Optotech Corp (Taiwan) Price on September 4, 2024
2340 Stock | TWD 30.35 0.75 2.41% |
If you're considering investing in Optotech Stock, it is important to understand the factors that can impact its price. As of today, the current price of Optotech Corp stands at 30.35, as last reported on the 28th of November, with the highest price reaching 31.40 and the lowest price hitting 30.35 during the day. Optotech Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.19, which implies the firm had a -0.19% return per unit of risk over the last 3 months. Optotech Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Optotech Corp's Variance of 4.53, coefficient of variation of (638.22), and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide.
Optotech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Optotech |
Sharpe Ratio = -0.194
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Estimated Market Risk
2.05 actual daily | 18 82% of assets are more volatile |
Expected Return
-0.4 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Optotech Corp 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 Optotech Corp by adding Optotech Corp to a well-diversified portfolio.
Optotech Corp Valuation on September 4, 2024
It is possible to determine the worth of Optotech Corp on a given historical date. On September 4, 2024 Optotech was worth 36.35 at the beginning of the trading date compared to the closed value of 35.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Optotech Corp stock. Still, in general, we apply an absolute valuation method to find Optotech Corp'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 Optotech Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Optotech Corp's related companies.
Open | High | Low | Close | Volume | |
39.35 | 39.50 | 37.65 | 37.75 | 3,028,588 | |
09/04/2024 | 36.35 | 36.60 | 35.05 | 35.05 | 3,637,315 |
35.15 | 36.00 | 35.00 | 35.00 | 1,963,849 |
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Optotech Corp Trading Date Momentum on September 4, 2024
On September 05 2024 Optotech Corp was traded for 35.00 at the closing time. The highest price during the trading period was 36.00 and the lowest recorded bid was listed for 35.00 . The volume for the day was 2 M. This history from September 5, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.14% . The trading delta at closing time to the current price is 2.00% . |
Optotech Corp Fundamentals Correlations and Trends
By evaluating Optotech Corp'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 Optotech Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Optotech financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Optotech Corp Stock history
Optotech Corp 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 Optotech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Optotech Corp 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 Optotech Corp stock prices may prove useful in developing a viable investing in Optotech Corp
Opto Tech Corporation manufactures and sells semiconductor components in Taiwan, Mainland China, and internationally. Opto Tech Corporation was founded in 1983 and is headquartered in Hsinchu, Taiwan. OPTO TECH operates under Semiconductors classification in Taiwan and is traded on Taiwan Stock Exchange.
Optotech Corp Stock Technical Analysis
Optotech Corp 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
Optotech Corp Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
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Optotech Corp November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Optotech Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Optotech Corp shares will generate the highest return on investment. By undertsting and applying Optotech Corp stock market strength indicators, traders can identify Optotech Corp entry and exit signals to maximize returns
Optotech Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Optotech Corp's price direction in advance. Along with the technical and fundamental analysis of Optotech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Optotech 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 | (0.11) | |||
Jensen Alpha | (0.38) | |||
Total Risk Alpha | (0.66) | |||
Treynor Ratio | (1.21) |
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Additional Tools for Optotech Stock Analysis
When running Optotech Corp's price analysis, check to measure Optotech Corp'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 Optotech Corp is operating at the current time. Most of Optotech Corp's value examination focuses on studying past and present price action to predict the probability of Optotech Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Optotech Corp's price. Additionally, you may evaluate how the addition of Optotech Corp to your portfolios can decrease your overall portfolio volatility.