Chung Hung (Taiwan) Price on November 14, 2024
| 2014 Stock | TWD 19.70 0.25 1.25% |
If you're considering investing in Chung Stock, it is important to understand the factors that can impact its price. As of today, the current price of Chung Hung stands at 19.70, as last reported on the 29th of November, with the highest price reaching 19.75 and the lowest price hitting 19.50 during the day. At this stage we consider Chung Stock to be not too volatile. Chung Hung Steel secures Sharpe Ratio (or Efficiency) of 0.0353, which signifies that the company had a 0.0353% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Chung Hung Steel, which you can use to evaluate the volatility of the firm. Please confirm Chung Hung's Mean Deviation of 1.79, risk adjusted performance of 0.038, and Downside Deviation of 2.06 to double-check if the risk estimate we provide is consistent with the expected return of 0.0865%.
Chung Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Chung |
Sharpe Ratio = 0.0353
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Estimated Market Risk
| 2.45 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.09 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 Chung Hung 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 Chung Hung by adding it to a well-diversified portfolio.
Chung Hung Valuation on November 14, 2024
It is possible to determine the worth of Chung Hung on a given historical date. On November 14, 2024 Chung was worth 20.4 at the beginning of the trading date compared to the closed value of 19.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chung Hung stock. Still, in general, we apply an absolute valuation method to find Chung Hung'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 Chung Hung where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chung Hung's related companies.
| Open | High | Low | Close | Volume | |
| 20.50 | 20.85 | 20.30 | 20.30 | 4,603,329 | |
11/14/2024 | 20.40 | 20.55 | 19.90 | 19.90 | 5,144,144 |
| 19.90 | 20.50 | 19.90 | 20.35 | 2,983,713 |
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Chung Hung Trading Date Momentum on November 14, 2024
| On November 15 2024 Chung Hung Steel was traded for 20.35 at the closing time. The highest price during the trading period was 20.50 and the lowest recorded bid was listed for 19.90 . The volume for the day was 3 M. This history from November 15, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 2.26% . The overall trading delta to the current price is 6.03% . |
Chung Hung Steel Fundamentals Correlations and Trends
By evaluating Chung Hung'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 Chung Hung's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Chung financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Chung Hung Stock history
Chung Hung 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 Chung is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chung Hung 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 Chung Hung stock prices may prove useful in developing a viable investing in Chung Hung
Chung Hung Steel Corporation manufactures, processes, and sells steel products in Taiwan, Asia, the United States, Europe, and internationally. Chung Hung Steel Corporation is a subsidiary of China Steel Corporation. CHUNG HUNG operates under Steel classification in Taiwan and is traded on Taiwan Stock Exchange.
Chung Hung Stock Technical Analysis
Chung Hung 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
Chung Hung Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Chung Hung 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.
Chung Hung November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Chung Hung stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chung Hung shares will generate the highest return on investment. By undertsting and applying Chung Hung stock market strength indicators, traders can identify Chung Hung Steel entry and exit signals to maximize returns
Chung Hung Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Chung Hung's price direction in advance. Along with the technical and fundamental analysis of Chung Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Chung 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 | 0.038 | |||
| Jensen Alpha | 0.0887 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (21.51) |
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Additional Tools for Chung Stock Analysis
When running Chung Hung's price analysis, check to measure Chung Hung'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 Chung Hung is operating at the current time. Most of Chung Hung's value examination focuses on studying past and present price action to predict the probability of Chung Hung's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chung Hung's price. Additionally, you may evaluate how the addition of Chung Hung to your portfolios can decrease your overall portfolio volatility.