Hong Yi (Taiwan) Price on December 2, 2024
1452 Stock | TWD 16.00 0.15 0.95% |
If you're considering investing in Hong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hong Yi stands at 16.00, as last reported on the 2nd of December, with the highest price reaching 16.20 and the lowest price hitting 15.80 during the day. Hong Yi Fiber holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Hong Yi Fiber exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hong Yi's Risk Adjusted Performance of (0.10), standard deviation of 0.7626, and Market Risk Adjusted Performance of (0.83) to validate the risk estimate we provide.
Hong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Hong |
Sharpe Ratio = -0.1258
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Estimated Market Risk
0.78 actual daily | 6 94% of assets are more volatile |
Expected Return
-0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hong Yi 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 Hong Yi by adding Hong Yi to a well-diversified portfolio.
Hong Yi Valuation on December 2, 2024
It is possible to determine the worth of Hong Yi on a given historical date. On December 2, 2024 Hong was worth 15.8 at the beginning of the trading date compared to the closed value of 16.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hong Yi stock. Still, in general, we apply an absolute valuation method to find Hong Yi'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 Hong Yi where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hong Yi's related companies.
Open | High | Low | Close | Volume | |
15.80 | 16.20 | 15.80 | 16.00 | 101,015 | |
12/02/2024 | 15.80 | 16.20 | 15.80 | 16.00 | 0.00 |
Backtest Hong Yi | | | Hong Yi History | | | Hong Yi Valuation | Previous |
Hong Yi Trading Date Momentum on December 2, 2024
On December 02 2024 Hong Yi Fiber was traded for 16.00 at the closing time. The highest price during the trading period was 16.20 and the lowest recorded bid was listed for 15.80 . There was no trading activity during the period 0.0. Lack of trading volume on December 2, 2024 did not cause price change. The trading delta at closing time to the current price is 1.25% . |
Hong Yi Fiber Fundamentals Correlations and Trends
By evaluating Hong Yi'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 Hong Yi's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hong financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hong Yi Stock history
Hong Yi 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 Hong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hong Yi Fiber 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 Hong Yi stock prices may prove useful in developing a viable investing in Hong Yi
Co., Ltd. manufactures and sells polyester textured yarns in Taiwan. The company was founded in 1968 and is based in Taipei City, Taiwan. HONG YI operates under Textile Manufacturing classification in Taiwan and is traded on Taiwan Stock Exchange.
Hong Yi Stock Technical Analysis
Hong Yi 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
Hong Yi Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Hong Yi Fiber 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.
Hong Yi December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Hong Yi stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hong Yi shares will generate the highest return on investment. By undertsting and applying Hong Yi stock market strength indicators, traders can identify Hong Yi Fiber entry and exit signals to maximize returns
Hong Yi Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hong Yi's price direction in advance. Along with the technical and fundamental analysis of Hong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hong 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 | (0.10) | |||
Jensen Alpha | (0.13) | |||
Total Risk Alpha | (0.24) | |||
Treynor Ratio | (0.84) |
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Volume Indicators |
Additional Tools for Hong Stock Analysis
When running Hong Yi's price analysis, check to measure Hong Yi'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 Hong Yi is operating at the current time. Most of Hong Yi's value examination focuses on studying past and present price action to predict the probability of Hong Yi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hong Yi's price. Additionally, you may evaluate how the addition of Hong Yi to your portfolios can decrease your overall portfolio volatility.