Elite Semiconductor (Taiwan) Price on October 22, 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 Mean Deviation of 1.34, variance of 2.72, and Standard Deviation of 1.65 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.

Sharpe Ratio = -0.1263

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative Returns3006

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 October 22, 2024

It is possible to determine the worth of Elite Semiconductor on a given historical date. On October 22, 2024 Elite was worth 70.7 at the beginning of the trading date compared to the closed value of 70.4. 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
  69.90    70.80    69.90    70.70    1,074,686  
10/22/2024
  70.70    70.70    69.90    70.40    708,424  
  70.00    71.20    70.00    70.60    987,349  
Backtest Elite Semiconductor  |  Elite Semiconductor History  |  Elite Semiconductor Valuation   PreviousNext  
Open Value
70.7
70.4
Closing Value
75.64
Upside

Elite Semiconductor Trading Date Momentum on October 22, 2024

On October 23 2024 Elite Semiconductor Memory was traded for  70.60  at the closing time. The highest price during the trading period was 71.20  and the lowest recorded bid was listed for  70.00 . The volume for the day was 987.3 K. This history from October 23, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.28% . The overall trading delta to the current price is 4.40% .

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

Elite Semiconductor Period Price Range

Low
December 14, 2024
0.00  NaN%
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.

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.