentex Engineering Construction Co., Ltd. engages in the civil and architectural construction contracting business in Taiwan and internationally. The company was founded in 1975 and is headquartered in Taipei, Taiwan. RUENTEX ENGINEERING operates under Engineering Construction classification in Taiwan and is traded on Taiwan Stock Exchange.
Ruentex Engineering Stock Technical Analysis
Ruentex Engineering 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
Ruentex Engineering Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Ruentex Engineering 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.
Ruentex Engineering December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Ruentex Engineering stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ruentex Engineering shares will generate the highest return on investment. By undertsting and applying Ruentex Engineering stock market strength indicators, traders can identify Ruentex Engineering Construction entry and exit signals to maximize returns
Ruentex Engineering Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ruentex Engineering's price direction in advance. Along with the technical and fundamental analysis of Ruentex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ruentex 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 | 0.0413 | |||
| Jensen Alpha | 0.0607 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 2.08 |
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Additional Tools for Ruentex Stock Analysis
When running Ruentex Engineering's price analysis, check to measure Ruentex Engineering'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 Ruentex Engineering is operating at the current time. Most of Ruentex Engineering's value examination focuses on studying past and present price action to predict the probability of Ruentex Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ruentex Engineering's price. Additionally, you may evaluate how the addition of Ruentex Engineering to your portfolios can decrease your overall portfolio volatility.