Kenda Rubber (Taiwan) Price on September 1, 2023
| 2106 Stock | TWD 28.75 0.05 0.17% |
If you're considering investing in Kenda Stock, it is important to understand the factors that can impact its price. As of today, the current price of Kenda Rubber stands at 28.75, as last reported on the 1st of December, with the highest price reaching 28.80 and the lowest price hitting 28.40 during the day. Kenda Rubber Industrial has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1% return per unit of risk over the last 3 months. Kenda Rubber exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kenda Rubber's Risk Adjusted Performance of (0.07), standard deviation of 1.13, and Mean Deviation of 0.7593 to check out the risk estimate we provide.
Kenda Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Kenda |
Sharpe Ratio = -0.1026
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| Negative Returns | 2106 |
Estimated Market Risk
| 1.13 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.12 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 Kenda Rubber 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 Kenda Rubber by adding Kenda Rubber to a well-diversified portfolio.
Kenda Rubber Valuation on September 1, 2023
It is possible to determine the worth of Kenda Rubber on a given historical date. On September 1, 2023 Kenda was worth 30.1 at the beginning of the trading date compared to the closed value of 30.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Kenda Rubber stock. Still, in general, we apply an absolute valuation method to find Kenda Rubber'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 Kenda Rubber where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Kenda Rubber's related companies.
| Open | High | Low | Close | Volume | |
| 29.95 | 30.15 | 29.60 | 30.15 | 715,937 | |
09/01/2023 | 30.10 | 30.25 | 29.95 | 30.10 | 523,529 |
| 30.25 | 30.25 | 30.05 | 30.10 | 285,644 |
| Backtest Kenda Rubber | | | Kenda Rubber History | | | Kenda Rubber Valuation | Previous | Next |
Kenda Rubber Trading Date Momentum on September 1, 2023
| On September 04 2023 Kenda Rubber Industrial was traded for 30.10 at the closing time. The highest price during the trading period was 30.25 and the lowest recorded bid was listed for 30.05 . The volume for the day was 285.6 K. This history from September 4, 2023 did not cause price change. The trading delta at closing time to the current price is 0.83% . |
Kenda Rubber Industrial Fundamentals Correlations and Trends
By evaluating Kenda Rubber'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 Kenda Rubber's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Kenda financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Kenda Rubber Stock history
Kenda Rubber 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 Kenda is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Kenda Rubber Industrial 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 Kenda Rubber stock prices may prove useful in developing a viable investing in Kenda Rubber
It offers automotive, bicycle, wheelchair, power sport, and turftrailerspecialty tires. The company sells its tires through distributors and retailers. KENDA RUBBER operates under Auto Parts classification in Taiwan and is traded on Taiwan Stock Exchange.
Kenda Rubber Stock Technical Analysis
Kenda Rubber 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
Kenda Rubber Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Kenda Rubber Industrial 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.
Kenda Rubber December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Kenda Rubber stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kenda Rubber shares will generate the highest return on investment. By undertsting and applying Kenda Rubber stock market strength indicators, traders can identify Kenda Rubber Industrial entry and exit signals to maximize returns
Kenda Rubber Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Kenda Rubber's price direction in advance. Along with the technical and fundamental analysis of Kenda Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Kenda 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 | (0.07) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 0.9848 |
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Additional Tools for Kenda Stock Analysis
When running Kenda Rubber's price analysis, check to measure Kenda Rubber'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 Kenda Rubber is operating at the current time. Most of Kenda Rubber's value examination focuses on studying past and present price action to predict the probability of Kenda Rubber's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kenda Rubber's price. Additionally, you may evaluate how the addition of Kenda Rubber to your portfolios can decrease your overall portfolio volatility.