Fittech (Taiwan) Price on October 23, 2024

6706 Stock  TWD 154.00  0.50  0.33%   
If you're considering investing in Fittech Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fittech stands at 154.00, as last reported on the 13th of December 2024, with the highest price reaching 159.00 and the lowest price hitting 153.00 during the day. Fittech secures Sharpe Ratio (or Efficiency) of -0.0271, which denotes the company had a -0.0271% return per unit of risk over the last 3 months. Fittech Co exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fittech's Downside Deviation of 3.45, mean deviation of 3.12, and Coefficient Of Variation of 2042.04 to check the risk estimate we provide.
  
Fittech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0271

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Estimated Market Risk

 3.72
  actual daily
33
67% of assets are more volatile

Expected Return

 -0.1
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
Based on monthly moving average Fittech 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 Fittech by adding Fittech to a well-diversified portfolio.

Fittech Valuation on October 23, 2024

It is possible to determine the worth of Fittech on a given historical date. On October 23, 2024 Fittech was worth 172.04 at the beginning of the trading date compared to the closed value of 174.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fittech stock. Still, in general, we apply an absolute valuation method to find Fittech'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 Fittech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fittech's related companies.
 Open High Low Close Volume
  166.50    175.00    165.50    173.50    7,191,177  
10/23/2024
  172.04    177.97    170.55    174.02    6,489,481  
  176.98    178.96    163.14    164.13    5,093,946  
Backtest Fittech  |  Fittech History  |  Fittech Valuation   PreviousNext  
Open Value
172.04
160.87
Downside
174.02
Closing Value
183.21
Upside

Fittech Trading Date Momentum on October 23, 2024

On October 24 2024 Fittech Co was traded for  164.13  at the closing time. The highest price during the trading period was 178.96  and the lowest recorded bid was listed for  163.14 . The volume for the day was 5.1 M. This history from October 24, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 5.68% . The overall trading delta to the current price is 0.28% .

Fittech Fundamentals Correlations and Trends

By evaluating Fittech'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 Fittech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fittech financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Fittech Stock history

Fittech 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 Fittech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fittech 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 Fittech stock prices may prove useful in developing a viable investing in Fittech
,Ltd provides automatic equipment and system integration services for the optoelectronic, semiconductor, and laser industries. The company operates in Taiwan, China, and rest of Asia, as well as internationally. FITTECH operates under Specialty Industrial Machinery classification in Taiwan and is traded on Taiwan Stock Exchange.

Fittech Stock Technical Analysis

Fittech 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.
A focus of Fittech technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fittech trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Fittech Period Price Range

Low
December 13, 2024
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High

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Fittech Co 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.

Fittech December 13, 2024 Market Strength

Market strength indicators help investors to evaluate how Fittech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fittech shares will generate the highest return on investment. By undertsting and applying Fittech stock market strength indicators, traders can identify Fittech Co entry and exit signals to maximize returns

Fittech Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Fittech's price direction in advance. Along with the technical and fundamental analysis of Fittech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fittech 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.

Additional Tools for Fittech Stock Analysis

When running Fittech's price analysis, check to measure Fittech'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 Fittech is operating at the current time. Most of Fittech's value examination focuses on studying past and present price action to predict the probability of Fittech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fittech's price. Additionally, you may evaluate how the addition of Fittech to your portfolios can decrease your overall portfolio volatility.