Medtecs International (Taiwan) Price on September 24, 2024
9103 Stock | TWD 6.18 0.01 0.16% |
If you're considering investing in Medtecs Stock, it is important to understand the factors that can impact its price. As of today, the current price of Medtecs International stands at 6.18, as last reported on the 13th of December 2024, with the highest price reaching 6.24 and the lowest price hitting 6.18 during the day. Medtecs International has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Medtecs International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medtecs International's Risk Adjusted Performance of (0.07), mean deviation of 0.7145, and Standard Deviation of 1.03 to check out the risk estimate we provide.
Medtecs Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Medtecs |
Sharpe Ratio = -0.1559
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Estimated Market Risk
0.96 actual daily | 8 92% of assets are more volatile |
Expected Return
-0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Medtecs International 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 Medtecs International by adding Medtecs International to a well-diversified portfolio.
Medtecs International Valuation on September 24, 2024
It is possible to determine the worth of Medtecs International on a given historical date. On September 24, 2024 Medtecs was worth 6.82 at the beginning of the trading date compared to the closed value of 6.67. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Medtecs International stock. Still, in general, we apply an absolute valuation method to find Medtecs International'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 Medtecs International where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Medtecs International's related companies.
Open | High | Low | Close | Volume | |
6.75 | 6.76 | 6.66 | 6.67 | 274,029 | |
09/24/2024 | 6.82 | 6.82 | 6.66 | 6.67 | 416,030 |
6.67 | 6.72 | 6.66 | 6.67 | 238,224 |
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Medtecs International Trading Date Momentum on September 24, 2024
On September 25 2024 Medtecs International was traded for 6.67 at the closing time. The highest price during the trading period was 6.72 and the lowest recorded bid was listed for 6.66 . The volume for the day was 238.2 K. This history from September 25, 2024 did not cause price change. The trading delta at closing time to the current price is 3.30% . |
Medtecs International Fundamentals Correlations and Trends
By evaluating Medtecs International'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 Medtecs International's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Medtecs financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Medtecs International Stock history
Medtecs International 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 Medtecs is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Medtecs International 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 Medtecs International stock prices may prove useful in developing a viable investing in Medtecs International
Medtecs International Corporation Limited, an integrated healthcare products and services provider, manufactures and distributes medical consumables for healthcare distributors, pharmaceutical companies, and hospital groups worldwide. The company was founded in 1989 and is headquartered in Taipei City, Taiwan. MEDTECS INTERNATIONAL operates under Medical Devices classification in Taiwan and is traded on Taiwan Stock Exchange.
Medtecs International Stock Technical Analysis
Medtecs International 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
Medtecs International Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Medtecs International 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.
Medtecs International December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Medtecs International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Medtecs International shares will generate the highest return on investment. By undertsting and applying Medtecs International stock market strength indicators, traders can identify Medtecs International entry and exit signals to maximize returns
Medtecs International Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Medtecs International's price direction in advance. Along with the technical and fundamental analysis of Medtecs Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Medtecs 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 | (0.12) | |||
Total Risk Alpha | (0.27) | |||
Treynor Ratio | 5.84 |
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Additional Tools for Medtecs Stock Analysis
When running Medtecs International's price analysis, check to measure Medtecs International'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 Medtecs International is operating at the current time. Most of Medtecs International's value examination focuses on studying past and present price action to predict the probability of Medtecs International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medtecs International's price. Additionally, you may evaluate how the addition of Medtecs International to your portfolios can decrease your overall portfolio volatility.