TR Biofab (Korea) Price on September 3, 2024
246710 Stock | KRW 5,810 80.00 1.36% |
If you're considering investing in 246710 Stock, it is important to understand the factors that can impact its price. As of today, the current price of TR Biofab stands at 5,810, as last reported on the 30th of November, with the highest price reaching 5,970 and the lowest price hitting 5,810 during the day. TR Biofab retains Efficiency (Sharpe Ratio) of -0.0183, which indicates the firm had a -0.0183% return per unit of price deviation over the last 3 months. TR Biofab exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TR Biofab's Mean Deviation of 2.09, risk adjusted performance of (0.01), and Standard Deviation of 2.97 to confirm the risk estimate we provide.
246710 Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
246710 |
Sharpe Ratio = -0.0183
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Estimated Market Risk
3.09 actual daily | 27 73% of assets are more volatile |
Expected Return
-0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average TR Biofab 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 TR Biofab by adding TR Biofab to a well-diversified portfolio.
TR Biofab Valuation on September 3, 2024
It is possible to determine the worth of TR Biofab on a given historical date. On September 3, 2024 246710 was worth 6120.0 at the beginning of the trading date compared to the closed value of 6330.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of TR Biofab stock. Still, in general, we apply an absolute valuation method to find TR Biofab'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 TR Biofab where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against TR Biofab's related companies.
Open | High | Low | Close | Volume | |
6,200 | 6,280 | 6,000 | 6,180 | 22,605 | |
09/03/2024 | 6,120 | 6,380 | 6,120 | 6,330 | 37,833 |
6,320 | 6,700 | 6,170 | 6,600 | 88,260 |
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TR Biofab Trading Date Momentum on September 3, 2024
On September 04 2024 TR Biofab Co was traded for 6,600 at the closing time. The highest price during the trading period was 6,700 and the lowest recorded bid was listed for 6,170 . The volume for the day was 88.3 K. This history from September 4, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 4.27% . The trading price change to the current price is 5.53% . |
TR Biofab Fundamentals Correlations and Trends
By evaluating TR Biofab'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 TR Biofab's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. 246710 financial account trend analysis is a perfect complement when working with valuation or volatility modules.About TR Biofab Stock history
TR Biofab 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 246710 is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in TR Biofab 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 TR Biofab stock prices may prove useful in developing a viable investing in TR Biofab
TR Biofab Co., Ltd. researches and develops medical devices for transplantation and tissue regeneration in the areas of orthopedics, plastic surgery, and dentistry. The company was founded in 2013 and is based in Siheung, South Korea. TR Biofab is traded on Korean Securities Dealers Automated Quotations in South Korea.
TR Biofab Stock Technical Analysis
TR Biofab 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
TR Biofab Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
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TR Biofab November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how TR Biofab stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TR Biofab shares will generate the highest return on investment. By undertsting and applying TR Biofab stock market strength indicators, traders can identify TR Biofab Co entry and exit signals to maximize returns
TR Biofab Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for TR Biofab's price direction in advance. Along with the technical and fundamental analysis of 246710 Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of 246710 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 | (0.01) | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.57) | |||
Treynor Ratio | 0.6509 |
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Complementary Tools for 246710 Stock analysis
When running TR Biofab's price analysis, check to measure TR Biofab'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 TR Biofab is operating at the current time. Most of TR Biofab's value examination focuses on studying past and present price action to predict the probability of TR Biofab's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TR Biofab's price. Additionally, you may evaluate how the addition of TR Biofab to your portfolios can decrease your overall portfolio volatility.
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