Promate Electronic (Taiwan) Price on October 25, 2024
6189 Stock | TWD 80.80 0.90 1.10% |
If you're considering investing in Promate Stock, it is important to understand the factors that can impact its price. As of today, the current price of Promate Electronic stands at 80.80, as last reported on the 15th of December 2024, with the highest price reaching 81.70 and the lowest price hitting 80.60 during the day. Promate Electronic maintains Sharpe Ratio (i.e., Efficiency) of -0.036, which implies the firm had a -0.036% return per unit of risk over the last 3 months. Promate Electronic exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Promate Electronic's Variance of 1.8, coefficient of variation of (13,771), and Risk Adjusted Performance of (0.0007) to confirm the risk estimate we provide.
Promate Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Promate |
Sharpe Ratio = -0.036
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Negative Returns | 6189 |
Estimated Market Risk
1.34 actual daily | 11 89% of assets are more volatile |
Expected Return
-0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Promate Electronic 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 Promate Electronic by adding Promate Electronic to a well-diversified portfolio.
Promate Electronic Valuation on October 25, 2024
It is possible to determine the worth of Promate Electronic on a given historical date. On October 25, 2024 Promate was worth 84.9 at the beginning of the trading date compared to the closed value of 84.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Promate Electronic stock. Still, in general, we apply an absolute valuation method to find Promate Electronic'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 Promate Electronic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Promate Electronic's related companies.
Open | High | Low | Close | Volume | |
88.20 | 88.30 | 85.40 | 85.40 | 1,707,866 | |
10/25/2024 | 84.90 | 86.00 | 84.60 | 84.60 | 1,035,937 |
84.60 | 85.20 | 83.60 | 84.00 | 615,548 |
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Promate Electronic Trading Date Momentum on October 25, 2024
On October 28 2024 Promate Electronic Co was traded for 84.00 at the closing time. The highest price during the trading period was 85.20 and the lowest recorded bid was listed for 83.60 . The volume for the day was 615.5 K. This history from October 28, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.71% . The trading delta at closing time to the current price is 0.47% . |
Promate Electronic Fundamentals Correlations and Trends
By evaluating Promate Electronic'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 Promate Electronic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Promate financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Promate Electronic Stock history
Promate Electronic 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 Promate is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Promate Electronic 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 Promate Electronic stock prices may prove useful in developing a viable investing in Promate Electronic
,Ltd. operates as a franchised distributor of semi-conductor products in Taiwan and internationally. ,Ltd. was founded in 1986 and is headquartered in Taipei, Taiwan. PROMATE ELECTRONIC is traded on Taiwan Stock Exchange in Taiwan.
Promate Electronic Stock Technical Analysis
Promate Electronic 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
Promate Electronic Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Promate Electronic Co 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.
Promate Electronic December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Promate Electronic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Promate Electronic shares will generate the highest return on investment. By undertsting and applying Promate Electronic stock market strength indicators, traders can identify Promate Electronic Co entry and exit signals to maximize returns
Promate Electronic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Promate Electronic's price direction in advance. Along with the technical and fundamental analysis of Promate Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Promate 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 | (0.0007) | |||
Jensen Alpha | (0.05) | |||
Total Risk Alpha | (0.19) | |||
Treynor Ratio | (0.07) |
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Additional Tools for Promate Stock Analysis
When running Promate Electronic's price analysis, check to measure Promate Electronic'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 Promate Electronic is operating at the current time. Most of Promate Electronic's value examination focuses on studying past and present price action to predict the probability of Promate Electronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Promate Electronic's price. Additionally, you may evaluate how the addition of Promate Electronic to your portfolios can decrease your overall portfolio volatility.