Sinkang Industries (Taiwan) Price on November 18, 2024
| 2032 Stock | TWD 14.90 0.10 0.68% |
If you're considering investing in Sinkang Stock, it is important to understand the factors that can impact its price. As of today, the current price of Sinkang Industries stands at 14.90, as last reported on the 30th of November, with the highest price reaching 15.05 and the lowest price hitting 14.60 during the day. At this stage we consider Sinkang Stock to be not too volatile. Sinkang Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0036, which indicates the firm had a 0.0036% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Sinkang Industries Co, which you can use to evaluate the volatility of the company. Please validate Sinkang Industries' Coefficient Of Variation of (22,714), risk adjusted performance of 0.0026, and Variance of 3.52 to confirm if the risk estimate we provide is consistent with the expected return of 0.0069%.
Sinkang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Sinkang |
Sharpe Ratio = 0.0036
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| Negative Returns | 2032 |
Estimated Market Risk
| 1.9 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Sinkang Industries 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 Sinkang Industries by adding Sinkang Industries to a well-diversified portfolio.
Sinkang Industries Valuation on November 18, 2024
It is possible to determine the worth of Sinkang Industries on a given historical date. On November 18, 2024 Sinkang was worth 15.05 at the beginning of the trading date compared to the closed value of 15.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sinkang Industries stock. Still, in general, we apply an absolute valuation method to find Sinkang Industries' 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 Sinkang Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sinkang Industries' related companies.
| Open | High | Low | Close | Volume | |
| 15.00 | 15.15 | 14.90 | 14.95 | 124,329 | |
11/18/2024 | 15.05 | 15.15 | 14.90 | 15.00 | 75,127 |
| 14.95 | 15.10 | 14.85 | 15.00 | 68,050 |
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Sinkang Industries Trading Date Momentum on November 18, 2024
| On November 19 2024 Sinkang Industries Co was traded for 15.00 at the closing time. The highest price during the trading period was 15.10 and the lowest recorded bid was listed for 14.85 . The volume for the day was 68 K. This history from November 19, 2024 did not result in any price rise and fall. The trading price change to the current price is 0.67% . |
Sinkang Industries Fundamentals Correlations and Trends
By evaluating Sinkang Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Sinkang Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sinkang financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sinkang Industries Stock history
Sinkang Industries 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 Sinkang is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sinkang Industries 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 Sinkang Industries stock prices may prove useful in developing a viable investing in Sinkang Industries
Sinkang Industries Co., Ltd. manufactures, processes, and sells stainless steel in Taiwan and internationally. The company was founded in 1971 and is based in New Taipei City, Taiwan. SINKANG INDUSTRIES is traded on Taiwan Stock Exchange in Taiwan.
Sinkang Industries Stock Technical Analysis
Sinkang Industries 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
Sinkang Industries Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
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Sinkang Industries November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Sinkang Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sinkang Industries shares will generate the highest return on investment. By undertsting and applying Sinkang Industries stock market strength indicators, traders can identify Sinkang Industries Co entry and exit signals to maximize returns
Sinkang Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sinkang Industries' price direction in advance. Along with the technical and fundamental analysis of Sinkang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sinkang 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 | 0.0026 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.04) |
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Additional Tools for Sinkang Stock Analysis
When running Sinkang Industries' price analysis, check to measure Sinkang Industries' 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 Sinkang Industries is operating at the current time. Most of Sinkang Industries' value examination focuses on studying past and present price action to predict the probability of Sinkang Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sinkang Industries' price. Additionally, you may evaluate how the addition of Sinkang Industries to your portfolios can decrease your overall portfolio volatility.