Goodway Machine (Taiwan) Price on May 29, 2024
| 1583 Stock | TWD 60.10 0.50 0.83% |
If you're considering investing in Goodway Stock, it is important to understand the factors that can impact its price. As of today, the current price of Goodway Machine stands at 60.10, as last reported on the 2nd of December, with the highest price reaching 60.50 and the lowest price hitting 59.80 during the day. Goodway Machine Corp holds Efficiency (Sharpe) Ratio of -0.0918, which attests that the entity had a -0.0918% return per unit of risk over the last 3 months. Goodway Machine Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goodway Machine's Risk Adjusted Performance of (0.05), standard deviation of 1.13, and Market Risk Adjusted Performance of (0.37) to validate the risk estimate we provide.
Goodway Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Goodway |
Sharpe Ratio = -0.0918
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| Negative Returns | 1583 |
Estimated Market Risk
| 1.03 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Goodway Machine 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 Goodway Machine by adding Goodway Machine to a well-diversified portfolio.
Goodway Machine Valuation on May 29, 2024
It is possible to determine the worth of Goodway Machine on a given historical date. On May 29, 2024 Goodway was worth 72.0 at the beginning of the trading date compared to the closed value of 71.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Goodway Machine stock. Still, in general, we apply an absolute valuation method to find Goodway Machine'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 Goodway Machine where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Goodway Machine's related companies.
| Open | High | Low | Close | Volume | |
| 71.20 | 72.40 | 71.20 | 72.10 | 45,020 | |
05/29/2024 | 72.00 | 72.00 | 71.80 | 71.80 | 6,009 |
| 72.20 | 72.20 | 72.20 | 72.20 | 1,000.00 |
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Goodway Machine Trading Date Momentum on May 29, 2024
| On May 30 2024 Goodway Machine Corp was traded for 72.20 at the closing time. The highest price during the trading period was 72.20 and the lowest recorded bid was listed for 72.20 . The volume for the day was 1000. This history from May 30, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.56% . The overall trading delta to the current price is 1.25% . |
Goodway Machine Corp Fundamentals Correlations and Trends
By evaluating Goodway Machine'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 Goodway Machine's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Goodway financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Goodway Machine Stock history
Goodway Machine 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 Goodway is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Goodway Machine 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 Goodway Machine stock prices may prove useful in developing a viable investing in Goodway Machine
Goodway Machine Corp. develops, manufactures, and sells turning machines. Goodway Machine Corp. was founded in 1975 and is headquartered in Taichung, Taiwan. GOODWAY MACHINE operates under Diversified Industrials classification in Taiwan and is traded on Taiwan Stock Exchange.
Goodway Machine Stock Technical Analysis
Goodway Machine 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
Goodway Machine Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Goodway Machine 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.
Goodway Machine December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Goodway Machine stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Goodway Machine shares will generate the highest return on investment. By undertsting and applying Goodway Machine stock market strength indicators, traders can identify Goodway Machine Corp entry and exit signals to maximize returns
Goodway Machine Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Goodway Machine's price direction in advance. Along with the technical and fundamental analysis of Goodway Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Goodway 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 | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.38) |
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Additional Tools for Goodway Stock Analysis
When running Goodway Machine's price analysis, check to measure Goodway Machine'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 Goodway Machine is operating at the current time. Most of Goodway Machine's value examination focuses on studying past and present price action to predict the probability of Goodway Machine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodway Machine's price. Additionally, you may evaluate how the addition of Goodway Machine to your portfolios can decrease your overall portfolio volatility.