Shiny Chemical (Taiwan) Price on September 18, 2024
| 1773 Stock | TWD 166.00 1.00 0.61% |
If you're considering investing in Shiny Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shiny Chemical stands at 166.00, as last reported on the 30th of November, with the highest price reaching 167.00 and the lowest price hitting 163.00 during the day. At this stage we consider Shiny Stock to be very steady. Shiny Chemical Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0354, which indicates the firm had a 0.0354% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shiny Chemical Industrial, which you can use to evaluate the volatility of the company. Please validate Shiny Chemical's Risk Adjusted Performance of 0.031, coefficient of variation of 3119.24, and Semi Deviation of 1.97 to confirm if the risk estimate we provide is consistent with the expected return of 0.0764%.
Shiny Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shiny |
Sharpe Ratio = 0.0354
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| Cash | Small Risk | 1773 | High Risk | Huge Risk |
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Estimated Market Risk
| 2.16 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Shiny Chemical is performing at about 2% of its full potential. 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 Shiny Chemical by adding it to a well-diversified portfolio.
Shiny Chemical Valuation on September 18, 2024
It is possible to determine the worth of Shiny Chemical on a given historical date. On September 18, 2024 Shiny was worth 178.0 at the beginning of the trading date compared to the closed value of 173.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shiny Chemical stock. Still, in general, we apply an absolute valuation method to find Shiny 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 Shiny Chemical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shiny Chemical's related companies.
| Open | High | Low | Close | Volume | |
| 173.00 | 183.00 | 172.50 | 176.50 | 2,641,422 | |
09/18/2024 | 178.00 | 183.50 | 173.00 | 173.50 | 2,301,365 |
| 174.00 | 185.00 | 174.00 | 183.00 | 3,207,482 |
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Shiny Chemical Trading Date Momentum on September 18, 2024
| On September 19 2024 Shiny Chemical Industrial was traded for 183.00 at the closing time. The highest price during the trading period was 185.00 and the lowest recorded bid was listed for 174.00 . The volume for the day was 3.2 M. This history from September 19, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 5.48% . The trading price change to the current price is 3.75% . |
Shiny Chemical Industrial Fundamentals Correlations and Trends
By evaluating Shiny 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 Shiny Chemical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shiny financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shiny Chemical Stock history
Shiny 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 Shiny is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shiny Chemical Industrial 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 Shiny Chemical stock prices may prove useful in developing a viable investing in Shiny Chemical
Shiny Chemical Industrial Company Limited manufactures and sells electronic and industrial solvents in Taiwan. The company was founded in 1979 and is based in Kaohsiung, Taiwan. SHINY CHEMICAL operates under Chemicals classification in Taiwan and is traded on Taiwan Stock Exchange.
Shiny Chemical Stock Technical Analysis
Shiny 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
Shiny Chemical Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Shiny Chemical Industrial 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.
Shiny Chemical November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Shiny 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 Shiny Chemical shares will generate the highest return on investment. By undertsting and applying Shiny Chemical stock market strength indicators, traders can identify Shiny Chemical Industrial entry and exit signals to maximize returns
Shiny Chemical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shiny Chemical's price direction in advance. Along with the technical and fundamental analysis of Shiny Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shiny 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 | 0.031 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0842 |
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Additional Tools for Shiny Stock Analysis
When running Shiny Chemical's price analysis, check to measure Shiny 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 Shiny Chemical is operating at the current time. Most of Shiny Chemical's value examination focuses on studying past and present price action to predict the probability of Shiny 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 Shiny Chemical's price. Additionally, you may evaluate how the addition of Shiny Chemical to your portfolios can decrease your overall portfolio volatility.