Genovate Biotechnology (Taiwan) Price on November 29, 2024
4130 Stock | TWD 21.65 0.10 0.46% |
If you're considering investing in Genovate Stock, it is important to understand the factors that can impact its price. As of today, the current price of Genovate Biotechnology stands at 21.65, as last reported on the 12th of December 2024, with the highest price reaching 21.75 and the lowest price hitting 21.65 during the day. Genovate Biotechnology holds Efficiency (Sharpe) Ratio of -0.019, which attests that the entity had a -0.019% return per unit of risk over the last 3 months. Genovate Biotechnology exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Genovate Biotechnology's Downside Deviation of 0.7568, market risk adjusted performance of 0.0558, and Risk Adjusted Performance of 0.0129 to validate the risk estimate we provide.
Genovate Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Genovate |
Sharpe Ratio = -0.019
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Negative Returns | 4130 |
Estimated Market Risk
0.66 actual daily | 5 95% of assets are more volatile |
Expected Return
-0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Genovate Biotechnology 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 Genovate Biotechnology by adding Genovate Biotechnology to a well-diversified portfolio.
Genovate Biotechnology Valuation on November 29, 2024
It is possible to determine the worth of Genovate Biotechnology on a given historical date. On November 29, 2024 Genovate was worth 21.7 at the beginning of the trading date compared to the closed value of 21.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Genovate Biotechnology stock. Still, in general, we apply an absolute valuation method to find Genovate Biotechnology'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 Genovate Biotechnology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Genovate Biotechnology's related companies.
Open | High | Low | Close | Volume | |
21.95 | 21.95 | 21.70 | 21.70 | 62,490 | |
11/29/2024 | 21.70 | 22.00 | 21.70 | 21.85 | 94,730 |
21.90 | 21.95 | 21.85 | 21.90 | 79,633 |
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Genovate Biotechnology Trading Date Momentum on November 29, 2024
On December 02 2024 Genovate Biotechnology Co was traded for 21.90 at the closing time. The highest price during the trading period was 21.95 and the lowest recorded bid was listed for 21.85 . The volume for the day was 79.6 K. This history from December 2, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.23% . The overall trading delta to the current price is 0.23% . |
Genovate Biotechnology Fundamentals Correlations and Trends
By evaluating Genovate Biotechnology'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 Genovate Biotechnology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Genovate financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Genovate Biotechnology Stock history
Genovate Biotechnology 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 Genovate is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Genovate Biotechnology 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 Genovate Biotechnology stock prices may prove useful in developing a viable investing in Genovate Biotechnology
Genovate Biotechnology Stock Technical Analysis
Genovate Biotechnology 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
Genovate Biotechnology Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
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Genovate Biotechnology December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Genovate Biotechnology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Genovate Biotechnology shares will generate the highest return on investment. By undertsting and applying Genovate Biotechnology stock market strength indicators, traders can identify Genovate Biotechnology Co entry and exit signals to maximize returns
Genovate Biotechnology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Genovate Biotechnology's price direction in advance. Along with the technical and fundamental analysis of Genovate Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Genovate 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 | 0.0129 | |||
Jensen Alpha | (0) | |||
Total Risk Alpha | (0.10) | |||
Sortino Ratio | (0.15) | |||
Treynor Ratio | 0.0458 |
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Additional Tools for Genovate Stock Analysis
When running Genovate Biotechnology's price analysis, check to measure Genovate Biotechnology'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 Genovate Biotechnology is operating at the current time. Most of Genovate Biotechnology's value examination focuses on studying past and present price action to predict the probability of Genovate Biotechnology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genovate Biotechnology's price. Additionally, you may evaluate how the addition of Genovate Biotechnology to your portfolios can decrease your overall portfolio volatility.