Para Light (Taiwan) Price on November 25, 2024
| 6226 Stock | TWD 8.66 0.03 0.35% |
If you're considering investing in Para Stock, it is important to understand the factors that can impact its price. As of today, the current price of Para Light stands at 8.66, as last reported on the 3rd of January, with the highest price reaching 8.74 and the lowest price hitting 8.62 during the day. Para Light Electronics maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Para Light Electronics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Para Light's Coefficient Of Variation of (741.09), risk adjusted performance of (0.11), and Variance of 1.74 to confirm the risk estimate we provide.
Para Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Para |
Sharpe Ratio = -0.1349
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 6226 |
Estimated Market Risk
| 1.32 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.18 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Para Light 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 Para Light by adding Para Light to a well-diversified portfolio.
Para Light Valuation on November 25, 2024
It is possible to determine the worth of Para Light on a given historical date. On November 25, 2024 Para was worth 9.8 at the beginning of the trading date compared to the closed value of 9.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Para Light stock. Still, in general, we apply an absolute valuation method to find Para Light'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 Para Light where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Para Light's related companies.
| Open | High | Low | Close | Volume | |
| 9.68 | 9.68 | 9.58 | 9.65 | 147,307 | |
11/25/2024 | 9.80 | 9.80 | 9.66 | 9.70 | 137,746 |
| 9.70 | 9.70 | 9.60 | 9.69 | 145,825 |
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Para Light Trading Date Momentum on November 25, 2024
| On November 26 2024 Para Light Electronics was traded for 9.69 at the closing time. The highest price during the trading period was 9.70 and the lowest recorded bid was listed for 9.60 . The volume for the day was 145.8 K. This history from November 26, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.10% . The trading delta at closing time to the current price is 2.16% . |
Para Light Electronics Fundamentals Correlations and Trends
By evaluating Para Light'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 Para Light's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Para financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Para Light Stock history
Para Light 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 Para is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Para Light 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 Para Light stock prices may prove useful in developing a viable investing in Para Light
Para Light Electronics Co., Ltd. provides lighting solutions and opto-electronic components for industrial, commercial, and household applications worldwide. The company was founded in 1987 and is headquartered in New Taipei City, Taiwan. PARA LIGHT operates under Electronic Components classification in Taiwan and is traded on Taiwan Stock Exchange.
Para Light Stock Technical Analysis
Para Light 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
Para Light Period Price Range
Low | January 3, 2025
| High |
0.00 | 0.00 |
Para Light Electronics 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.
Para Light January 3, 2025 Market Strength
Market strength indicators help investors to evaluate how Para Light stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Para Light shares will generate the highest return on investment. By undertsting and applying Para Light stock market strength indicators, traders can identify Para Light Electronics entry and exit signals to maximize returns
Para Light Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Para Light's price direction in advance. Along with the technical and fundamental analysis of Para Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Para 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 | (0.11) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 8.86 |
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Additional Tools for Para Stock Analysis
When running Para Light's price analysis, check to measure Para Light'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 Para Light is operating at the current time. Most of Para Light's value examination focuses on studying past and present price action to predict the probability of Para Light's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Para Light's price. Additionally, you may evaluate how the addition of Para Light to your portfolios can decrease your overall portfolio volatility.