Cheng Shin (Taiwan) Price on November 13, 2024
| 2105 Stock | TWD 50.60 0.20 0.40% |
If you're considering investing in Cheng Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cheng Shin stands at 50.60, as last reported on the 30th of November, with the highest price reaching 51.60 and the lowest price hitting 49.80 during the day. At this stage we consider Cheng Stock to be very steady. Cheng Shin Rubber secures Sharpe Ratio (or Efficiency) of 0.0191, which signifies that the company had a 0.0191% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Cheng Shin Rubber, which you can use to evaluate the volatility of the firm. Please confirm Cheng Shin's mean deviation of 1.35, and Risk Adjusted Performance of 0.0235 to double-check if the risk estimate we provide is consistent with the expected return of 0.0425%.
Cheng Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cheng |
Sharpe Ratio = 0.0191
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 2105 |
Estimated Market Risk
| 2.22 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Cheng Shin is performing at about 1% 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 Cheng Shin by adding it to a well-diversified portfolio.
Cheng Shin Valuation on November 13, 2024
It is possible to determine the worth of Cheng Shin on a given historical date. On November 13, 2024 Cheng was worth 46.05 at the beginning of the trading date compared to the closed value of 45.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cheng Shin stock. Still, in general, we apply an absolute valuation method to find Cheng Shin'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 Cheng Shin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cheng Shin's related companies.
| Open | High | Low | Close | Volume | |
| 45.85 | 47.25 | 45.80 | 46.40 | 7,021,419 | |
11/13/2024 | 46.05 | 47.90 | 45.30 | 45.35 | 12,816,196 |
| 45.30 | 46.35 | 45.20 | 45.35 | 7,340,120 |
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Cheng Shin Trading Date Momentum on November 13, 2024
| On November 14 2024 Cheng Shin Rubber was traded for 45.35 at the closing time. The highest price during the trading period was 46.35 and the lowest recorded bid was listed for 45.20 . The volume for the day was 7.3 M. This history from November 14, 2024 did not affect price variability. The overall trading delta to the current price is 15.55% . |
Cheng Shin Rubber Fundamentals Correlations and Trends
By evaluating Cheng Shin'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 Cheng Shin's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cheng financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cheng Shin Stock history
Cheng Shin 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 Cheng is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cheng Shin Rubber 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 Cheng Shin stock prices may prove useful in developing a viable investing in Cheng Shin
Co., Ltd., together with subsidiaries, processes, manufactures, and trades in bicycle tires, electrical vehicle tires, reclaimed rubbers, various rubbers and resins, and other rubber products. Co., Ltd. was founded in 1967 and is headquartered in Changhua, Taiwan. CHENG SHIN operates under Rubber Plastics classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 30909 people.
Cheng Shin Stock Technical Analysis
Cheng Shin 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
Cheng Shin Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Cheng Shin Rubber 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.
Cheng Shin November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Cheng Shin stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cheng Shin shares will generate the highest return on investment. By undertsting and applying Cheng Shin stock market strength indicators, traders can identify Cheng Shin Rubber entry and exit signals to maximize returns
Cheng Shin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cheng Shin's price direction in advance. Along with the technical and fundamental analysis of Cheng Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cheng 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 | 0.0235 | |||
| Jensen Alpha | 0.0709 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.15) |
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| Statistic Functions | ||
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| Volume Indicators |
Additional Tools for Cheng Stock Analysis
When running Cheng Shin's price analysis, check to measure Cheng Shin'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 Cheng Shin is operating at the current time. Most of Cheng Shin's value examination focuses on studying past and present price action to predict the probability of Cheng Shin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cheng Shin's price. Additionally, you may evaluate how the addition of Cheng Shin to your portfolios can decrease your overall portfolio volatility.