Polytronics Technology (Taiwan) Price on December 15, 2024
| 6224 Stock | TWD 59.00 1.80 2.96% |
If you're considering investing in Polytronics Stock, it is important to understand the factors that can impact its price. As of today, the current price of Polytronics Technology stands at 59.00, as last reported on the 15th of December 2024, with the highest price reaching 61.10 and the lowest price hitting 59.00 during the day. Polytronics Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.0283, which implies the firm had a -0.0283% return per unit of risk over the last 3 months. Polytronics Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Polytronics Technology's Risk Adjusted Performance of 0.0061, variance of 11.66, and Coefficient Of Variation of (40,626) to confirm the risk estimate we provide.
Polytronics Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Polytronics |
Sharpe Ratio = -0.0283
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| Negative Returns | 6224 |
Estimated Market Risk
| 3.42 actual daily | 30 70% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Polytronics Technology 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 Polytronics Technology by adding Polytronics Technology to a well-diversified portfolio.
Polytronics Technology Valuation on December 15, 2024
It is possible to determine the worth of Polytronics Technology on a given historical date. On December 15, 2024 Polytronics was worth 60.8 at the beginning of the trading date compared to the closed value of 59.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Polytronics Technology stock. Still, in general, we apply an absolute valuation method to find Polytronics Technology'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 Polytronics Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Polytronics Technology's related companies.
| Open | High | Low | Close | Volume | |
| 60.80 | 61.10 | 59.00 | 59.00 | 433,440 | |
12/15/2024 | 60.80 | 61.10 | 59.00 | 59.00 | 0.00 |
| Backtest Polytronics Technology | | | Polytronics Technology History | | | Polytronics Technology Valuation | Previous |
Polytronics Technology Trading Date Momentum on December 15, 2024
| On December 15 2024 Polytronics Technology Corp was traded for 59.00 at the closing time. The highest price during the trading period was 61.10 and the lowest recorded bid was listed for 59.00 . There was no trading activity during the period 0.0. Lack of trading volume on December 15, 2024 did not cause price change. The trading delta at closing time to the current price is 3.05% . |
Polytronics Technology Fundamentals Correlations and Trends
By evaluating Polytronics Technology'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 Polytronics Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Polytronics financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Polytronics Technology Stock history
Polytronics Technology 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 Polytronics is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Polytronics Technology 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 Polytronics Technology stock prices may prove useful in developing a viable investing in Polytronics Technology
Polytronics Technology Corp. designs, develops, manufactures, and sells circuit protection and thermal management devices for the safety and reliability of high density electronics systems. Polytronics Technology Corp. was founded in 1997 and is based in Hsinchu, Taiwan. POLYTRONICS TECHNOLOGY operates under Electronic Components classification in Taiwan and is traded on Taiwan Stock Exchange.
Polytronics Technology Stock Technical Analysis
Polytronics Technology 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
Polytronics Technology Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Polytronics Technology 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.
Polytronics Technology December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Polytronics Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Polytronics Technology shares will generate the highest return on investment. By undertsting and applying Polytronics Technology stock market strength indicators, traders can identify Polytronics Technology Corp entry and exit signals to maximize returns
Polytronics Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Polytronics Technology's price direction in advance. Along with the technical and fundamental analysis of Polytronics Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Polytronics 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 | 0.0061 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.08) |
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Additional Tools for Polytronics Stock Analysis
When running Polytronics Technology's price analysis, check to measure Polytronics Technology'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 Polytronics Technology is operating at the current time. Most of Polytronics Technology's value examination focuses on studying past and present price action to predict the probability of Polytronics Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Polytronics Technology's price. Additionally, you may evaluate how the addition of Polytronics Technology to your portfolios can decrease your overall portfolio volatility.