Woorim Machinery (Korea) Price on June 3, 2024
101170 Stock | KRW 5,270 100.00 1.86% |
If you're considering investing in Woorim Stock, it is important to understand the factors that can impact its price. As of today, the current price of Woorim Machinery stands at 5,270, as last reported on the 23rd of November, with the highest price reaching 5,410 and the lowest price hitting 5,270 during the day. Woorim Machinery shows Sharpe Ratio of -0.0867, which attests that the company had a -0.0867% return per unit of risk over the last 3 months. Woorim Machinery exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Woorim Machinery's Standard Deviation of 2.54, mean deviation of 2.03, and Market Risk Adjusted Performance of (0.80) to validate the risk estimate we provide.
Woorim Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Woorim |
Sharpe Ratio = -0.0867
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Estimated Market Risk
2.47 actual daily | 21 79% of assets are more volatile |
Expected Return
-0.21 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Woorim Machinery 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 Woorim Machinery by adding Woorim Machinery to a well-diversified portfolio.
Woorim Machinery Valuation on June 3, 2024
It is possible to determine the worth of Woorim Machinery on a given historical date. On June 3, 2024 Woorim was worth 5840.0 at the beginning of the trading date compared to the closed value of 7180.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Woorim Machinery stock. Still, in general, we apply an absolute valuation method to find Woorim Machinery'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 Woorim Machinery where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Woorim Machinery's related companies.
Open | High | Low | Close | Volume | |
5,660 | 5,850 | 5,650 | 5,840 | 115,594 | |
06/03/2024 | 5,840 | 7,340 | 5,800 | 7,180 | 4,565,190 |
7,070 | 7,750 | 6,000 | 6,150 | 3,648,287 |
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Woorim Machinery Trading Date Momentum on June 3, 2024
On June 04 2024 Woorim Machinery Co was traded for 6,150 at the closing time. The highest price during the trading period was 7,750 and the lowest recorded bid was listed for 6,000 . The volume for the day was 3.6 M. This history from June 4, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 14.35% . The trading price change to the current price is 3.76% . |
Woorim Machinery Fundamentals Correlations and Trends
By evaluating Woorim Machinery'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 Woorim Machinery's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Woorim financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Woorim Machinery Stock history
Woorim Machinery 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 Woorim is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Woorim Machinery 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 Woorim Machinery stock prices may prove useful in developing a viable investing in Woorim Machinery
Woorim Machinery Co., Ltd. manufactures and sells gears and speed reducers worldwide. Woorim Machinery Co., Ltd. was founded in 1976 and is based in Changwon, South Korea. WOORIM is traded on Korean Securities Dealers Automated Quotations in South Korea.
Woorim Machinery Stock Technical Analysis
Woorim Machinery 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
Woorim Machinery Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Woorim Machinery 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.
Woorim Machinery November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Woorim Machinery stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Woorim Machinery shares will generate the highest return on investment. By undertsting and applying Woorim Machinery stock market strength indicators, traders can identify Woorim Machinery Co entry and exit signals to maximize returns
Woorim Machinery Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Woorim Machinery's price direction in advance. Along with the technical and fundamental analysis of Woorim Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Woorim 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 | (0.05) | |||
Jensen Alpha | (0.23) | |||
Total Risk Alpha | (0.60) | |||
Treynor Ratio | (0.81) |
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Complementary Tools for Woorim Stock analysis
When running Woorim Machinery's price analysis, check to measure Woorim Machinery'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 Woorim Machinery is operating at the current time. Most of Woorim Machinery's value examination focuses on studying past and present price action to predict the probability of Woorim Machinery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Woorim Machinery's price. Additionally, you may evaluate how the addition of Woorim Machinery to your portfolios can decrease your overall portfolio volatility.
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