Air Asia (Taiwan) Price on October 21, 2024

2630 Stock  TWD 31.60  0.60  1.86%   
If you're considering investing in Air Stock, it is important to understand the factors that can impact its price. As of today, the current price of Air Asia stands at 31.60, as last reported on the 14th of December 2024, with the highest price reaching 32.30 and the lowest price hitting 31.60 during the day. Air Asia secures Sharpe Ratio (or Efficiency) of -0.0012, which signifies that the company had a -0.0012% return per unit of risk over the last 3 months. Air Asia Co exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Air Asia's Downside Deviation of 1.65, mean deviation of 1.4, and Risk Adjusted Performance of 0.0139 to double-check the risk estimate we provide.
  
Air Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0012

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Estimated Market Risk

 2.15
  actual daily
19
81% of assets are more volatile

Expected Return

 0.0
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  actual daily
0
Most of other assets perform better
Based on monthly moving average Air Asia 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 Air Asia by adding Air Asia to a well-diversified portfolio.

Air Asia Valuation on October 21, 2024

It is possible to determine the worth of Air Asia on a given historical date. On October 21, 2024 Air was worth 32.9 at the beginning of the trading date compared to the closed value of 32.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Air Asia stock. Still, in general, we apply an absolute valuation method to find Air 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 Air Asia where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Air Asia's related companies.
 Open High Low Close Volume
  33.20    33.20    32.80    32.80    308,617  
10/21/2024
  32.90    33.10    32.70    32.90    211,000  
  33.35    34.15    33.10    33.80    1,020,495  
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Open Value
32.9
32.9
Closing Value
39.36
Upside

Air Asia Trading Date Momentum on October 21, 2024

On October 22 2024 Air Asia Co was traded for  33.80  at the closing time. The highest price during the trading period was 34.15  and the lowest recorded bid was listed for  33.10 . The volume for the day was 1 M. This history from October 22, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 2.74% . The overall trading delta to the current price is 3.04% .

Air Asia Fundamentals Correlations and Trends

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

About Air Asia Stock history

Air 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 Air is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Air Asia 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 Air Asia stock prices may prove useful in developing a viable investing in Air Asia
Air Asia Co., Ltd. operates as an aircraft maintenance company in Taiwan and internationally. Air Asia Co., Ltd. was founded in 1946 and is based in Tainan City, Taiwan. AIR ASIA is traded on Taiwan Stock Exchange in Taiwan.

Air Asia Stock Technical Analysis

Air 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.
A focus of Air Asia technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Air Asia 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

Air Asia Period Price Range

Low
December 14, 2024
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Air Asia Co 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.

Air Asia December 14, 2024 Market Strength

Market strength indicators help investors to evaluate how Air 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 Air Asia shares will generate the highest return on investment. By undertsting and applying Air Asia stock market strength indicators, traders can identify Air Asia Co entry and exit signals to maximize returns

Air Asia Technical and Predictive Indicators

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

When running Air Asia's price analysis, check to measure Air 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 Air Asia is operating at the current time. Most of Air Asia's value examination focuses on studying past and present price action to predict the probability of Air 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 Air Asia's price. Additionally, you may evaluate how the addition of Air Asia to your portfolios can decrease your overall portfolio volatility.