Chunghwa Chemical (Taiwan) Price on November 12, 2024
| 1762 Stock | TWD 37.85 0.70 1.82% |
If you're considering investing in Chunghwa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Chunghwa Chemical stands at 37.85, as last reported on the 29th of November, with the highest price reaching 38.50 and the lowest price hitting 37.55 during the day. Chunghwa Chemical secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2% return per unit of risk over the last 3 months. Chunghwa Chemical Synthesis exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chunghwa Chemical's Standard Deviation of 1.3, mean deviation of 0.8132, and Risk Adjusted Performance of (0.15) to double-check the risk estimate we provide.
Chunghwa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Chunghwa |
Sharpe Ratio = -0.1954
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| Negative Returns | 1762 |
Estimated Market Risk
| 1.33 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.26 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.2 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Chunghwa Chemical 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 Chunghwa Chemical by adding Chunghwa Chemical to a well-diversified portfolio.
Chunghwa Chemical Valuation on November 12, 2024
It is possible to determine the worth of Chunghwa Chemical on a given historical date. On November 12, 2024 Chunghwa was worth 41.65 at the beginning of the trading date compared to the closed value of 41.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chunghwa Chemical stock. Still, in general, we apply an absolute valuation method to find Chunghwa Chemical'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 Chunghwa Chemical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chunghwa Chemical's related companies.
| Open | High | Low | Close | Volume | |
| 42.50 | 42.50 | 41.20 | 42.00 | 117,084 | |
11/12/2024 | 41.65 | 41.65 | 41.35 | 41.40 | 156,520 |
| 41.15 | 41.50 | 40.90 | 40.90 | 159,425 |
| Backtest Chunghwa Chemical | | | Chunghwa Chemical History | | | Chunghwa Chemical Valuation | Previous | Next |
Chunghwa Chemical Trading Date Momentum on November 12, 2024
| On November 13 2024 Chunghwa Chemical Synthesis was traded for 40.90 at the closing time. The highest price during the trading period was 41.50 and the lowest recorded bid was listed for 40.90 . The volume for the day was 159.4 K. This history from November 13, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.21% . The overall trading delta to the current price is 7.37% . |
Chunghwa Chemical Fundamentals Correlations and Trends
By evaluating Chunghwa Chemical'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 Chunghwa Chemical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Chunghwa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Chunghwa Chemical Stock history
Chunghwa Chemical 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 Chunghwa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chunghwa 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 Chunghwa Chemical stock prices may prove useful in developing a viable investing in Chunghwa Chemical
Ltd. engages in research and development, manufacture, and wholesale of active pharmaceutical ingredients in Taiwan. Ltd. was founded in 1964 and is headquartered in New Taipei City, Taiwan. CHUNGHWA CHEMICAL is traded on Taiwan Stock Exchange in Taiwan.
Chunghwa Chemical Stock Technical Analysis
Chunghwa Chemical 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
Chunghwa Chemical Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Chunghwa Chemical Synthesis 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.
Chunghwa Chemical November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Chunghwa Chemical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chunghwa Chemical shares will generate the highest return on investment. By undertsting and applying Chunghwa Chemical stock market strength indicators, traders can identify Chunghwa Chemical Synthesis entry and exit signals to maximize returns
Chunghwa Chemical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Chunghwa Chemical's price direction in advance. Along with the technical and fundamental analysis of Chunghwa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Chunghwa 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 | (0.15) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.83) |
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Additional Tools for Chunghwa Stock Analysis
When running Chunghwa Chemical's price analysis, check to measure Chunghwa Chemical'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 Chunghwa Chemical is operating at the current time. Most of Chunghwa Chemical's value examination focuses on studying past and present price action to predict the probability of Chunghwa Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chunghwa Chemical's price. Additionally, you may evaluate how the addition of Chunghwa Chemical to your portfolios can decrease your overall portfolio volatility.