Shinkong Insurance (Taiwan) Price on December 11, 2024
| 2850 Stock | TWD 105.50 1.00 0.96% |
If you're considering investing in Shinkong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shinkong Insurance stands at 105.50, as last reported on the 8th of January, with the highest price reaching 105.50 and the lowest price hitting 104.00 during the day. At this stage we consider Shinkong Stock to be very steady. Shinkong Insurance owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shinkong Insurance Co, which you can use to evaluate the volatility of the company. Please validate Shinkong Insurance's Risk Adjusted Performance of 0.1089, coefficient of variation of 771.29, and Semi Deviation of 1.14 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%.
Shinkong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shinkong |
Sharpe Ratio = 0.1002
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Estimated Market Risk
| 1.32 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Shinkong Insurance is performing at about 7% 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 Shinkong Insurance by adding it to a well-diversified portfolio.
Shinkong Insurance Valuation on December 11, 2024
It is possible to determine the worth of Shinkong Insurance on a given historical date. On December 11, 2024 Shinkong was worth 103.5 at the beginning of the trading date compared to the closed value of 103.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shinkong Insurance stock. Still, in general, we apply an absolute valuation method to find Shinkong Insurance'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 Shinkong Insurance where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shinkong Insurance's related companies.
| Open | High | Low | Close | Volume | |
| 104.00 | 104.00 | 102.50 | 102.50 | 149,300 | |
12/11/2024 | 103.50 | 104.00 | 103.00 | 103.00 | 168,954 |
| 104.00 | 104.00 | 103.00 | 103.00 | 142,274 |
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Shinkong Insurance Trading Date Momentum on December 11, 2024
| On December 12 2024 Shinkong Insurance Co was traded for 103.00 at the closing time. The highest price during the trading period was 104.00 and the lowest recorded bid was listed for 103.00 . The volume for the day was 142.3 K. This history from December 12, 2024 did not result in any price rise and fall. The trading price change to the current price is 0.49% . |
Shinkong Insurance Fundamentals Correlations and Trends
By evaluating Shinkong Insurance'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 Shinkong Insurance's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shinkong financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shinkong Insurance Stock history
Shinkong Insurance 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 Shinkong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shinkong Insurance 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 Shinkong Insurance stock prices may prove useful in developing a viable investing in Shinkong Insurance
Shinkong Insurance Co., Ltd. engages in the insurance business in Taiwan. Shinkong Insurance Co., Ltd. was founded in 1963 and is headquartered in Taipei City, Taiwan. SHINKONG INSURANCE operates under Insurance - Property Casualty classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 1732 people.
Shinkong Insurance Stock Technical Analysis
Shinkong Insurance 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
Shinkong Insurance Period Price Range
Low | January 8, 2025
| High |
0.00 | 0.00 |
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Shinkong Insurance January 8, 2025 Market Strength
Market strength indicators help investors to evaluate how Shinkong Insurance stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shinkong Insurance shares will generate the highest return on investment. By undertsting and applying Shinkong Insurance stock market strength indicators, traders can identify Shinkong Insurance Co entry and exit signals to maximize returns
Shinkong Insurance Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shinkong Insurance's price direction in advance. Along with the technical and fundamental analysis of Shinkong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shinkong 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 | 0.1089 | |||
| Jensen Alpha | 0.1678 | |||
| Total Risk Alpha | 0.1343 | |||
| Sortino Ratio | 0.0998 | |||
| Treynor Ratio | (0.84) |
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Additional Tools for Shinkong Stock Analysis
When running Shinkong Insurance's price analysis, check to measure Shinkong Insurance'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 Shinkong Insurance is operating at the current time. Most of Shinkong Insurance's value examination focuses on studying past and present price action to predict the probability of Shinkong Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shinkong Insurance's price. Additionally, you may evaluate how the addition of Shinkong Insurance to your portfolios can decrease your overall portfolio volatility.