Ray (Korea) Price on October 18, 2024

228670 Stock  KRW 6,020  130.00  2.11%   
If you're considering investing in Ray Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ray stands at 6,020, as last reported on the 27th of November, with the highest price reaching 6,170 and the lowest price hitting 5,940 during the day. Ray Co maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Ray Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ray's Coefficient Of Variation of (563.11), variance of 8.84, and Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide.
  
Ray Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1614

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Estimated Market Risk

 3.13
  actual daily
27
73% of assets are more volatile

Expected Return

 -0.5
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.16
  actual daily
0
Most of other assets perform better
Based on monthly moving average Ray 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 Ray by adding Ray to a well-diversified portfolio.

Ray Valuation on October 18, 2024

It is possible to determine the worth of Ray on a given historical date. On October 18, 2024 Ray was worth 9470.0 at the beginning of the trading date compared to the closed value of 9190.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ray stock. Still, in general, we apply an absolute valuation method to find Ray'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 Ray where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ray's related companies.
 Open High Low Close Volume
  9,700    9,700    9,330    9,360    71,594  
10/18/2024
  9,470    9,800    9,100    9,190    91,859  
  9,200    9,290    9,020    9,080    56,766  
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Open Value
9470.0
9190.0
Closing Value
9,479
Upside

Ray Trading Date Momentum on October 18, 2024

On October 21 2024 Ray Co was traded for  9,080  at the closing time. The highest price during the trading period was 9,290  and the lowest recorded bid was listed for  9,020 . The volume for the day was 56.8 K. This history from October 21, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.20% . The trading delta at closing time to the current price is 10.23% .

Ray Co Fundamentals Correlations and Trends

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

About Ray Stock history

Ray 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 Ray is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ray Co 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 Ray stock prices may prove useful in developing a viable investing in Ray
RAY Co., Ltd. provides x-ray imaging solutions in the dental and medical industry. The company was founded in 2004 and is headquartered in Seongnam, South Korea. Ray is traded on Korean Securities Dealers Automated Quotations in South Korea.

Ray Stock Technical Analysis

Ray 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 Ray technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ray 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

Ray Period Price Range

Low
November 27, 2024
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High

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Ray Co cannot be verified against its exchange. Please verify the symbol is currently traded on KOSDAQ. 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.

Ray November 27, 2024 Market Strength

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

Ray Technical and Predictive Indicators

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

Complementary Tools for Ray Stock analysis

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