Cowealth Medical (Taiwan) Price on October 7, 2024
4745 Stock | TWD 20.30 0.25 1.22% |
If you're considering investing in Cowealth Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cowealth Medical stands at 20.30, as last reported on the 13th of December 2024, with the highest price reaching 20.70 and the lowest price hitting 20.30 during the day. Cowealth Medical Holding secures Sharpe Ratio (or Efficiency) of -0.0097, which signifies that the company had a -0.0097% return per unit of risk over the last 3 months. Cowealth Medical Holding exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cowealth Medical's Risk Adjusted Performance of 0.0048, mean deviation of 1.07, and Standard Deviation of 2.09 to double-check the risk estimate we provide.
Cowealth Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cowealth |
Sharpe Ratio = -0.0097
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Negative Returns | 4745 |
Estimated Market Risk
2.14 actual daily | 19 81% of assets are more volatile |
Expected Return
-0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cowealth Medical 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 Cowealth Medical by adding Cowealth Medical to a well-diversified portfolio.
Cowealth Medical Valuation on October 7, 2024
It is possible to determine the worth of Cowealth Medical on a given historical date. On October 7, 2024 Cowealth was worth 27.3 at the beginning of the trading date compared to the closed value of 24.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cowealth Medical stock. Still, in general, we apply an absolute valuation method to find Cowealth Medical'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 Cowealth Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cowealth Medical's related companies.
Open | High | Low | Close | Volume | |
23.20 | 24.85 | 23.00 | 24.85 | 752,836 | |
10/07/2024 | 27.30 | 27.30 | 24.55 | 24.85 | 3,582,000 |
25.00 | 25.45 | 24.00 | 24.20 | 457,378 |
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Cowealth Medical Trading Date Momentum on October 7, 2024
On October 08 2024 Cowealth Medical Holding was traded for 24.20 at the closing time. The highest price during the trading period was 25.45 and the lowest recorded bid was listed for 24.00 . The volume for the day was 457.4 K. This history from October 8, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.62% . The overall trading delta to the current price is 7.65% . |
Cowealth Medical Holding Fundamentals Correlations and Trends
By evaluating Cowealth Medical'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 Cowealth Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cowealth financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cowealth Medical Stock history
Cowealth Medical 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 Cowealth is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cowealth Medical Holding 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 Cowealth Medical stock prices may prove useful in developing a viable investing in Cowealth Medical
Cowealth Medical Holding Co., Ltd. operates as a medical distribution company primarily in the diagnostic clinical laboratory field in Greater China market. Cowealth Medical Holding Co., Ltd. was founded in 1997 and is based in Shanghai, China. COWEALTH MEDICAL operates under Medical Devices classification in Taiwan and is traded on Taiwan OTC Exchange.
Cowealth Medical Stock Technical Analysis
Cowealth Medical 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
Cowealth Medical Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Cowealth Medical Holding 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.
Cowealth Medical December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Cowealth Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cowealth Medical shares will generate the highest return on investment. By undertsting and applying Cowealth Medical stock market strength indicators, traders can identify Cowealth Medical Holding entry and exit signals to maximize returns
Cowealth Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cowealth Medical's price direction in advance. Along with the technical and fundamental analysis of Cowealth Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cowealth 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 | 0.0048 | |||
Jensen Alpha | (0.05) | |||
Total Risk Alpha | (0.31) | |||
Treynor Ratio | (0.05) |
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Additional Tools for Cowealth Stock Analysis
When running Cowealth Medical's price analysis, check to measure Cowealth Medical'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 Cowealth Medical is operating at the current time. Most of Cowealth Medical's value examination focuses on studying past and present price action to predict the probability of Cowealth Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cowealth Medical's price. Additionally, you may evaluate how the addition of Cowealth Medical to your portfolios can decrease your overall portfolio volatility.