Magnate Technology (Taiwan) Price on October 9, 2024
| 4541 Stock | TWD 34.20 1.35 4.11% |
If you're considering investing in Magnate Stock, it is important to understand the factors that can impact its price. As of today, the current price of Magnate Technology stands at 34.20, as last reported on the 15th of December 2024, with the highest price reaching 34.45 and the lowest price hitting 33.05 during the day. Magnate Technology appears to be very steady, given 3 months investment horizon. Magnate Technology has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Magnate Technology, which you can use to evaluate the volatility of the firm. Please exercise Magnate Technology's Downside Deviation of 2.24, mean deviation of 1.99, and Risk Adjusted Performance of 0.1142 to check out if our risk estimates are consistent with your expectations.
Magnate Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Magnate |
Sharpe Ratio = 0.1401
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| Small Returns | 4541 | |||
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Estimated Market Risk
| 2.69 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.38 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Magnate Technology is performing at about 11% 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 Magnate Technology by adding it to a well-diversified portfolio.
Magnate Technology Valuation on October 9, 2024
It is possible to determine the worth of Magnate Technology on a given historical date. On October 9, 2024 Magnate was worth 29.8 at the beginning of the trading date compared to the closed value of 28.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magnate Technology stock. Still, in general, we apply an absolute valuation method to find Magnate 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 Magnate Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magnate Technology's related companies.
| Open | High | Low | Close | Volume | |
| 27.80 | 27.80 | 27.25 | 27.80 | 51,311 | |
10/09/2024 | 29.80 | 29.80 | 28.65 | 28.80 | 931,309 |
| 29.30 | 29.30 | 28.30 | 28.40 | 152,040 |
| Backtest Magnate Technology | | | Magnate Technology History | | | Magnate Technology Valuation | Previous | Next |
Magnate Technology Trading Date Momentum on October 9, 2024
| On October 11 2024 Magnate Technology Co was traded for 28.40 at the closing time. The highest price during the trading period was 29.30 and the lowest recorded bid was listed for 28.30 . The volume for the day was 152 K. This history from October 11, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.39% . The trading delta at closing time to the current price is 6.08% . |
Magnate Technology Fundamentals Correlations and Trends
By evaluating Magnate 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 Magnate Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Magnate financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Magnate Technology Stock history
Magnate 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 Magnate is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magnate Technology 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 Magnate Technology stock prices may prove useful in developing a viable investing in Magnate Technology
Magnate Technology Stock Technical Analysis
Magnate 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
Magnate Technology Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
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Magnate Technology December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Magnate 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 Magnate Technology shares will generate the highest return on investment. By undertsting and applying Magnate Technology stock market strength indicators, traders can identify Magnate Technology Co entry and exit signals to maximize returns
Magnate Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Magnate Technology's price direction in advance. Along with the technical and fundamental analysis of Magnate Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magnate 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 | 0.1142 | |||
| Jensen Alpha | 0.3331 | |||
| Total Risk Alpha | 0.0513 | |||
| Sortino Ratio | 0.1295 | |||
| Treynor Ratio | 0.7303 |
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Additional Tools for Magnate Stock Analysis
When running Magnate Technology's price analysis, check to measure Magnate 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 Magnate Technology is operating at the current time. Most of Magnate Technology's value examination focuses on studying past and present price action to predict the probability of Magnate 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 Magnate Technology's price. Additionally, you may evaluate how the addition of Magnate Technology to your portfolios can decrease your overall portfolio volatility.