WooriNet (Korea) Price on September 10, 2024
115440 Stock | KRW 6,900 10.00 0.15% |
If you're considering investing in WooriNet Stock, it is important to understand the factors that can impact its price. As of today, the current price of WooriNet stands at 6,900, as last reported on the 1st of December, with the highest price reaching 6,960 and the lowest price hitting 6,810 during the day. WooriNet shows Sharpe Ratio of -0.0059, which attests that the company had a -0.0059% return per unit of risk over the last 3 months. WooriNet exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WooriNet's Market Risk Adjusted Performance of (0.21), mean deviation of 2.02, and Standard Deviation of 3.35 to validate the risk estimate we provide.
WooriNet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
WooriNet |
Sharpe Ratio = -0.0059
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Negative Returns | 115440 |
Estimated Market Risk
3.48 actual daily | 30 70% of assets are more volatile |
Expected Return
-0.02 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 WooriNet 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 WooriNet by adding WooriNet to a well-diversified portfolio.
WooriNet Valuation on September 10, 2024
It is possible to determine the worth of WooriNet on a given historical date. On September 10, 2024 WooriNet was worth 6950.0 at the beginning of the trading date compared to the closed value of 6690.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of WooriNet stock. Still, in general, we apply an absolute valuation method to find WooriNet'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 WooriNet where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against WooriNet's related companies.
Open | High | Low | Close | Volume | |
6,840 | 7,100 | 6,810 | 6,930 | 80,080 | |
09/10/2024 | 6,950 | 7,010 | 6,660 | 6,690 | 63,915 |
6,680 | 6,760 | 6,590 | 6,620 | 77,002 |
Backtest WooriNet | | | WooriNet History | | | WooriNet Valuation | Previous | Next |
WooriNet Trading Date Momentum on September 10, 2024
On September 11 2024 WooriNet was traded for 6,620 at the closing time. The highest price during the trading period was 6,760 and the lowest recorded bid was listed for 6,590 . The volume for the day was 77 K. This history from September 11, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.05% . The trading price change to the current price is 2.54% . |
WooriNet Fundamentals Correlations and Trends
By evaluating WooriNet'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 WooriNet's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. WooriNet financial account trend analysis is a perfect complement when working with valuation or volatility modules.About WooriNet Stock history
WooriNet 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 WooriNet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in WooriNet 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 WooriNet stock prices may prove useful in developing a viable investing in WooriNet
WooriNet, Inc. designs, manufactures, and supplies fiber optics transmission and wireline access network systems to telecommunications service providers in South Korea. The company was founded in 2000 and is based in Anyang, South Korea. WooriNet is traded on Korean Securities Dealers Automated Quotations in South Korea.
WooriNet Stock Technical Analysis
WooriNet 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
WooriNet Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
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WooriNet December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how WooriNet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading WooriNet shares will generate the highest return on investment. By undertsting and applying WooriNet stock market strength indicators, traders can identify WooriNet entry and exit signals to maximize returns
WooriNet Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for WooriNet's price direction in advance. Along with the technical and fundamental analysis of WooriNet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of WooriNet 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 | (0.15) | |||
Total Risk Alpha | (0.65) | |||
Treynor Ratio | (0.22) |
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Pattern Recognition | ||
Price Transform | ||
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Volume Indicators |
Complementary Tools for WooriNet Stock analysis
When running WooriNet's price analysis, check to measure WooriNet'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 WooriNet is operating at the current time. Most of WooriNet's value examination focuses on studying past and present price action to predict the probability of WooriNet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WooriNet's price. Additionally, you may evaluate how the addition of WooriNet to your portfolios can decrease your overall portfolio volatility.
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