Medeon Biodesign (Taiwan) Price on June 27, 2024
| 6499 Stock | TWD 39.80 0.20 0.50% |
If you're considering investing in Medeon Stock, it is important to understand the factors that can impact its price. As of today, the current price of Medeon Biodesign stands at 39.80, as last reported on the 24th of December, with the highest price reaching 40.10 and the lowest price hitting 39.80 during the day. Medeon Biodesign has Sharpe Ratio of -0.0898, which conveys that the firm had a -0.0898% return per unit of risk over the last 3 months. Medeon Biodesign exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medeon Biodesign's Mean Deviation of 1.06, risk adjusted performance of (0.07), and Standard Deviation of 1.61 to check out the risk estimate we provide.
Medeon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Medeon |
Sharpe Ratio = -0.0898
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| Negative Returns | 6499 |
Estimated Market Risk
| 1.64 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Medeon Biodesign 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 Medeon Biodesign by adding Medeon Biodesign to a well-diversified portfolio.
Medeon Biodesign Valuation on June 27, 2024
It is possible to determine the worth of Medeon Biodesign on a given historical date. On June 27, 2024 Medeon was worth 51.3 at the beginning of the trading date compared to the closed value of 50.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Medeon Biodesign stock. Still, in general, we apply an absolute valuation method to find Medeon Biodesign'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 Medeon Biodesign where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Medeon Biodesign's related companies.
| Open | High | Low | Close | Volume | |
| 51.20 | 51.50 | 50.70 | 51.10 | 230,735 | |
06/27/2024 | 51.30 | 51.80 | 50.50 | 50.60 | 169,248 |
| 50.90 | 51.50 | 50.50 | 51.00 | 188,711 |
| Backtest Medeon Biodesign | | | Medeon Biodesign History | | | Medeon Biodesign Valuation | Previous | Next |
Medeon Biodesign Trading Date Momentum on June 27, 2024
| On June 28 2024 Medeon Biodesign was traded for 51.00 at the closing time. The highest price during the trading period was 51.50 and the lowest recorded bid was listed for 50.50 . The volume for the day was 188.7 K. This history from June 28, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.79% . The trading delta at closing time to the current price is 1.78% . |
Medeon Biodesign Fundamentals Correlations and Trends
By evaluating Medeon Biodesign'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 Medeon Biodesign's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Medeon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Medeon Biodesign Stock history
Medeon Biodesign 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 Medeon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Medeon Biodesign 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 Medeon Biodesign stock prices may prove useful in developing a viable investing in Medeon Biodesign
Medeon Biodesign Stock Technical Analysis
Medeon Biodesign 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
Medeon Biodesign Period Price Range
Low | December 24, 2024
| High |
0.00 | 0.00 |
Medeon Biodesign 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.
Medeon Biodesign December 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Medeon Biodesign stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Medeon Biodesign shares will generate the highest return on investment. By undertsting and applying Medeon Biodesign stock market strength indicators, traders can identify Medeon Biodesign entry and exit signals to maximize returns
Medeon Biodesign Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Medeon Biodesign's price direction in advance. Along with the technical and fundamental analysis of Medeon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Medeon 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 | (0.07) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (1.20) |
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Additional Tools for Medeon Stock Analysis
When running Medeon Biodesign's price analysis, check to measure Medeon Biodesign'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 Medeon Biodesign is operating at the current time. Most of Medeon Biodesign's value examination focuses on studying past and present price action to predict the probability of Medeon Biodesign's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medeon Biodesign's price. Additionally, you may evaluate how the addition of Medeon Biodesign to your portfolios can decrease your overall portfolio volatility.