Cheng Fwa (Taiwan) Price on September 15, 2023
| 5426 Stock | TWD 32.30 0.90 2.71% |
If you're considering investing in Cheng Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cheng Fwa stands at 32.30, as last reported on the 14th of December 2024, with the highest price reaching 33.55 and the lowest price hitting 32.15 during the day. Cheng Fwa appears to be not too volatile, given 3 months investment horizon. Cheng Fwa Industrial secures Sharpe Ratio (or Efficiency) of 0.0982, which signifies that the company had a 0.0982% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Cheng Fwa Industrial, which you can use to evaluate the volatility of the firm. Please makes use of Cheng Fwa's mean deviation of 2.4, and Risk Adjusted Performance of 0.0925 to double-check if our risk estimates are consistent with your expectations.
Cheng Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cheng |
Sharpe Ratio = 0.0982
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
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| Small Returns | 5426 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.41 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Cheng Fwa is performing at about 7% 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 Cheng Fwa by adding it to a well-diversified portfolio.
Cheng Fwa Valuation on September 15, 2023
It is possible to determine the worth of Cheng Fwa on a given historical date. On September 15, 2023 Cheng was worth 13.5 at the beginning of the trading date compared to the closed value of 13.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cheng Fwa stock. Still, in general, we apply an absolute valuation method to find Cheng Fwa'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 Cheng Fwa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cheng Fwa's related companies.
| Open | High | Low | Close | Volume | |
| 12.95 | 14.00 | 12.95 | 13.65 | 6,233,000 | |
09/15/2023 | 13.50 | 13.65 | 13.15 | 13.25 | 1,211,000 |
| 13.10 | 13.40 | 13.05 | 13.35 | 752,000 |
| Backtest Cheng Fwa | | | Cheng Fwa History | | | Cheng Fwa Valuation | Previous | Next |
Cheng Fwa Trading Date Momentum on September 15, 2023
| On September 18 2023 Cheng Fwa Industrial was traded for 13.35 at the closing time. The highest price during the trading period was 13.40 and the lowest recorded bid was listed for 13.05 . The volume for the day was 752 K. This history from September 18, 2023 contributed to the next trading day price increase. The daily price change to the next closing price was 0.75% . The overall trading delta to the current price is 1.13% . |
Cheng Fwa Industrial Fundamentals Correlations and Trends
By evaluating Cheng Fwa'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 Cheng Fwa's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cheng financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cheng Fwa Stock history
Cheng Fwa 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 Cheng is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cheng Fwa Industrial 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 Cheng Fwa stock prices may prove useful in developing a viable investing in Cheng Fwa
Cheng Fwa Stock Technical Analysis
Cheng Fwa 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
Cheng Fwa Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Cheng Fwa Industrial 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.
Cheng Fwa December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Cheng Fwa stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cheng Fwa shares will generate the highest return on investment. By undertsting and applying Cheng Fwa stock market strength indicators, traders can identify Cheng Fwa Industrial entry and exit signals to maximize returns
Cheng Fwa Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cheng Fwa's price direction in advance. Along with the technical and fundamental analysis of Cheng Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cheng 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 | 0.0925 | |||
| Jensen Alpha | 0.403 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1094 | |||
| Treynor Ratio | (1.68) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Cheng Stock Analysis
When running Cheng Fwa's price analysis, check to measure Cheng Fwa'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 Cheng Fwa is operating at the current time. Most of Cheng Fwa's value examination focuses on studying past and present price action to predict the probability of Cheng Fwa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cheng Fwa's price. Additionally, you may evaluate how the addition of Cheng Fwa to your portfolios can decrease your overall portfolio volatility.