Tung Ho (Taiwan) Price on October 4, 2023
| 1414 Stock | TWD 22.55 0.20 0.89% |
If you're considering investing in Tung Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tung Ho stands at 22.55, as last reported on the 24th of November, with the highest price reaching 23.20 and the lowest price hitting 22.25 during the day. At this stage we consider Tung Stock to be very steady. Tung Ho Textile owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0324, which indicates the firm had a 0.0324% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tung Ho Textile, which you can use to evaluate the volatility of the company. Please validate Tung Ho's Risk Adjusted Performance of 0.0311, coefficient of variation of 2943.95, and Semi Deviation of 1.48 to confirm if the risk estimate we provide is consistent with the expected return of 0.0507%.
Tung Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tung |
Sharpe Ratio = 0.0324
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| Cash | Small Risk | 1414 | High Risk | Huge Risk |
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Estimated Market Risk
| 1.56 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Tung Ho is performing at about 2% 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 Tung Ho by adding it to a well-diversified portfolio.
Tung Ho Valuation on October 4, 2023
It is possible to determine the worth of Tung Ho on a given historical date. On October 4, 2023 Tung was worth 17.6 at the beginning of the trading date compared to the closed value of 17.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tung Ho stock. Still, in general, we apply an absolute valuation method to find Tung Ho'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 Tung Ho where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tung Ho's related companies.
| Open | High | Low | Close | Volume | |
| 17.55 | 17.65 | 17.50 | 17.55 | 174,369 | |
10/04/2023 | 17.60 | 17.70 | 17.45 | 17.70 | 174,177 |
| 17.70 | 17.70 | 17.50 | 17.50 | 159,003 |
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Tung Ho Trading Date Momentum on October 4, 2023
| On October 05 2023 Tung Ho Textile was traded for 17.50 at the closing time. The highest price during the trading period was 17.70 and the lowest recorded bid was listed for 17.50 . The volume for the day was 159 K. This history from October 5, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 1.13% . The trading price change to the current price is 1.13% . |
Tung Ho Textile Fundamentals Correlations and Trends
By evaluating Tung Ho'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 Tung Ho's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tung financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tung Ho Stock history
Tung Ho 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 Tung is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tung Ho Textile 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 Tung Ho stock prices may prove useful in developing a viable investing in Tung Ho
Tung Ho Textile Co., Ltd. develops, manufactures, and sells textile materials in Taiwan. The company was founded in 1959 and is based in Taipei, Taiwan. TUNG HOTEXTILE operates under Textile Manufacturing classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 246 people.
Tung Ho Stock Technical Analysis
Tung Ho 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
Tung Ho Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Tung Ho Textile 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.
Tung Ho November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Tung Ho stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tung Ho shares will generate the highest return on investment. By undertsting and applying Tung Ho stock market strength indicators, traders can identify Tung Ho Textile entry and exit signals to maximize returns
Tung Ho Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tung Ho's price direction in advance. Along with the technical and fundamental analysis of Tung Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tung 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 | 0.0311 | |||
| Jensen Alpha | 0.0504 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.68) |
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| Volume Indicators |
Additional Tools for Tung Stock Analysis
When running Tung Ho's price analysis, check to measure Tung Ho'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 Tung Ho is operating at the current time. Most of Tung Ho's value examination focuses on studying past and present price action to predict the probability of Tung Ho's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tung Ho's price. Additionally, you may evaluate how the addition of Tung Ho to your portfolios can decrease your overall portfolio volatility.