Icares Medicus (Taiwan) Price on December 25, 2024
| 6612 Stock | TWD 122.50 1.00 0.81% |
If you're considering investing in Icares Stock, it is important to understand the factors that can impact its price. As of today, the current price of Icares Medicus stands at 122.50, as last reported on the 26th of December, with the highest price reaching 123.50 and the lowest price hitting 120.50 during the day. Icares Medicus holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Icares Medicus exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Icares Medicus' Risk Adjusted Performance of (0.15), standard deviation of 1.92, and Market Risk Adjusted Performance of (2.17) to validate the risk estimate we provide.
Icares Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Icares |
Sharpe Ratio = -0.1854
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| Negative Returns | 6612 |
Estimated Market Risk
| 1.94 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.36 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Icares Medicus 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 Icares Medicus by adding Icares Medicus to a well-diversified portfolio.
Icares Medicus Valuation on December 25, 2024
It is possible to determine the worth of Icares Medicus on a given historical date. On December 25, 2024 Icares was worth 123.0 at the beginning of the trading date compared to the closed value of 122.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Icares Medicus stock. Still, in general, we apply an absolute valuation method to find Icares Medicus' 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 Icares Medicus where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Icares Medicus' related companies.
| Open | High | Low | Close | Volume | |
| 120.50 | 124.00 | 120.00 | 123.50 | 38,775 | |
12/25/2024 | 123.00 | 123.50 | 120.50 | 122.50 | 49,559 |
| Backtest Icares Medicus | | | Icares Medicus History | | | Icares Medicus Valuation | Previous |
Icares Medicus Trading Date Momentum on December 25, 2024
| On December 25 2024 Icares Medicus was traded for 122.50 at the closing time. The highest price during the trading period was 123.50 and the lowest recorded bid was listed for 120.50 . The volume for the day was 49.6 K. This history from December 25, 2024 did not cause price change. The trading delta at closing time to the current price is 0.41% . |
Icares Medicus Fundamentals Correlations and Trends
By evaluating Icares Medicus' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Icares Medicus' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Icares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Icares Medicus Stock history
Icares Medicus 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 Icares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Icares Medicus 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 Icares Medicus stock prices may prove useful in developing a viable investing in Icares Medicus
ICARES Medicus, Inc. engages in the research and development, manufacture, and sale of ophthalmic medical materials. The company was founded in 2011 and is based in Zhubei, Taiwan. ICARES MEDICUS is traded on Taiwan OTC Exchange in Taiwan.
Icares Medicus Stock Technical Analysis
Icares Medicus 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
Icares Medicus Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
Icares Medicus 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.
Icares Medicus December 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Icares Medicus stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Icares Medicus shares will generate the highest return on investment. By undertsting and applying Icares Medicus stock market strength indicators, traders can identify Icares Medicus entry and exit signals to maximize returns
Icares Medicus Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Icares Medicus' price direction in advance. Along with the technical and fundamental analysis of Icares Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Icares 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 | (0.15) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (2.18) |
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Additional Tools for Icares Stock Analysis
When running Icares Medicus' price analysis, check to measure Icares Medicus' 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 Icares Medicus is operating at the current time. Most of Icares Medicus' value examination focuses on studying past and present price action to predict the probability of Icares Medicus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Icares Medicus' price. Additionally, you may evaluate how the addition of Icares Medicus to your portfolios can decrease your overall portfolio volatility.