Elite Semiconductor (Taiwan) Price on July 26, 2024
| 3006 Stock | TWD 62.00 1.70 2.67% |
If you're considering investing in Elite Stock, it is important to understand the factors that can impact its price. As of today, the current price of Elite Semiconductor stands at 62.00, as last reported on the 14th of December 2024, with the highest price reaching 63.70 and the lowest price hitting 61.40 during the day. Elite Semiconductor secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. Elite Semiconductor Memory exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elite Semiconductor's Variance of 2.72, standard deviation of 1.65, and Mean Deviation of 1.34 to check the risk estimate we provide.
Elite Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Elite |
Sharpe Ratio = -0.1263
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| Negative Returns | 3006 |
Estimated Market Risk
| 1.65 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.21 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Elite Semiconductor 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 Elite Semiconductor by adding Elite Semiconductor to a well-diversified portfolio.
Elite Semiconductor Valuation on July 26, 2024
It is possible to determine the worth of Elite Semiconductor on a given historical date. On July 26, 2024 Elite was worth 84.0 at the beginning of the trading date compared to the closed value of 86.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elite Semiconductor stock. Still, in general, we apply an absolute valuation method to find Elite Semiconductor'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 Elite Semiconductor where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elite Semiconductor's related companies.
| Open | High | Low | Close | Volume | |
| 90.10 | 90.10 | 90.10 | 90.10 | 1.00 | |
07/26/2024 | 84.00 | 87.80 | 82.50 | 86.40 | 6,922,774 |
| 87.50 | 88.00 | 83.00 | 83.60 | 6,964,880 |
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Elite Semiconductor Trading Date Momentum on July 26, 2024
| On July 29 2024 Elite Semiconductor Memory was traded for 83.60 at the closing time. The highest price during the trading period was 88.00 and the lowest recorded bid was listed for 83.00 . The volume for the day was 7 M. This history from July 29, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.24% . The overall trading delta to the current price is 8.80% . |
Elite Semiconductor Fundamentals Correlations and Trends
By evaluating Elite Semiconductor'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 Elite Semiconductor's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elite financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elite Semiconductor Stock history
Elite Semiconductor 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 Elite is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elite Semiconductor 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 Elite Semiconductor stock prices may prove useful in developing a viable investing in Elite Semiconductor
Elite Semiconductor Memory Technology Inc., engages in the design, manufacture, and sale of IC products in Taiwan. Elite Semiconductor Memory Technology Inc. was founded in 1998 and is based in Hsinchu, Taiwan. ELITE SEMICONDUCTOR operates under Semiconductor Equipment Materials classification in Taiwan and is traded on Taiwan Stock Exchange.
Elite Semiconductor Stock Technical Analysis
Elite Semiconductor 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
Elite Semiconductor Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Elite Semiconductor Memory 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.
Elite Semiconductor December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Elite Semiconductor stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elite Semiconductor shares will generate the highest return on investment. By undertsting and applying Elite Semiconductor stock market strength indicators, traders can identify Elite Semiconductor Memory entry and exit signals to maximize returns
Elite Semiconductor Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elite Semiconductor's price direction in advance. Along with the technical and fundamental analysis of Elite Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elite 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 | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.23) |
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Additional Tools for Elite Stock Analysis
When running Elite Semiconductor's price analysis, check to measure Elite Semiconductor'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 Elite Semiconductor is operating at the current time. Most of Elite Semiconductor's value examination focuses on studying past and present price action to predict the probability of Elite Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Semiconductor's price. Additionally, you may evaluate how the addition of Elite Semiconductor to your portfolios can decrease your overall portfolio volatility.