Elitegroup Computer (Taiwan) Price on October 18, 2024

2331 Stock  TWD 24.55  0.25  1.01%   
If you're considering investing in Elitegroup Stock, it is important to understand the factors that can impact its price. As of today, the current price of Elitegroup Computer stands at 24.55, as last reported on the 27th of November, with the highest price reaching 24.90 and the lowest price hitting 24.50 during the day. Elitegroup Computer secures Sharpe Ratio (or Efficiency) of -0.0525, which denotes the company had a -0.0525% return per unit of risk over the last 3 months. Elitegroup Computer Systems exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elitegroup Computer's Variance of 3.91, standard deviation of 1.98, and Mean Deviation of 1.44 to check the risk estimate we provide.
  
Elitegroup Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0525

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Estimated Market Risk

 1.95
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.1
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  actual daily
0
Most of other assets perform better
Based on monthly moving average Elitegroup Computer 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 Elitegroup Computer by adding Elitegroup Computer to a well-diversified portfolio.

Elitegroup Computer Valuation on October 18, 2024

It is possible to determine the worth of Elitegroup Computer on a given historical date. On October 18, 2024 Elitegroup was worth 24.8 at the beginning of the trading date compared to the closed value of 24.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elitegroup Computer stock. Still, in general, we apply an absolute valuation method to find Elitegroup Computer'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 Elitegroup Computer where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elitegroup Computer's related companies.
 Open High Low Close Volume
  24.10    24.80    24.10    24.60    2,103,004  
10/18/2024
  24.80    24.80    24.20    24.20    1,243,935  
  24.40    24.60    24.30    24.55    642,146  
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Open Value
24.8
24.2
Closing Value
30.65
Upside

Elitegroup Computer Trading Date Momentum on October 18, 2024

On October 21 2024 Elitegroup Computer Systems was traded for  24.55  at the closing time. The highest price during the trading period was 24.60  and the lowest recorded bid was listed for  24.30 . The volume for the day was 642.1 K. This history from October 21, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 1.45% . The overall trading delta to the current price is 1.24% .

Elitegroup Computer Fundamentals Correlations and Trends

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

About Elitegroup Computer Stock history

Elitegroup Computer 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 Elitegroup is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elitegroup Computer 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 Elitegroup Computer stock prices may prove useful in developing a viable investing in Elitegroup Computer
,Ltd. manufactures and supplies various computer products in Taiwan and internationally. The company was founded in 1987 and is headquartered in Taipei, Taiwan. ELITEGROUP COMPUTER operates under Computer Hardware classification in Taiwan and is traded on Taiwan Stock Exchange.

Elitegroup Computer Stock Technical Analysis

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

Elitegroup Computer Period Price Range

Low
November 27, 2024
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High

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Elitegroup Computer Systems 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.

Elitegroup Computer November 27, 2024 Market Strength

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

Elitegroup Computer Technical and Predictive Indicators

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

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