Formosa Optical (Taiwan) Price on February 27, 2024
| 5312 Stock | TWD 109.00 0.50 0.46% |
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 Optical stands at 109.00, as last reported on the 30th of December, with the highest price reaching 109.50 and the lowest price hitting 109.00 during the day. At this stage we consider Formosa Stock to be very steady. Formosa Optical Tech secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Formosa Optical Technology, which you can use to evaluate the volatility of the firm. Please confirm Formosa Optical's Coefficient Of Variation of 811.82, downside deviation of 0.7985, and Mean Deviation of 0.6511 to check if the risk estimate we provide is consistent with the expected return of 0.12%.
Formosa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Formosa |
Sharpe Ratio = 0.1232
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| Cash | 5312 | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.94 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Formosa Optical is performing at about 9% 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 Formosa Optical by adding it to a well-diversified portfolio.
Formosa Optical Valuation on February 27, 2024
It is possible to determine the worth of Formosa Optical on a given historical date. On February 27, 2024 Formosa was worth 85.31 at the beginning of the trading date compared to the closed value of 85.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Formosa Optical stock. Still, in general, we apply an absolute valuation method to find Formosa Optical'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 Formosa Optical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Formosa Optical's related companies.
| Open | High | Low | Close | Volume | |
| 83.61 | 85.87 | 83.61 | 84.55 | 251,000 | |
02/27/2024 | 85.31 | 86.44 | 85.02 | 85.68 | 213,000 |
| 86.25 | 87.86 | 85.78 | 87.67 | 331,000 |
| Backtest Formosa Optical | | | Formosa Optical History | | | Formosa Optical Valuation | Previous | Next |
Formosa Optical Trading Date Momentum on February 27, 2024
| On February 29 2024 Formosa Optical Technology was traded for 87.67 at the closing time. The highest price during the trading period was 87.86 and the lowest recorded bid was listed for 85.78 . The volume for the day was 331 K. This history from February 29, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 2.32% . The overall trading delta to the current price is 6.73% . |
Formosa Optical Tech Fundamentals Correlations and Trends
By evaluating Formosa Optical'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 Formosa Optical's 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 Optical Stock history
Formosa Optical 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 Optical Tech 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 Optical stock prices may prove useful in developing a viable investing in Formosa Optical
Formosa Optical Stock Technical Analysis
Formosa Optical 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 Optical Period Price Range
Low | December 30, 2024
| High |
0.00 | 0.00 |
Formosa Optical Technology 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.
Formosa Optical December 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Formosa Optical 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 Optical shares will generate the highest return on investment. By undertsting and applying Formosa Optical stock market strength indicators, traders can identify Formosa Optical Technology entry and exit signals to maximize returns
Formosa Optical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Formosa Optical's 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 | 0.0997 | |||
| Jensen Alpha | 0.1024 | |||
| Total Risk Alpha | 0.0796 | |||
| Sortino Ratio | 0.1046 | |||
| Treynor Ratio | 0.6999 |
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Additional Tools for Formosa Stock Analysis
When running Formosa Optical's price analysis, check to measure Formosa Optical'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 Formosa Optical is operating at the current time. Most of Formosa Optical's value examination focuses on studying past and present price action to predict the probability of Formosa Optical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Optical's price. Additionally, you may evaluate how the addition of Formosa Optical to your portfolios can decrease your overall portfolio volatility.