Fittech (Taiwan) Price on November 20, 2024
| 6706 Stock | TWD 153.50 0.50 0.32% |
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 153.50, as last reported on the 12th of December 2024, with the highest price reaching 156.50 and the lowest price hitting 152.00 during the day. Fittech secures Sharpe Ratio (or Efficiency) of -0.0016, which denotes the company had a -0.0016% return per unit of risk over the last 3 months. Fittech Co exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fittech's Mean Deviation of 3.12, coefficient of variation of 2042.04, and Downside Deviation of 3.45 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.
Fittech |
Sharpe Ratio = -0.0016
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| Negative Returns | 6706 |
Estimated Market Risk
| 3.81 actual daily | 33 67% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 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 November 20, 2024
It is possible to determine the worth of Fittech on a given historical date. On November 20, 2024 Fittech was worth 169.0 at the beginning of the trading date compared to the closed value of 165.0. 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 | |
| 162.50 | 173.00 | 161.50 | 169.00 | 4,309,519 | |
11/20/2024 | 169.00 | 176.00 | 162.50 | 165.00 | 5,654,207 |
| 165.00 | 174.00 | 164.50 | 171.00 | 4,464,484 |
| Backtest Fittech | | | Fittech History | | | Fittech Valuation | Previous | Next |
Fittech Trading Date Momentum on November 20, 2024
| On November 21 2024 Fittech Co was traded for 171.00 at the closing time. The highest price during the trading period was 174.00 and the lowest recorded bid was listed for 164.50 . The volume for the day was 4.5 M. This history from November 21, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 3.64% . The overall trading delta to the current price is 10.30% . |
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.
Price Boundaries
Fittech Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
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 12, 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.
| Risk Adjusted Performance | 0.0436 | |||
| Jensen Alpha | 0.0868 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | 0.0209 | |||
| Treynor Ratio | 0.2143 |
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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.