Carnival Industrial (Taiwan) Price on September 24, 2024
1417 Stock | TWD 9.98 0.01 0.10% |
If you're considering investing in Carnival Stock, it is important to understand the factors that can impact its price. As of today, the current price of Carnival Industrial stands at 9.98, as last reported on the 27th of November, with the highest price reaching 9.99 and the lowest price hitting 9.98 during the day. Carnival Industrial Corp secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of risk over the last 3 months. Carnival Industrial Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Carnival Industrial's Risk Adjusted Performance of (0.13), mean deviation of 0.645, and Standard Deviation of 0.8883 to double-check the risk estimate we provide.
Carnival Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Carnival |
Sharpe Ratio = -0.189
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Negative Returns | 1417 |
Estimated Market Risk
0.89 actual daily | 7 93% of assets are more volatile |
Expected Return
-0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Carnival Industrial 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 Carnival Industrial by adding Carnival Industrial to a well-diversified portfolio.
Carnival Industrial Valuation on September 24, 2024
It is possible to determine the worth of Carnival Industrial on a given historical date. On September 24, 2024 Carnival was worth 10.55 at the beginning of the trading date compared to the closed value of 10.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Carnival Industrial stock. Still, in general, we apply an absolute valuation method to find Carnival Industrial'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 Carnival Industrial where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Carnival Industrial's related companies.
Open | High | Low | Close | Volume | |
10.50 | 10.55 | 10.50 | 10.55 | 159,538 | |
09/24/2024 | 10.55 | 10.55 | 10.35 | 10.40 | 321,285 |
10.40 | 10.45 | 10.25 | 10.30 | 839,355 |
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Carnival Industrial Trading Date Momentum on September 24, 2024
On September 25 2024 Carnival Industrial Corp was traded for 10.30 at the closing time. The highest price during the trading period was 10.45 and the lowest recorded bid was listed for 10.25 . The volume for the day was 839.4 K. This history from September 25, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.96% . The overall trading delta to the current price is 0.48% . |
Carnival Industrial Corp Fundamentals Correlations and Trends
By evaluating Carnival Industrial'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 Carnival Industrial's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Carnival financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Carnival Industrial Stock history
Carnival Industrial 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 Carnival is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Carnival Industrial 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 Carnival Industrial stock prices may prove useful in developing a viable investing in Carnival Industrial
Carnival Industrial Corporation engages in the apparel business in Taiwan and internationally. The company was founded in 1969 as Carnival Textile Industrial Corp. and changed its name to Carnival Industrial Corporation in 1997. CARNIVAL is traded on Taiwan Stock Exchange in Taiwan.
Carnival Industrial Stock Technical Analysis
Carnival Industrial 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
Carnival Industrial Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Carnival Industrial 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.
Carnival Industrial November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Carnival Industrial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Carnival Industrial shares will generate the highest return on investment. By undertsting and applying Carnival Industrial stock market strength indicators, traders can identify Carnival Industrial Corp entry and exit signals to maximize returns
Carnival Industrial Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Carnival Industrial's price direction in advance. Along with the technical and fundamental analysis of Carnival Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Carnival 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 | (0.13) | |||
Jensen Alpha | (0.14) | |||
Total Risk Alpha | (0.30) | |||
Treynor Ratio | 0.7065 |
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Additional Tools for Carnival Stock Analysis
When running Carnival Industrial's price analysis, check to measure Carnival Industrial'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 Carnival Industrial is operating at the current time. Most of Carnival Industrial's value examination focuses on studying past and present price action to predict the probability of Carnival Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carnival Industrial's price. Additionally, you may evaluate how the addition of Carnival Industrial to your portfolios can decrease your overall portfolio volatility.