Formosa Laboratories (Taiwan) Price on September 1, 2023
4746 Stock | TWD 71.30 0.90 1.25% |
If you're considering investing in Formosa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Formosa Laboratories stands at 71.30, as last reported on the 15th of December 2024, with the highest price reaching 72.60 and the lowest price hitting 70.90 during the day. Formosa Laboratories secures Sharpe Ratio (or Efficiency) of -0.18, which denotes the company had a -0.18% return per unit of risk over the last 3 months. Formosa Laboratories exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosa Laboratories' Variance of 3.52, mean deviation of 1.39, and Standard Deviation of 1.88 to check the risk estimate we provide.
Formosa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Formosa |
Sharpe Ratio = -0.185
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Negative Returns | 4746 |
Estimated Market Risk
1.87 actual daily | 16 84% of assets are more volatile |
Expected Return
-0.35 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Formosa Laboratories 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 Formosa Laboratories by adding Formosa Laboratories to a well-diversified portfolio.
Formosa Laboratories Valuation on September 1, 2023
It is possible to determine the worth of Formosa Laboratories on a given historical date. On September 1, 2023 Formosa was worth 86.3 at the beginning of the trading date compared to the closed value of 87.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Formosa Laboratories stock. Still, in general, we apply an absolute valuation method to find Formosa Laboratories' 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 Formosa Laboratories where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Formosa Laboratories' related companies.
Open | High | Low | Close | Volume | |
85.30 | 87.40 | 85.00 | 85.80 | 1,758,002 | |
09/01/2023 | 86.30 | 91.50 | 86.10 | 87.70 | 6,408,010 |
88.00 | 88.00 | 86.00 | 86.10 | 2,241,999 |
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Formosa Laboratories Trading Date Momentum on September 1, 2023
On September 04 2023 Formosa Laboratories was traded for 86.10 at the closing time. The highest price during the trading period was 88.00 and the lowest recorded bid was listed for 86.00 . The volume for the day was 2.2 M. This history from September 4, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 1.82% . The overall trading delta to the current price is 2.62% . |
Formosa Laboratories Fundamentals Correlations and Trends
By evaluating Formosa Laboratories' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Formosa Laboratories' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Formosa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Formosa Laboratories Stock history
Formosa Laboratories 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 Formosa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Formosa Laboratories 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 Formosa Laboratories stock prices may prove useful in developing a viable investing in Formosa Laboratories
Formosa Laboratories, Inc. produces and sells active pharmaceutical ingredients and UV-filters worldwide. The company was founded in 1995 and is based in Taoyuan, Taiwan. FORMOSA LABORATORIES operates under Drug Manufacturers - Specialty Generic classification in Taiwan and is traded on Taiwan Stock Exchange.
Formosa Laboratories Stock Technical Analysis
Formosa Laboratories 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
Formosa Laboratories Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
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Formosa Laboratories December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Formosa Laboratories stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Formosa Laboratories shares will generate the highest return on investment. By undertsting and applying Formosa Laboratories stock market strength indicators, traders can identify Formosa Laboratories entry and exit signals to maximize returns
Formosa Laboratories Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Formosa Laboratories' price direction in advance. Along with the technical and fundamental analysis of Formosa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Formosa 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 | (0.10) | |||
Jensen Alpha | (0.31) | |||
Total Risk Alpha | (0.53) | |||
Treynor Ratio | (2.34) |
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Additional Tools for Formosa Stock Analysis
When running Formosa Laboratories' price analysis, check to measure Formosa Laboratories' 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 Formosa Laboratories is operating at the current time. Most of Formosa Laboratories' value examination focuses on studying past and present price action to predict the probability of Formosa Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Laboratories' price. Additionally, you may evaluate how the addition of Formosa Laboratories to your portfolios can decrease your overall portfolio volatility.