Roundtop Machinery (Taiwan) Price on September 26, 2024
| 1540 Stock | TWD 38.80 0.60 1.52% |
If you're considering investing in Roundtop Stock, it is important to understand the factors that can impact its price. As of today, the current price of Roundtop Machinery stands at 38.80, as last reported on the 28th of November, with the highest price reaching 40.50 and the lowest price hitting 38.30 during the day. Roundtop Machinery maintains Sharpe Ratio (i.e., Efficiency) of -0.01, which implies the firm had a -0.01% return per unit of risk over the last 3 months. Roundtop Machinery exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Roundtop Machinery's Semi Deviation of 2.69, risk adjusted performance of 0.0301, and Coefficient Of Variation of 3478.55 to confirm the risk estimate we provide.
Roundtop Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Roundtop |
Sharpe Ratio = -0.01
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 1540 |
Estimated Market Risk
| 3.46 actual daily | 30 70% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Roundtop Machinery 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 Roundtop Machinery by adding Roundtop Machinery to a well-diversified portfolio.
Roundtop Machinery Valuation on September 26, 2024
It is possible to determine the worth of Roundtop Machinery on a given historical date. On September 26, 2024 Roundtop was worth 51.8 at the beginning of the trading date compared to the closed value of 46.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Roundtop Machinery stock. Still, in general, we apply an absolute valuation method to find Roundtop Machinery'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 Roundtop Machinery where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Roundtop Machinery's related companies.
| Open | High | Low | Close | Volume | |
| 45.90 | 49.95 | 45.80 | 49.95 | 20,923,830 | |
09/26/2024 | 51.80 | 51.80 | 46.50 | 46.50 | 39,740,239 |
| 46.50 | 47.65 | 45.45 | 45.60 | 25,799,631 |
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Roundtop Machinery Trading Date Momentum on September 26, 2024
| On September 27 2024 Roundtop Machinery Industries was traded for 45.60 at the closing time. The highest price during the trading period was 47.65 and the lowest recorded bid was listed for 45.45 . The volume for the day was 25.8 M. This history from September 27, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.94% . The trading delta at closing time to the current price is 2.37% . |
Roundtop Machinery Fundamentals Correlations and Trends
By evaluating Roundtop Machinery'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 Roundtop Machinery's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Roundtop financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Roundtop Machinery Stock history
Roundtop Machinery 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 Roundtop is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Roundtop Machinery 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 Roundtop Machinery stock prices may prove useful in developing a viable investing in Roundtop Machinery
Roundtop Machinery Industries Co., Ltd. designs and manufactures precision machine tools in Taiwan and internationally. The company was founded in 1979 and is based in Taichung, Taiwan. ROUNDTOP MACHINERY operates under Diversified Industrials classification in Taiwan and is traded on Taiwan Stock Exchange.
Roundtop Machinery Stock Technical Analysis
Roundtop Machinery 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
Roundtop Machinery Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Roundtop Machinery Industries 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.
Roundtop Machinery November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Roundtop Machinery stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Roundtop Machinery shares will generate the highest return on investment. By undertsting and applying Roundtop Machinery stock market strength indicators, traders can identify Roundtop Machinery Industries entry and exit signals to maximize returns
Roundtop Machinery Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Roundtop Machinery's price direction in advance. Along with the technical and fundamental analysis of Roundtop Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Roundtop 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 | 0.0301 | |||
| Jensen Alpha | 0.0723 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.3845 |
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Additional Tools for Roundtop Stock Analysis
When running Roundtop Machinery's price analysis, check to measure Roundtop Machinery'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 Roundtop Machinery is operating at the current time. Most of Roundtop Machinery's value examination focuses on studying past and present price action to predict the probability of Roundtop Machinery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roundtop Machinery's price. Additionally, you may evaluate how the addition of Roundtop Machinery to your portfolios can decrease your overall portfolio volatility.