Tong Yang (Taiwan) Price on November 28, 2024
| 1319 Stock | TWD 110.50 0.50 0.45% |
If you're considering investing in Tong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tong Yang stands at 110.50, as last reported on the 11th of December 2024, with the highest price reaching 112.00 and the lowest price hitting 109.00 during the day. At this stage we consider Tong Stock to be very steady. Tong Yang Industry owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0507, which indicates the firm had a 0.0507% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tong Yang Industry, which you can use to evaluate the volatility of the company. Please validate Tong Yang's Coefficient Of Variation of 1680.83, risk adjusted performance of 0.0494, and Semi Deviation of 1.69 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%.
Tong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tong |
Sharpe Ratio = 0.0507
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| Cash | Small Risk | 1319 | High Risk | Huge Risk |
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Estimated Market Risk
| 1.98 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Tong Yang is performing at about 3% 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 Tong Yang by adding it to a well-diversified portfolio.
Tong Yang Valuation on November 28, 2024
It is possible to determine the worth of Tong Yang on a given historical date. On November 28, 2024 Tong was worth 115.5 at the beginning of the trading date compared to the closed value of 117.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tong Yang stock. Still, in general, we apply an absolute valuation method to find Tong Yang'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 Tong Yang where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tong Yang's related companies.
| Open | High | Low | Close | Volume | |
| 117.50 | 120.50 | 114.50 | 114.50 | 12,505,988 | |
11/28/2024 | 115.50 | 119.00 | 114.00 | 117.50 | 8,297,255 |
| 116.50 | 119.50 | 115.50 | 118.50 | 4,646,675 |
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Tong Yang Trading Date Momentum on November 28, 2024
| On November 29 2024 Tong Yang Industry was traded for 118.50 at the closing time. The highest price during the trading period was 119.50 and the lowest recorded bid was listed for 115.50 . The volume for the day was 4.6 M. This history from November 29, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.85% . The trading price change to the current price is 1.70% . |
Tong Yang Industry Fundamentals Correlations and Trends
By evaluating Tong Yang'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 Tong Yang's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tong financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tong Yang Stock history
Tong Yang 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 Tong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tong Yang Industry 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 Tong Yang stock prices may prove useful in developing a viable investing in Tong Yang
,Ltd. manufactures and sells automobile and motorcycle components in Taiwan, China, the United States, and Europe. The company was founded in 1952 and is based in Tainan City, Taiwan. TONG YANG is traded on Taiwan Stock Exchange in Taiwan.
Tong Yang Stock Technical Analysis
Tong Yang 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
Tong Yang Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Tong Yang Industry 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.
Tong Yang December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Tong Yang stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tong Yang shares will generate the highest return on investment. By undertsting and applying Tong Yang stock market strength indicators, traders can identify Tong Yang Industry entry and exit signals to maximize returns
Tong Yang Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tong Yang's price direction in advance. Along with the technical and fundamental analysis of Tong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tong 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 | 0.0494 | |||
| Jensen Alpha | 0.058 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.2434 |
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| Volume Indicators |
Additional Tools for Tong Stock Analysis
When running Tong Yang's price analysis, check to measure Tong Yang'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 Tong Yang is operating at the current time. Most of Tong Yang's value examination focuses on studying past and present price action to predict the probability of Tong Yang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tong Yang's price. Additionally, you may evaluate how the addition of Tong Yang to your portfolios can decrease your overall portfolio volatility.