Ray (Korea) Price on October 31, 2024
| 228670 Stock | KRW 5,870 230.00 3.77% |
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 5,870, as last reported on the 30th of November, with the highest price reaching 6,180 and the lowest price hitting 5,720 during the day. Ray Co maintains Sharpe Ratio (i.e., Efficiency) of -0.23, which implies the firm had a -0.23% 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 (516.91), variance of 9.05, and Risk Adjusted Performance of (0.14) 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.
Ray |
Sharpe Ratio = -0.2268
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 228670 |
Estimated Market Risk
| 3.05 actual daily | 27 73% of assets are more volatile |
Expected Return
| -0.69 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.23 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 31, 2024
It is possible to determine the worth of Ray on a given historical date. On October 31, 2024 Ray was worth 8170.0 at the beginning of the trading date compared to the closed value of 8290.0. 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 | |
| 8,380 | 8,460 | 8,240 | 8,280 | 27,874 | |
10/31/2024 | 8,170 | 8,380 | 8,100 | 8,290 | 26,641 |
| 8,290 | 8,350 | 8,060 | 8,090 | 37,525 |
| Backtest Ray | | | Ray History | | | Ray Valuation | Previous | Next |
Ray Trading Date Momentum on October 31, 2024
| On November 01 2024 Ray Co was traded for 8,090 at the closing time. The highest price during the trading period was 8,350 and the lowest recorded bid was listed for 8,060 . The volume for the day was 37.5 K. This history from November 1, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.41% . The trading delta at closing time to the current price is 2.17% . |
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.
Price Boundaries
Ray Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
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 30, 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.
| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | 1.2 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |