Taekwang Ind (Korea) Price on November 22, 2024
| 003240 Stock | 632,000 3,000 0.47% |
If you're considering investing in Taekwang Stock, it is important to understand the factors that can impact its price. As of today, the current price of Taekwang Ind stands at 632,000, as last reported on the 24th of January, with the highest price reaching 637,000 and the lowest price hitting 626,000 during the day. Taekwang Ind owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.017, which indicates the firm had a -0.017 % return per unit of risk over the last 3 months. Taekwang Ind exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taekwang Ind's Risk Adjusted Performance of (0.01), variance of 3.14, and Coefficient Of Variation of (4,329) to confirm the risk estimate we provide.
Taekwang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Taekwang |
Sharpe Ratio = -0.017
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 003240 |
Estimated Market Risk
| 1.76 actual daily | 15 85% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Taekwang Ind 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 Taekwang Ind by adding Taekwang Ind to a well-diversified portfolio.
Taekwang Ind Valuation on November 22, 2024
It is possible to determine the worth of Taekwang Ind on a given historical date. On November 22, 2024 Taekwang was worth 658000.0 at the beginning of the trading date compared to the closed value of 658000.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Taekwang Ind stock. Still, in general, we apply an absolute valuation method to find Taekwang Ind'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 Taekwang Ind where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Taekwang Ind's related companies.
| Open | High | Low | Close | Volume | |
| 662,000 | 662,000 | 647,000 | 658,000 | 902.00 | |
11/22/2024 | 658,000 | 664,000 | 654,000 | 658,000 | 245.00 |
| 661,000 | 664,000 | 616,000 | 616,000 | 6,590 |
| Backtest Taekwang Ind | | | Taekwang Ind History | | | Taekwang Ind Valuation | Previous | Next |
Taekwang Ind Trading Date Momentum on November 22, 2024
| On November 25 2024 Taekwang Ind was traded for 616,000 at the closing time. The highest price during the trading period was 664,000 and the lowest recorded bid was listed for 616,000 . The volume for the day was 6.6 K. This history from November 25, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 6.38% . The trading price change to the current price is 5.17% . |
Taekwang Ind Fundamentals Correlations and Trends
By evaluating Taekwang Ind'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 Taekwang Ind's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Taekwang financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Taekwang Ind Stock history
Taekwang Ind 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 Taekwang is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Taekwang Ind 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 Taekwang Ind stock prices may prove useful in developing a viable investing in Taekwang Ind
Taekwang Ind Stock Technical Analysis
Taekwang Ind 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
Taekwang Ind Period Price Range
Low | January 24, 2025
| High |
0.00 | 0.00 |
Taekwang Ind 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.
Taekwang Ind January 24, 2025 Market Strength
Market strength indicators help investors to evaluate how Taekwang Ind stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Taekwang Ind shares will generate the highest return on investment. By undertsting and applying Taekwang Ind stock market strength indicators, traders can identify Taekwang Ind entry and exit signals to maximize returns
Taekwang Ind Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Taekwang Ind's price direction in advance. Along with the technical and fundamental analysis of Taekwang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Taekwang 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 | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.8056 |
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Taekwang Stock analysis
When running Taekwang Ind's price analysis, check to measure Taekwang Ind'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 Taekwang Ind is operating at the current time. Most of Taekwang Ind's value examination focuses on studying past and present price action to predict the probability of Taekwang Ind's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taekwang Ind's price. Additionally, you may evaluate how the addition of Taekwang Ind to your portfolios can decrease your overall portfolio volatility.
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