Formosan Union (Taiwan) Price on November 25, 2024
| 1709 Stock | TWD 21.45 0.05 0.23% |
If you're considering investing in Formosan Stock, it is important to understand the factors that can impact its price. As of today, the current price of Formosan Union stands at 21.45, as last reported on the 2nd of December, with the highest price reaching 21.50 and the lowest price hitting 21.30 during the day. Formosan Union Chemical secures Sharpe Ratio (or Efficiency) of -0.0716, which denotes the company had a -0.0716% return per unit of risk over the last 3 months. Formosan Union Chemical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosan Union's Variance of 2.54, standard deviation of 1.59, and Mean Deviation of 1.06 to check the risk estimate we provide.
Formosan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Formosan |
Sharpe Ratio = -0.0716
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| Negative Returns | 1709 |
Estimated Market Risk
| 1.61 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Formosan Union 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 Formosan Union by adding Formosan Union to a well-diversified portfolio.
Formosan Union Valuation on November 25, 2024
It is possible to determine the worth of Formosan Union on a given historical date. On November 25, 2024 Formosan was worth 21.9 at the beginning of the trading date compared to the closed value of 22.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Formosan Union stock. Still, in general, we apply an absolute valuation method to find Formosan Union'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 Formosan Union where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Formosan Union's related companies.
| Open | High | Low | Close | Volume | |
| 21.90 | 22.10 | 21.85 | 21.85 | 194,918 | |
11/25/2024 | 21.90 | 22.15 | 21.90 | 22.00 | 402,136 |
| 22.05 | 22.30 | 22.00 | 22.05 | 407,646 |
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Formosan Union Trading Date Momentum on November 25, 2024
| On November 26 2024 Formosan Union Chemical was traded for 22.05 at the closing time. The highest price during the trading period was 22.30 and the lowest recorded bid was listed for 22.00 . The volume for the day was 407.6 K. This history from November 26, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.23% . The overall trading delta to the current price is 2.50% . |
Formosan Union Chemical Fundamentals Correlations and Trends
By evaluating Formosan Union'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 Formosan Union's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Formosan financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Formosan Union Stock history
Formosan Union 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 Formosan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Formosan Union Chemical 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 Formosan Union stock prices may prove useful in developing a viable investing in Formosan Union
Formosan Union Chemical Corp. produces and sells chemical products in Taiwan. The company was founded in 1973 and is based in Taipei, Taiwan. FORMOSAN UNION is traded on Taiwan Stock Exchange in Taiwan.
Formosan Union Stock Technical Analysis
Formosan Union 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
Formosan Union Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Formosan Union Chemical 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.
Formosan Union December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Formosan Union stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Formosan Union shares will generate the highest return on investment. By undertsting and applying Formosan Union stock market strength indicators, traders can identify Formosan Union Chemical entry and exit signals to maximize returns
Formosan Union Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Formosan Union's price direction in advance. Along with the technical and fundamental analysis of Formosan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Formosan 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 | (0.15) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.66) |
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Additional Tools for Formosan Stock Analysis
When running Formosan Union's price analysis, check to measure Formosan Union'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 Formosan Union is operating at the current time. Most of Formosan Union's value examination focuses on studying past and present price action to predict the probability of Formosan Union's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosan Union's price. Additionally, you may evaluate how the addition of Formosan Union to your portfolios can decrease your overall portfolio volatility.