Basso Industry (Taiwan) Price on July 17, 2023

1527 Stock  TWD 42.70  0.15  0.35%   
If you're considering investing in Basso Stock, it is important to understand the factors that can impact its price. As of today, the current price of Basso Industry stands at 42.70, as last reported on the 30th of November, with the highest price reaching 42.75 and the lowest price hitting 42.50 during the day. Basso Industry Corp secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Basso Industry Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Basso Industry's Standard Deviation of 1.59, mean deviation of 1.19, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide.
  
Basso Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1092

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Estimated Market Risk

 1.56
  actual daily
13
87% of assets are more volatile

Expected Return

 -0.17
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average Basso Industry 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 Basso Industry by adding Basso Industry to a well-diversified portfolio.

Basso Industry Valuation on July 17, 2023

It is possible to determine the worth of Basso Industry on a given historical date. On July 17, 2023 Basso was worth 41.7 at the beginning of the trading date compared to the closed value of 41.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Basso Industry stock. Still, in general, we apply an absolute valuation method to find Basso Industry'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 Basso Industry where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Basso Industry's related companies.
 Open High Low Close Volume
  41.80    41.95    41.70    41.75    242,941  
07/17/2023
  41.70    41.70    41.40    41.50    725,100  
  41.55    41.55    41.15    41.30    680,000  
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Open Value
41.7
41.5
Closing Value
46.38
Upside

Basso Industry Trading Date Momentum on July 17, 2023

On July 18 2023 Basso Industry Corp was traded for  41.30  at the closing time. The highest price during the trading period was 41.55  and the lowest recorded bid was listed for  41.15 . The volume for the day was 680 K. This history from July 18, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.48% . The overall trading delta to the current price is 0.60% .

Basso Industry Corp Fundamentals Correlations and Trends

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

About Basso Industry Stock history

Basso Industry 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 Basso is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Basso Industry 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 Basso Industry stock prices may prove useful in developing a viable investing in Basso Industry
Basso Industry Corp. manufactures and sells pneumatic fastening tools worldwide. Basso Industry Corp. was founded in 1983 and is headquartered in Taichung, Taiwan. BASSO INDUSTRY operates under Tools Accessories classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 762 people.

Basso Industry Stock Technical Analysis

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

Basso Industry Period Price Range

Low
November 30, 2024
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High

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Basso Industry 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.

Basso Industry November 30, 2024 Market Strength

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

Basso Industry Technical and Predictive Indicators

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

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