Welltend Technology (Taiwan) Price on September 13, 2024
| 3021 Stock | TWD 29.10 1.35 4.43% |
If you're considering investing in Welltend Stock, it is important to understand the factors that can impact its price. As of today, the current price of Welltend Technology stands at 29.10, as last reported on the 16th of December 2024, with the highest price reaching 30.40 and the lowest price hitting 29.00 during the day. At this stage we consider Welltend Stock to be not too volatile. Welltend Technology Corp shows Sharpe Ratio of 0.0368, which attests that the company had a 0.0368% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Welltend Technology Corp, which you can use to evaluate the volatility of the company. Please check out Welltend Technology's Downside Deviation of 3.52, market risk adjusted performance of (2.22), and Mean Deviation of 2.95 to validate if the risk estimate we provide is consistent with the expected return of 0.14%.
Welltend Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Welltend |
Sharpe Ratio = 0.0368
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| Cash | Small Risk | Average Risk | 3021 | Huge Risk |
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Estimated Market Risk
| 3.88 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Welltend Technology is performing at about 2% 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 Welltend Technology by adding it to a well-diversified portfolio.
Welltend Technology Valuation on September 13, 2024
It is possible to determine the worth of Welltend Technology on a given historical date. On September 13, 2024 Welltend was worth 24.65 at the beginning of the trading date compared to the closed value of 26.95. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Welltend Technology stock. Still, in general, we apply an absolute valuation method to find Welltend Technology'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 Welltend Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Welltend Technology's related companies.
| Open | High | Low | Close | Volume | |
| 25.15 | 25.65 | 23.90 | 24.50 | 2,809,232 | |
09/13/2024 | 24.65 | 26.95 | 24.40 | 26.95 | 1,576,676 |
| 27.80 | 29.00 | 27.20 | 27.35 | 4,846,609 |
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Welltend Technology Trading Date Momentum on September 13, 2024
| On September 16 2024 Welltend Technology Corp was traded for 27.35 at the closing time. The highest price during the trading period was 29.00 and the lowest recorded bid was listed for 27.20 . The volume for the day was 4.8 M. This history from September 16, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 1.48% . The trading price change to the current price is 3.71% . |
Welltend Technology Corp Fundamentals Correlations and Trends
By evaluating Welltend Technology'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 Welltend Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Welltend financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Welltend Technology Stock history
Welltend Technology 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 Welltend is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Welltend Technology Corp 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 Welltend Technology stock prices may prove useful in developing a viable investing in Welltend Technology
Welltend Technology Corporation produces and sells electronic components and wire connectors in Taiwan and internationally. The company was founded in 1973 and is based in Taipei City, Taiwan. WELLTEND TECHNOLOGY operates under Computer Hardware classification in Taiwan and is traded on Taiwan Stock Exchange.
Welltend Technology Stock Technical Analysis
Welltend Technology 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
Welltend Technology Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
Welltend Technology Corp 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.
Welltend Technology December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Welltend Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Welltend Technology shares will generate the highest return on investment. By undertsting and applying Welltend Technology stock market strength indicators, traders can identify Welltend Technology Corp entry and exit signals to maximize returns
Welltend Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Welltend Technology's price direction in advance. Along with the technical and fundamental analysis of Welltend Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Welltend 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 | 0.0697 | |||
| Jensen Alpha | 0.3411 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0676 | |||
| Treynor Ratio | (2.23) |
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Additional Tools for Welltend Stock Analysis
When running Welltend Technology's price analysis, check to measure Welltend Technology'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 Welltend Technology is operating at the current time. Most of Welltend Technology's value examination focuses on studying past and present price action to predict the probability of Welltend Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Welltend Technology's price. Additionally, you may evaluate how the addition of Welltend Technology to your portfolios can decrease your overall portfolio volatility.