TMP Steel (Taiwan) Price on March 28, 2024
6248 Stock | TWD 28.55 0.05 0.17% |
If you're considering investing in TMP Stock, it is important to understand the factors that can impact its price. As of today, the current price of TMP Steel stands at 28.55, as last reported on the 4th of December, with the highest price reaching 28.65 and the lowest price hitting 28.45 during the day. TMP Steel owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0849, which indicates the firm had a -0.0849% return per unit of standard deviation over the last 3 months. TMP Steel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TMP Steel's variance of 1.91, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide.
TMP Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
TMP |
Sharpe Ratio = -0.0849
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Negative Returns | 6248 |
Estimated Market Risk
1.37 actual daily | 12 88% of assets are more volatile |
Expected Return
-0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average TMP Steel 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 TMP Steel by adding TMP Steel to a well-diversified portfolio.
TMP Steel Valuation on March 28, 2024
It is possible to determine the worth of TMP Steel on a given historical date. On March 28, 2024 TMP was worth 33.2 at the beginning of the trading date compared to the closed value of 34.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of TMP Steel stock. Still, in general, we apply an absolute valuation method to find TMP Steel'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 TMP Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against TMP Steel's related companies.
Open | High | Low | Close | Volume | |
32.95 | 33.20 | 32.70 | 33.05 | 721,000 | |
03/28/2024 | 33.20 | 34.85 | 33.20 | 34.25 | 1,931,000 |
34.30 | 34.60 | 33.45 | 33.55 | 689,000 |
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TMP Steel Trading Date Momentum on March 28, 2024
On March 29 2024 TMP Steel was traded for 33.55 at the closing time. The highest price during the trading period was 34.60 and the lowest recorded bid was listed for 33.45 . The volume for the day was 689 K. This history from March 29, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.04% . The trading price change to the current price is 0.73% . |
TMP Steel Fundamentals Correlations and Trends
By evaluating TMP Steel'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 TMP Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. TMP financial account trend analysis is a perfect complement when working with valuation or volatility modules.About TMP Steel Stock history
TMP Steel 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 TMP is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in TMP Steel 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 TMP Steel stock prices may prove useful in developing a viable investing in TMP Steel
TMP Steel Stock Technical Analysis
TMP Steel 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
TMP Steel Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
TMP Steel 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.
TMP Steel December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how TMP Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TMP Steel shares will generate the highest return on investment. By undertsting and applying TMP Steel stock market strength indicators, traders can identify TMP Steel entry and exit signals to maximize returns
TMP Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for TMP Steel's price direction in advance. Along with the technical and fundamental analysis of TMP Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of TMP 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 | (0.09) | |||
Jensen Alpha | (0.23) | |||
Total Risk Alpha | (0.37) | |||
Treynor Ratio | (0.41) |
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Additional Tools for TMP Stock Analysis
When running TMP Steel's price analysis, check to measure TMP Steel'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 TMP Steel is operating at the current time. Most of TMP Steel's value examination focuses on studying past and present price action to predict the probability of TMP Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TMP Steel's price. Additionally, you may evaluate how the addition of TMP Steel to your portfolios can decrease your overall portfolio volatility.