Tong Yang (Taiwan) Price on December 2, 2024
| 1319 Stock | TWD 118.00 0.50 0.42% |
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 118.00, as last reported on the 3rd of December, with the highest price reaching 120.50 and the lowest price hitting 117.50 during the day. Tong Yang appears to be very steady, given 3 months investment horizon. Tong Yang Industry owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% 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 review Tong Yang's Semi Deviation of 1.56, coefficient of variation of 606.41, and Risk Adjusted Performance of 0.1323 to confirm if our risk estimates are consistent with your expectations.
Tong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tong |
Sharpe Ratio = 0.1749
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 1319 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.09 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.37 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Tong Yang is performing at about 13% 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 December 2, 2024
It is possible to determine the worth of Tong Yang on a given historical date. On December 2, 2024 Tong was worth 120.0 at the beginning of the trading date compared to the closed value of 118.0. 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 | |
| 116.50 | 119.50 | 115.50 | 118.50 | 4,646,675 | |
12/02/2024 | 120.00 | 120.50 | 117.50 | 118.00 | 3,666,517 |
| 120.00 | 120.50 | 117.50 | 118.00 | 0.00 |
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Tong Yang Trading Date Momentum on December 2, 2024
| On December 03 2024 Tong Yang Industry was traded for 118.00 at the closing time. The highest price during the trading period was 120.50 and the lowest recorded bid was listed for 117.50 . There was no trading activity during the period 0.0. Lack of trading volume on December 3, 2024 did not result in any price rise and fall. The trading price change to the current price is 1.69% . |
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 3, 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 3, 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 | 0.1323 | |||
| Jensen Alpha | 0.2902 | |||
| Total Risk Alpha | 0.0216 | |||
| Sortino Ratio | 0.1152 | |||
| Treynor Ratio | 0.9423 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| 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.