Nien Hsing (Taiwan) Price on October 1, 2024
| 1451 Stock | TWD 20.90 0.10 0.48% |
If you're considering investing in Nien Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nien Hsing stands at 20.90, as last reported on the 27th of November, with the highest price reaching 20.95 and the lowest price hitting 20.75 during the day. At this stage we consider Nien Stock to be very steady. Nien Hsing Textile has Sharpe Ratio of 0.0818, which conveys that the firm had a 0.0818% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nien Hsing, which you can use to evaluate the volatility of the firm. Please verify Nien Hsing's Risk Adjusted Performance of 0.0591, mean deviation of 0.5535, and Downside Deviation of 0.6975 to check out if the risk estimate we provide is consistent with the expected return of 0.0618%.
Nien Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nien |
Sharpe Ratio = 0.0818
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Estimated Market Risk
| 0.75 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Nien Hsing is performing at about 6% 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 Nien Hsing by adding it to a well-diversified portfolio.
Nien Hsing Valuation on October 1, 2024
It is possible to determine the worth of Nien Hsing on a given historical date. On October 1, 2024 Nien was worth 20.2 at the beginning of the trading date compared to the closed value of 20.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nien Hsing stock. Still, in general, we apply an absolute valuation method to find Nien Hsing'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 Nien Hsing where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nien Hsing's related companies.
| Open | High | Low | Close | Volume | |
| 20.00 | 20.30 | 20.00 | 20.30 | 127,914 | |
10/01/2024 | 20.20 | 20.30 | 20.10 | 20.25 | 80,774 |
| 20.25 | 20.25 | 20.25 | 20.25 | 1.00 |
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Nien Hsing Trading Date Momentum on October 1, 2024
| On October 02 2024 Nien Hsing Textile was traded for 20.25 at the closing time. The highest price during the trading period was 20.25 and the lowest recorded bid was listed for 20.25 . There was no trading activity during the period 1.0. Lack of trading volume on October 2, 2024 did not cause price change. The trading delta at closing time to the current price is 0.25% . |
Nien Hsing Textile Fundamentals Correlations and Trends
By evaluating Nien Hsing'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 Nien Hsing's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nien financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nien Hsing Stock history
Nien Hsing 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 Nien is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nien Hsing 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 Nien Hsing stock prices may prove useful in developing a viable investing in Nien Hsing
Nien Hsing Textile Co., Ltd. manufactures and sells yarns, denim fabrics, jeans, and knitwear worldwide. The company was founded in 1986 and is headquartered in Taipei City, Taiwan. NIEN HSING is traded on Taiwan Stock Exchange in Taiwan.
Nien Hsing Stock Technical Analysis
Nien Hsing 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
Nien Hsing Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Nien Hsing 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.
Nien Hsing November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Nien Hsing stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nien Hsing shares will generate the highest return on investment. By undertsting and applying Nien Hsing stock market strength indicators, traders can identify Nien Hsing Textile entry and exit signals to maximize returns
Nien Hsing Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nien Hsing's price direction in advance. Along with the technical and fundamental analysis of Nien Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nien 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 | 0.0591 | |||
| Jensen Alpha | 0.0486 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | (12.03) |
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Additional Tools for Nien Stock Analysis
When running Nien Hsing's price analysis, check to measure Nien Hsing'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 Nien Hsing is operating at the current time. Most of Nien Hsing's value examination focuses on studying past and present price action to predict the probability of Nien Hsing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nien Hsing's price. Additionally, you may evaluate how the addition of Nien Hsing to your portfolios can decrease your overall portfolio volatility.