Sunspring Metal (Taiwan) Price on July 18, 2024

2062 Stock  TWD 31.90  0.20  0.63%   
If you're considering investing in Sunspring Stock, it is important to understand the factors that can impact its price. As of today, the current price of Sunspring Metal stands at 31.90, as last reported on the 27th of November, with the highest price reaching 32.60 and the lowest price hitting 31.40 during the day. Sunspring Metal Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0956, which indicates the firm had a -0.0956% return per unit of risk over the last 3 months. Sunspring Metal Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sunspring Metal's Variance of 8.17, coefficient of variation of (1,085), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide.
  
Sunspring Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0956

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative Returns2062

Estimated Market Risk

 2.85
  actual daily
25
75% of assets are more volatile

Expected Return

 -0.27
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.1
  actual daily
0
Most of other assets perform better
Based on monthly moving average Sunspring Metal 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 Sunspring Metal by adding Sunspring Metal to a well-diversified portfolio.

Sunspring Metal Valuation on July 18, 2024

It is possible to determine the worth of Sunspring Metal on a given historical date. On July 18, 2024 Sunspring was worth 27.68 at the beginning of the trading date compared to the closed value of 28.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sunspring Metal stock. Still, in general, we apply an absolute valuation method to find Sunspring Metal'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 Sunspring Metal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sunspring Metal's related companies.
 Open High Low Close Volume
  27.68    28.02    27.63    27.92    430,000  
07/18/2024
  27.68    28.12    27.63    28.02    363,240  
  27.92    27.97    27.29    27.68    320,015  
Backtest Sunspring Metal  |  Sunspring Metal History  |  Sunspring Metal Valuation   PreviousNext  
Open Value
27.68
28.02
Closing Value
36.22
Upside

Sunspring Metal Trading Date Momentum on July 18, 2024

On July 19 2024 Sunspring Metal Corp was traded for  27.68  at the closing time. The highest price during the trading period was 27.97  and the lowest recorded bid was listed for  27.29 . The volume for the day was 320 K. This history from July 19, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.21% . The trading price change to the current price is 19.56% .

Sunspring Metal Corp Fundamentals Correlations and Trends

By evaluating Sunspring Metal'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 Sunspring Metal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sunspring financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Sunspring Metal Stock history

Sunspring Metal 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 Sunspring is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sunspring Metal Corp 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 Sunspring Metal stock prices may prove useful in developing a viable investing in Sunspring Metal
Sunspring Metal Corporation manufactures and sells zinc, brass, and plastic parts worldwide. Sunspring Metal Corporation was founded in 1973 and is headquartered in Taichung, Taiwan. SUNSPRING METAL operates under Building Products Equipment classification in Taiwan and is traded on Taiwan Stock Exchange.

Sunspring Metal Stock Technical Analysis

Sunspring Metal 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.
A focus of Sunspring Metal technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sunspring Metal trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Sunspring Metal Period Price Range

Low
November 27, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Sunspring Metal Corp 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.

Sunspring Metal November 27, 2024 Market Strength

Market strength indicators help investors to evaluate how Sunspring Metal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sunspring Metal shares will generate the highest return on investment. By undertsting and applying Sunspring Metal stock market strength indicators, traders can identify Sunspring Metal Corp entry and exit signals to maximize returns

Sunspring Metal Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Sunspring Metal's price direction in advance. Along with the technical and fundamental analysis of Sunspring Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sunspring 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.

Additional Tools for Sunspring Stock Analysis

When running Sunspring Metal's price analysis, check to measure Sunspring Metal'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 Sunspring Metal is operating at the current time. Most of Sunspring Metal's value examination focuses on studying past and present price action to predict the probability of Sunspring Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunspring Metal's price. Additionally, you may evaluate how the addition of Sunspring Metal to your portfolios can decrease your overall portfolio volatility.