Edison Opto (Taiwan) Price on December 13, 2024
| 3591 Stock | TWD 25.00 0.35 1.38% |
If you're considering investing in Edison Stock, it is important to understand the factors that can impact its price. As of today, the current price of Edison Opto stands at 25.00, as last reported on the 5th of January, with the highest price reaching 25.50 and the lowest price hitting 24.95 during the day. Edison Opto Corp secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the company had a -0.1% return per unit of risk over the last 3 months. Edison Opto Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Edison Opto's Mean Deviation of 1.49, variance of 4.3, and Standard Deviation of 2.07 to check the risk estimate we provide.
Edison Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Edison |
Sharpe Ratio = -0.1015
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 3591 |
Estimated Market Risk
| 2.07 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.21 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Edison Opto 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 Edison Opto by adding Edison Opto to a well-diversified portfolio.
Edison Opto Valuation on December 13, 2024
It is possible to determine the worth of Edison Opto on a given historical date. On December 13, 2024 Edison was worth 27.25 at the beginning of the trading date compared to the closed value of 26.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Edison Opto stock. Still, in general, we apply an absolute valuation method to find Edison Opto'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 Edison Opto where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Edison Opto's related companies.
| Open | High | Low | Close | Volume | |
| 27.25 | 27.30 | 26.50 | 27.00 | 4,729,901 | |
12/13/2024 | 27.25 | 27.65 | 26.10 | 26.40 | 9,351,368 |
| 26.05 | 26.30 | 24.80 | 24.85 | 4,057,192 |
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Edison Opto Trading Date Momentum on December 13, 2024
| On December 16 2024 Edison Opto Corp was traded for 24.85 at the closing time. The highest price during the trading period was 26.30 and the lowest recorded bid was listed for 24.80 . The volume for the day was 4.1 M. This history from December 16, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 5.87% . The overall trading delta to the current price is 3.60% . |
Edison Opto Corp Fundamentals Correlations and Trends
By evaluating Edison Opto'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 Edison Opto's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Edison financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Edison Opto Stock history
Edison Opto 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 Edison is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Edison Opto 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 Edison Opto stock prices may prove useful in developing a viable investing in Edison Opto
Edison Opto Corporation designs, manufactures, and sells LED lighting products in Taiwan and internationally. The company was incorporated in 2001 and is headquartered in New Taipei City, Taiwan. EDISON OPTO operates under Electronic Components classification in Taiwan and is traded on Taiwan Stock Exchange.
Edison Opto Stock Technical Analysis
Edison Opto 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
Edison Opto Period Price Range
Low | January 5, 2025
| High |
0.00 | 0.00 |
Edison Opto 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.
Edison Opto January 5, 2025 Market Strength
Market strength indicators help investors to evaluate how Edison Opto stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Edison Opto shares will generate the highest return on investment. By undertsting and applying Edison Opto stock market strength indicators, traders can identify Edison Opto Corp entry and exit signals to maximize returns
Edison Opto Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Edison Opto's price direction in advance. Along with the technical and fundamental analysis of Edison Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Edison 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 | (0.08) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.89) |
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Additional Tools for Edison Stock Analysis
When running Edison Opto's price analysis, check to measure Edison Opto'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 Edison Opto is operating at the current time. Most of Edison Opto's value examination focuses on studying past and present price action to predict the probability of Edison Opto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edison Opto's price. Additionally, you may evaluate how the addition of Edison Opto to your portfolios can decrease your overall portfolio volatility.