Tradetool Auto (Taiwan) Price on November 20, 2023

3685 Stock  TWD 16.40  0.30  1.80%   
If you're considering investing in Tradetool Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tradetool Auto stands at 16.40, as last reported on the 15th of December 2024, with the highest price reaching 16.95 and the lowest price hitting 16.30 during the day. Tradetool Auto owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0767, which indicates the firm had a -0.0767% return per unit of risk over the last 3 months. Tradetool Auto Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tradetool Auto's Coefficient Of Variation of (1,337), risk adjusted performance of (0.05), and Variance of 3.04 to confirm the risk estimate we provide.
  
Tradetool Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0767

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Negative Returns3685

Estimated Market Risk

 1.76
  actual daily
15
85% of assets are more volatile

Expected Return

 -0.13
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.08
  actual daily
0
Most of other assets perform better
Based on monthly moving average Tradetool Auto 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 Tradetool Auto by adding Tradetool Auto to a well-diversified portfolio.

Tradetool Auto Valuation on November 20, 2023

It is possible to determine the worth of Tradetool Auto on a given historical date. On November 20, 2023 Tradetool was worth 22.1 at the beginning of the trading date compared to the closed value of 22.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tradetool Auto stock. Still, in general, we apply an absolute valuation method to find Tradetool Auto'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 Tradetool Auto where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tradetool Auto's related companies.
 Open High Low Close Volume
  21.90    22.05    21.70    22.05    145,000  
11/20/2023
  22.10    22.45    22.10    22.45    69,000  
  22.20    22.25    21.95    22.05    157,000  
Backtest Tradetool Auto  |  Tradetool Auto History  |  Tradetool Auto Valuation   PreviousNext  
Open Value
22.1
22.45
Closing Value
27.37
Upside

Tradetool Auto Trading Date Momentum on November 20, 2023

On November 21 2023 Tradetool Auto Co was traded for  22.05  at the closing time. The highest price during the trading period was 22.25  and the lowest recorded bid was listed for  21.95 . The volume for the day was 157 K. This history from November 21, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 1.78% . The trading price change to the current price is 2.23% .

Tradetool Auto Fundamentals Correlations and Trends

By evaluating Tradetool Auto'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 Tradetool Auto's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tradetool financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Tradetool Auto Stock history

Tradetool Auto 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 Tradetool is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tradetool Auto 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 Tradetool Auto stock prices may prove useful in developing a viable investing in Tradetool Auto
Tradetool Auto Co., Ltd. develops, manufactures, and sells light guide plate products for TFT-LCD panels in Taiwan, China, Japan, and Korea. Tradetool Auto Co., Ltd. was founded in 1980 and is headquartered in Taichung City, Taiwan. TRADETOOL AUTO is traded on Taiwan OTC Exchange in Taiwan.

Tradetool Auto Stock Technical Analysis

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

Tradetool Auto Period Price Range

Low
December 15, 2024
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High

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Tradetool Auto Co cannot be verified against its exchange. Please verify the symbol is currently traded on Taiwan OTC 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.

Tradetool Auto December 15, 2024 Market Strength

Market strength indicators help investors to evaluate how Tradetool Auto stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tradetool Auto shares will generate the highest return on investment. By undertsting and applying Tradetool Auto stock market strength indicators, traders can identify Tradetool Auto Co entry and exit signals to maximize returns

Tradetool Auto Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Tradetool Auto's price direction in advance. Along with the technical and fundamental analysis of Tradetool Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tradetool 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 Tradetool Stock Analysis

When running Tradetool Auto's price analysis, check to measure Tradetool Auto'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 Tradetool Auto is operating at the current time. Most of Tradetool Auto's value examination focuses on studying past and present price action to predict the probability of Tradetool Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tradetool Auto's price. Additionally, you may evaluate how the addition of Tradetool Auto to your portfolios can decrease your overall portfolio volatility.