Songwon Industrial (Korea) Price on February 2, 2024

004430 Stock   10,900  180.00  1.68%   
If you're considering investing in Songwon Stock, it is important to understand the factors that can impact its price. As of today, the current price of Songwon Industrial stands at 10,900, as last reported on the 23rd of November, with the highest price reaching 10,970 and the lowest price hitting 10,800 during the day. Songwon Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0147, which indicates the firm had a -0.0147% return per unit of risk over the last 3 months. Songwon Industrial Co exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Songwon Industrial's Risk Adjusted Performance of 0.0164, coefficient of variation of 8812.88, and Semi Deviation of 2.86 to confirm the risk estimate we provide.
  
Songwon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0147

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Estimated Market Risk

 3.45
  actual daily
30
70% of assets are more volatile

Expected Return

 -0.05
  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 Songwon Industrial 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 Songwon Industrial by adding Songwon Industrial to a well-diversified portfolio.

Songwon Industrial Valuation on February 2, 2024

It is possible to determine the worth of Songwon Industrial on a given historical date. On February 2, 2024 Songwon was worth 15710.0 at the beginning of the trading date compared to the closed value of 15750.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Songwon Industrial stock. Still, in general, we apply an absolute valuation method to find Songwon Industrial'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 Songwon Industrial where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Songwon Industrial's related companies.
 Open High Low Close Volume
  15,280    15,610    15,210    15,590    101,147  
02/02/2024
  15,710    15,830    15,650    15,750    74,968  
  15,910    16,140    15,790    15,880    77,093  
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Open Value
15710.0
15,700
Downside
15750.0
Closing Value
15,720
Upside

Songwon Industrial Trading Date Momentum on February 2, 2024

On February 05 2024 Songwon Industrial Co was traded for  15,880  at the closing time. The highest price during the trading period was 16,140  and the lowest recorded bid was listed for  15,790 . The volume for the day was 77.1 K. This history from February 5, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 0.83% . The trading price change to the current price is 0.25% .

About Songwon Industrial Stock history

Songwon Industrial 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 Songwon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Songwon Industrial 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 Songwon Industrial stock prices may prove useful in developing a viable investing in Songwon Industrial

Songwon Industrial Stock Technical Analysis

Songwon Industrial 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 Songwon Industrial technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Songwon Industrial 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

Songwon Industrial Period Price Range

Low
November 23, 2024
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High

 0.00 

     

 0.00 

Songwon Industrial Co cannot be verified against its exchange. Please verify the symbol is currently traded on KOSDAQ. 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.

Songwon Industrial November 23, 2024 Market Strength

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

Songwon Industrial Technical and Predictive Indicators

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

Complementary Tools for Songwon Stock analysis

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