Daxin Materials (Taiwan) Price on December 3, 2024

5234 Stock  TWD 207.00  2.50  1.22%   
If you're considering investing in Daxin Stock, it is important to understand the factors that can impact its price. As of today, the current price of Daxin Materials stands at 207.00, as last reported on the 15th of December 2024, with the highest price reaching 207.00 and the lowest price hitting 200.50 during the day. Daxin Materials Corp secures Sharpe Ratio (or Efficiency) of -0.0173, which denotes the company had a -0.0173% return per unit of risk over the last 3 months. Daxin Materials Corp exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daxin Materials' Coefficient Of Variation of 1266.54, downside deviation of 3.64, and Mean Deviation of 2.9 to check the risk estimate we provide.
  
Daxin Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0173

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Estimated Market Risk

 3.82
  actual daily
34
66% of assets are more volatile

Expected Return

 -0.07
  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 Daxin Materials 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 Daxin Materials by adding Daxin Materials to a well-diversified portfolio.

Daxin Materials Valuation on December 3, 2024

It is possible to determine the worth of Daxin Materials on a given historical date. On December 3, 2024 Daxin was worth 201.0 at the beginning of the trading date compared to the closed value of 203.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Daxin Materials stock. Still, in general, we apply an absolute valuation method to find Daxin Materials' 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 Daxin Materials where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Daxin Materials' related companies.
 Open High Low Close Volume
  207.00    208.00    193.50    198.50    3,141,735  
12/03/2024
  201.00    205.50    198.50    203.00    1,272,625  
  203.00    215.00    203.00    213.50    2,017,121  
Backtest Daxin Materials  |  Daxin Materials History  |  Daxin Materials Valuation   PreviousNext  
Open Value
201.0
189.55
Downside
203.0
Closing Value
212.45
Upside

Daxin Materials Trading Date Momentum on December 3, 2024

On December 04 2024 Daxin Materials Corp was traded for  213.50  at the closing time. The highest price during the trading period was 215.00  and the lowest recorded bid was listed for  203.00 . The volume for the day was 2 M. This history from December 4, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 5.17% . The overall trading delta to the current price is 0.99% .

Daxin Materials Corp Fundamentals Correlations and Trends

By evaluating Daxin Materials' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Daxin Materials' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Daxin financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Daxin Materials Stock history

Daxin Materials 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 Daxin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Daxin Materials Corp 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 Daxin Materials stock prices may prove useful in developing a viable investing in Daxin Materials
Daxin Materials Corporation provides display and green energy related fine chemicals in Taiwan. The company was founded in 2006 and is headquartered in Taichung City, Taiwan. DAXIN MATERIALS operates under Specialty Chemicals classification in Taiwan and is traded on Taiwan Stock Exchange.

Daxin Materials Stock Technical Analysis

Daxin Materials 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.
A focus of Daxin Materials technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Daxin Materials trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Daxin Materials Period Price Range

Low
December 15, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Daxin Materials Corp 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.

Daxin Materials December 15, 2024 Market Strength

Market strength indicators help investors to evaluate how Daxin Materials stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daxin Materials shares will generate the highest return on investment. By undertsting and applying Daxin Materials stock market strength indicators, traders can identify Daxin Materials Corp entry and exit signals to maximize returns

Daxin Materials Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Daxin Materials' price direction in advance. Along with the technical and fundamental analysis of Daxin Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Daxin 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.

Additional Tools for Daxin Stock Analysis

When running Daxin Materials' price analysis, check to measure Daxin Materials' 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 Daxin Materials is operating at the current time. Most of Daxin Materials' value examination focuses on studying past and present price action to predict the probability of Daxin Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daxin Materials' price. Additionally, you may evaluate how the addition of Daxin Materials to your portfolios can decrease your overall portfolio volatility.