Formosa Plastics (Taiwan) Price on July 30, 2024

1301 Stock  TWD 43.95  0.15  0.34%   
If you're considering investing in Formosa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Formosa Plastics stands at 43.95, as last reported on the 26th of November, with the highest price reaching 44.55 and the lowest price hitting 43.80 during the day. Formosa Plastics Corp secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Formosa Plastics Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosa Plastics' Mean Deviation of 1.49, variance of 4.64, and Standard Deviation of 2.16 to check the risk estimate we provide.
  
Formosa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1072

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Estimated Market Risk

 2.22
  actual daily
19
81% of assets are more volatile

Expected Return

 -0.24
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average Formosa Plastics 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 Formosa Plastics by adding Formosa Plastics to a well-diversified portfolio.

Formosa Plastics Valuation on July 30, 2024

It is possible to determine the worth of Formosa Plastics on a given historical date. On July 30, 2024 Formosa was worth 58.9 at the beginning of the trading date compared to the closed value of 57.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Formosa Plastics stock. Still, in general, we apply an absolute valuation method to find Formosa Plastics' 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 Formosa Plastics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Formosa Plastics' related companies.
 Open High Low Close Volume
  59.00    59.20    58.50    58.80    7,928,622  
07/30/2024
  58.90    58.90    57.60    57.90    7,415,056  
  57.80    58.20    57.50    57.90    7,595,005  
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Open Value
58.9
57.9
Closing Value
65.55
Upside

Formosa Plastics Trading Date Momentum on July 30, 2024

On July 31 2024 Formosa Plastics Corp was traded for  57.90  at the closing time. The highest price during the trading period was 58.20  and the lowest recorded bid was listed for  57.50 . The volume for the day was 7.6 M. This history from July 31, 2024 did not affect price variability. The overall trading delta to the current price is 7.43% .

Formosa Plastics Corp Fundamentals Correlations and Trends

By evaluating Formosa Plastics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Formosa Plastics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Formosa financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Formosa Plastics Stock history

Formosa Plastics 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 Formosa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Formosa Plastics Corp 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 Formosa Plastics stock prices may prove useful in developing a viable investing in Formosa Plastics
Formosa Plastics Corporation produces and sells intermediate raw materials for plastics in Taiwan, Mainland China, and internationally. The company was founded in 1954 and is headquartered in Kaohsiung City, Taiwan. FORMOSA PLASTIC operates under Rubber And Plastics classification in Taiwan and is traded on Taiwan Stock Exchange.

Formosa Plastics Stock Technical Analysis

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

Formosa Plastics Period Price Range

Low
November 26, 2024
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High

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Formosa Plastics Corp cannot be verified against its exchange. Please verify the symbol is currently traded on Taiwan 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.

Formosa Plastics November 26, 2024 Market Strength

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

Formosa Plastics Technical and Predictive Indicators

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

Additional Tools for Formosa Stock Analysis

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