Tung Ho (Taiwan) Price on April 11, 2024
| 2006 Stock | TWD 71.00 0.80 1.11% |
If you're considering investing in Tung Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tung Ho stands at 71.00, as last reported on the 29th of November, with the highest price reaching 72.40 and the lowest price hitting 71.00 during the day. Tung Ho Steel owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Tung Ho Steel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tung Ho's Variance of 1.42, coefficient of variation of (800.08), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide.
Tung Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tung |
Sharpe Ratio = -0.1372
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| Negative Returns | 2006 |
Estimated Market Risk
| 1.22 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tung Ho 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 Tung Ho by adding Tung Ho to a well-diversified portfolio.
Tung Ho Valuation on April 11, 2024
It is possible to determine the worth of Tung Ho on a given historical date. On April 11, 2024 Tung was worth 72.5 at the beginning of the trading date compared to the closed value of 71.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tung Ho stock. Still, in general, we apply an absolute valuation method to find Tung Ho'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 Tung Ho where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tung Ho's related companies.
| Open | High | Low | Close | Volume | |
| 73.20 | 73.30 | 72.20 | 72.30 | 1,669,595 | |
04/11/2024 | 72.50 | 72.50 | 71.20 | 71.50 | 1,892,954 |
| 71.50 | 71.50 | 70.70 | 70.80 | 1,526,252 |
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Tung Ho Trading Date Momentum on April 11, 2024
| On April 12 2024 Tung Ho Steel was traded for 70.80 at the closing time. The highest price during the trading period was 71.50 and the lowest recorded bid was listed for 70.70 . The volume for the day was 1.5 M. This history from April 12, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.98% . The trading price change to the current price is 2.80% . |
Tung Ho Steel Fundamentals Correlations and Trends
By evaluating Tung Ho'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 Tung Ho's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tung financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tung Ho Stock history
Tung Ho 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 Tung is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tung Ho Steel 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 Tung Ho stock prices may prove useful in developing a viable investing in Tung Ho
Tung Ho Steel Enterprise Corporation produces and sells steel products in Taiwan and internationally. The company was founded in 1946 and is headquartered in Taipei City, Taiwan. TUNG HO operates under Steel classification in Taiwan and is traded on Taiwan Stock Exchange.
Tung Ho Stock Technical Analysis
Tung Ho 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
Tung Ho Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Tung Ho Steel 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.
Tung Ho November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Tung Ho stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tung Ho shares will generate the highest return on investment. By undertsting and applying Tung Ho stock market strength indicators, traders can identify Tung Ho Steel entry and exit signals to maximize returns
Tung Ho Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tung Ho's price direction in advance. Along with the technical and fundamental analysis of Tung Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tung 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 | (0.09) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 1.26 |
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Additional Tools for Tung Stock Analysis
When running Tung Ho's price analysis, check to measure Tung Ho'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 Tung Ho is operating at the current time. Most of Tung Ho's value examination focuses on studying past and present price action to predict the probability of Tung Ho's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tung Ho's price. Additionally, you may evaluate how the addition of Tung Ho to your portfolios can decrease your overall portfolio volatility.