Song Shang (Taiwan) Price on December 12, 2024
| 6156 Stock | TWD 29.75 0.05 0.17% |
If you're considering investing in Song Stock, it is important to understand the factors that can impact its price. As of today, the current price of Song Shang stands at 29.75, as last reported on the 4th of March, with the highest price reaching 30.20 and the lowest price hitting 29.15 during the day. At this stage we consider Song Stock to be very steady. Song Shang Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0393, which indicates the firm had a 0.0393 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Song Shang Electronics, which you can use to evaluate the volatility of the company. Please validate Song Shang's Risk Adjusted Performance of 0.0359, coefficient of variation of 2547.42, and Semi Deviation of 1.66 to confirm if the risk estimate we provide is consistent with the expected return of 0.0707%.
Song Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Song |
Sharpe Ratio = 0.0393
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | 6156 | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.8 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Song Shang is performing at about 3% 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 Song Shang by adding it to a well-diversified portfolio.
Song Shang Valuation on December 12, 2024
It is possible to determine the worth of Song Shang on a given historical date. On December 12, 2024 Song was worth 28.15 at the beginning of the trading date compared to the closed value of 27.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Song Shang stock. Still, in general, we apply an absolute valuation method to find Song Shang'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 Song Shang where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Song Shang's related companies.
| Open | High | Low | Close | Volume | |
| 27.95 | 28.70 | 27.90 | 28.10 | 1,754,000 | |
12/12/2024 | 28.15 | 28.30 | 27.60 | 27.85 | 658,000 |
| 27.75 | 27.75 | 26.80 | 26.85 | 1,234,000 |
| Backtest Song Shang | | | Song Shang History | | | Song Shang Valuation | Previous | Next |
Song Shang Trading Date Momentum on December 12, 2024
| On December 13 2024 Song Shang Electronics was traded for 26.85 at the closing time. The highest price during the trading period was 27.75 and the lowest recorded bid was listed for 26.80 . The volume for the day was 1.2 M. This history from December 13, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.59% . The trading price change to the current price is 6.10% . |
Song Shang Electronics Fundamentals Correlations and Trends
By evaluating Song Shang'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 Song Shang's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Song financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Song Shang Stock history
Song Shang 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 Song is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Song Shang Electronics 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 Song Shang stock prices may prove useful in developing a viable investing in Song Shang
Song Shang Electronics Co., Ltd. manufactures and sells magnetic components, printed circuit boards, and LED products. Song Shang Electronics Co., Ltd. was founded in 1988 and is based in New Taipei City, Taiwan. SONG SHANG operates under Electronic Components classification in Taiwan and is traded on Taiwan OTC Exchange.
Song Shang Stock Technical Analysis
Song Shang 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
Song Shang Period Price Range
Low | March 4, 2025
| High |
0.00 | 0.00 |
Song Shang Electronics 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.
Song Shang March 4, 2025 Market Strength
Market strength indicators help investors to evaluate how Song Shang stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Song Shang shares will generate the highest return on investment. By undertsting and applying Song Shang stock market strength indicators, traders can identify Song Shang Electronics entry and exit signals to maximize returns
Song Shang Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Song Shang's price direction in advance. Along with the technical and fundamental analysis of Song Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Song 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 | 0.0359 | |||
| Jensen Alpha | 0.033 | |||
| Total Risk Alpha | 0.2674 | |||
| Sortino Ratio | 0.0836 | |||
| Treynor Ratio | (0.19) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Song Stock Analysis
When running Song Shang's price analysis, check to measure Song Shang'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 Song Shang is operating at the current time. Most of Song Shang's value examination focuses on studying past and present price action to predict the probability of Song Shang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Song Shang's price. Additionally, you may evaluate how the addition of Song Shang to your portfolios can decrease your overall portfolio volatility.