Onano Industrial (Taiwan) Price on September 4, 2024
| 6405 Stock | TWD 34.35 1.00 3.00% |
If you're considering investing in Onano Stock, it is important to understand the factors that can impact its price. As of today, the current price of Onano Industrial stands at 34.35, as last reported on the 26th of December, with the highest price reaching 34.65 and the lowest price hitting 33.45 during the day. Onano Industrial Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0441, which implies the firm had a -0.0441% return per unit of risk over the last 3 months. Onano Industrial Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Onano Industrial's Coefficient Of Variation of (2,912), variance of 17.67, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide.
Onano Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Onano |
Sharpe Ratio = -0.0441
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| Negative Returns | 6405 |
Estimated Market Risk
| 4.26 actual daily | 37 63% of assets are more volatile |
Expected Return
| -0.19 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 Onano Industrial 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 Onano Industrial by adding Onano Industrial to a well-diversified portfolio.
Onano Industrial Valuation on September 4, 2024
It is possible to determine the worth of Onano Industrial on a given historical date. On September 4, 2024 Onano was worth 33.7 at the beginning of the trading date compared to the closed value of 37.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Onano Industrial stock. Still, in general, we apply an absolute valuation method to find Onano Industrial'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 Onano Industrial where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Onano Industrial's related companies.
| Open | High | Low | Close | Volume | |
| 31.80 | 34.40 | 31.55 | 34.40 | 6,039,497 | |
09/04/2024 | 33.70 | 37.80 | 32.75 | 37.80 | 12,045,103 |
| 41.50 | 41.55 | 39.65 | 41.55 | 7,240,484 |
| Backtest Onano Industrial | | | Onano Industrial History | | | Onano Industrial Valuation | Previous | Next |
Onano Industrial Trading Date Momentum on September 4, 2024
| On September 05 2024 Onano Industrial Corp was traded for 41.55 at the closing time. The highest price during the trading period was 41.55 and the lowest recorded bid was listed for 39.65 . The volume for the day was 7.2 M. This history from September 5, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 9.92% . The trading delta at closing time to the current price is 2.91% . |
Onano Industrial Corp Fundamentals Correlations and Trends
By evaluating Onano Industrial'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 Onano Industrial's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Onano financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Onano Industrial Stock history
Onano Industrial 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 Onano is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Onano Industrial Corp 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 Onano Industrial stock prices may prove useful in developing a viable investing in Onano Industrial
Onano Industrial Corp. provides opto-electronic glass slimming products in Taiwan. The company was founded in 2004 and is headquartered in Taoyuan, Taiwan. ONANO INDUSTRIAL operates under Semiconductor Equipment Materials classification in Taiwan and is traded on Taiwan Stock Exchange.
Onano Industrial Stock Technical Analysis
Onano Industrial 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
Onano Industrial Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
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Onano Industrial December 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Onano Industrial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Onano Industrial shares will generate the highest return on investment. By undertsting and applying Onano Industrial stock market strength indicators, traders can identify Onano Industrial Corp entry and exit signals to maximize returns
Onano Industrial Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Onano Industrial's price direction in advance. Along with the technical and fundamental analysis of Onano Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Onano 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 | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.36) |
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Additional Tools for Onano Stock Analysis
When running Onano Industrial's price analysis, check to measure Onano Industrial'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 Onano Industrial is operating at the current time. Most of Onano Industrial's value examination focuses on studying past and present price action to predict the probability of Onano Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onano Industrial's price. Additionally, you may evaluate how the addition of Onano Industrial to your portfolios can decrease your overall portfolio volatility.