Asia Plastic (Taiwan) Price on November 12, 2024

1337 Stock  TWD 6.92  0.04  0.58%   
If you're considering investing in Asia Stock, it is important to understand the factors that can impact its price. As of today, the current price of Asia Plastic stands at 6.92, as last reported on the 30th of November, with the highest price reaching 6.94 and the lowest price hitting 6.86 during the day. Asia Plastic Recycling secures Sharpe Ratio (or Efficiency) of -0.0328, which signifies that the company had a -0.0328% return per unit of risk over the last 3 months. Asia Plastic Recycling exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Plastic's Risk Adjusted Performance of (0.02), standard deviation of 1.24, and Mean Deviation of 0.8526 to double-check the risk estimate we provide.
  
Asia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0328

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Estimated Market Risk

 1.25
  actual daily
11
89% of assets are more volatile

Expected Return

 -0.04
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
Based on monthly moving average Asia Plastic 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 Asia Plastic by adding Asia Plastic to a well-diversified portfolio.

Asia Plastic Valuation on November 12, 2024

It is possible to determine the worth of Asia Plastic on a given historical date. On November 12, 2024 Asia was worth 6.96 at the beginning of the trading date compared to the closed value of 6.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Asia Plastic stock. Still, in general, we apply an absolute valuation method to find Asia Plastic'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 Asia Plastic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Asia Plastic's related companies.
 Open High Low Close Volume
  6.80    7.00    6.80    6.96    480,231  
11/12/2024
  6.96    6.97    6.88    6.97    240,979  
  6.98    6.98    6.92    6.95    164,193  
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Open Value
6.96
6.97
Closing Value
10.72
Upside

Asia Plastic Trading Date Momentum on November 12, 2024

On November 13 2024 Asia Plastic Recycling was traded for  6.95  at the closing time. The highest price during the trading period was 6.98  and the lowest recorded bid was listed for  6.92 . The volume for the day was 164.2 K. This history from November 13, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.29% . The overall trading delta to the current price is 0.72% .

Asia Plastic Recycling Fundamentals Correlations and Trends

By evaluating Asia Plastic'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 Asia Plastic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Asia financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Asia Plastic Stock history

Asia Plastic 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 Asia is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Asia Plastic Recycling 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 Asia Plastic stock prices may prove useful in developing a viable investing in Asia Plastic
Asia Plastic Recycling Holding Limited engages in the waste plastic scrap recycling business in China. Asia Plastic Recycling Holding Limited is headquartered in Jinjiang, China. ASIA PLASTIC operates under Rubber Plastics classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 923 people.

Asia Plastic Stock Technical Analysis

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

Asia Plastic Period Price Range

Low
November 30, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Asia Plastic Recycling 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.

Asia Plastic November 30, 2024 Market Strength

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

Asia Plastic Technical and Predictive Indicators

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

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