Songwon Industrial (Korea) Price on November 6, 2024
| 004430 Stock | 12,540 90.00 0.71% |
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 12,540, as last reported on the 25th of February, with the highest price reaching 12,590 and the lowest price hitting 12,350 during the day. Songwon Industrial appears to be very steady, given 3 months investment horizon. Songwon Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Songwon Industrial Co, which you can use to evaluate the volatility of the company. Please review Songwon Industrial's Semi Deviation of 1.95, risk adjusted performance of 0.0879, and Coefficient Of Variation of 906.8 to confirm if our risk estimates are consistent with your expectations.
Songwon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Songwon |
Sharpe Ratio = 0.1356
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| Small Returns | 004430 | |||
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Estimated Market Risk
| 2.41 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Songwon Industrial is performing at about 10% of its full potential. 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 it to a well-diversified portfolio.
Songwon Industrial Valuation on November 6, 2024
It is possible to determine the worth of Songwon Industrial on a given historical date. On November 6, 2024 Songwon was worth 12980.0 at the beginning of the trading date compared to the closed value of 13580.0. 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 | |
| 12,690 | 12,980 | 12,620 | 12,920 | 30,404 | |
11/06/2024 | 12,980 | 13,740 | 12,810 | 13,580 | 181,096 |
| 13,510 | 13,790 | 13,150 | 13,650 | 97,296 |
| Backtest Songwon Industrial | | | Songwon Industrial History | | | Songwon Industrial Valuation | Previous | Next |
Songwon Industrial Trading Date Momentum on November 6, 2024
| On November 07 2024 Songwon Industrial Co was traded for 13,650 at the closing time. The highest price during the trading period was 13,790 and the lowest recorded bid was listed for 13,150 . The volume for the day was 97.3 K. This history from November 7, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 0.52% . The trading price change to the current price is 23.42% . |
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.
Price Boundaries
Songwon Industrial Period Price Range
Low | February 25, 2025
| 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 February 25, 2025 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.
| Risk Adjusted Performance | 0.0879 | |||
| Jensen Alpha | 0.2503 | |||
| Total Risk Alpha | 0.2686 | |||
| Sortino Ratio | 0.1144 | |||
| Treynor Ratio | (0.49) |
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| Volatility Indicators | ||
| Volume Indicators |
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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