Tongyang (Korea) Price on November 24, 2024
| 001525 Stock | 4,205 40.00 0.94% |
If you're considering investing in Tongyang Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tongyang stands at 4,205, as last reported on the 28th of November, with the highest price reaching 4,295 and the lowest price hitting 4,165 during the day. Tongyang owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.01, which indicates the firm had a -0.01% return per unit of risk over the last 3 months. Tongyang exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tongyang's Coefficient Of Variation of (12,130), risk adjusted performance of 0.0019, and Variance of 19.5 to confirm the risk estimate we provide.
Tongyang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tongyang |
Sharpe Ratio = -0.01
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| Negative Returns | 001525 |
Estimated Market Risk
| 4.37 actual daily | 38 62% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tongyang 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 Tongyang by adding Tongyang to a well-diversified portfolio.
Tongyang Valuation on November 24, 2024
It is possible to determine the worth of Tongyang on a given historical date. On November 24, 2024 Tongyang was worth 4160.0 at the beginning of the trading date compared to the closed value of 4415.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tongyang stock. Still, in general, we apply an absolute valuation method to find Tongyang'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 Tongyang where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tongyang's related companies.
| Open | High | Low | Close | Volume | |
| 4,210 | 4,210 | 4,030 | 4,160 | 6,641 | |
11/22/2024 | 4,160 | 4,425 | 4,160 | 4,415 | 988.00 |
| 4,415 | 4,785 | 4,315 | 4,590 | 2,138 |
| Backtest Tongyang | | | Tongyang History | Previous | Next |
Tongyang Trading Date Momentum on November 24, 2024
| On November 25 2024 Tongyang was traded for 4,590 at the closing time. The highest price during the trading period was 4,785 and the lowest recorded bid was listed for 4,315 . The volume for the day was 2.1 K. This history from November 25, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 3.96% . The trading price change to the current price is 3.96% . |
Price Boundaries
Tongyang Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Tongyang cannot be verified against its exchange. Please verify the symbol is currently traded on Korea 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.
Tongyang November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Tongyang stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tongyang shares will generate the highest return on investment. By undertsting and applying Tongyang stock market strength indicators, traders can identify Tongyang entry and exit signals to maximize returns
Tongyang Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tongyang's price direction in advance. Along with the technical and fundamental analysis of Tongyang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tongyang 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 | 0.0019 | |||
| Jensen Alpha | 0.0917 | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 0.0388 |
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Tongyang Stock analysis
When running Tongyang's price analysis, check to measure Tongyang'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 Tongyang is operating at the current time. Most of Tongyang's value examination focuses on studying past and present price action to predict the probability of Tongyang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tongyang's price. Additionally, you may evaluate how the addition of Tongyang to your portfolios can decrease your overall portfolio volatility.
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