Drewloong Precision (Taiwan) Price on September 26, 2024
If you're considering investing in Drewloong Stock, it is important to understand the factors that can impact its price. Drewloong Precision secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the company had a -0.1% return per unit of standard deviation over the last 3 months. Drewloong Precision exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Drewloong Precision's Mean Deviation of 0.7301, standard deviation of 1.1, and Coefficient Of Variation of (999.67) to check the risk estimate we provide.
Drewloong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Drewloong |
Sharpe Ratio = -0.1
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 4572 |
Estimated Market Risk
| 1.1 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.11 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 Drewloong Precision 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 Drewloong Precision by adding Drewloong Precision to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Drewloong Precision Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Drewloong Precision 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.
Drewloong Precision December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Drewloong Precision stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Drewloong Precision shares will generate the highest return on investment. By undertsting and applying Drewloong Precision stock market strength indicators, traders can identify Drewloong Precision entry and exit signals to maximize returns
Drewloong Precision Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Drewloong Precision's price direction in advance. Along with the technical and fundamental analysis of Drewloong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Drewloong 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 | (0.07) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.47) |
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Additional Tools for Drewloong Stock Analysis
When running Drewloong Precision's price analysis, check to measure Drewloong Precision'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 Drewloong Precision is operating at the current time. Most of Drewloong Precision's value examination focuses on studying past and present price action to predict the probability of Drewloong Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Drewloong Precision's price. Additionally, you may evaluate how the addition of Drewloong Precision to your portfolios can decrease your overall portfolio volatility.