U Ming (Taiwan) Price on February 27, 2024
| 2606 Stock | TWD 59.60 0.60 1.02% |
If you're considering investing in 2606 Stock, it is important to understand the factors that can impact its price. As of today, the current price of U Ming stands at 59.60, as last reported on the 29th of November, with the highest price reaching 59.70 and the lowest price hitting 59.00 during the day. At this stage we consider 2606 Stock to be very steady. U Ming Marine owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for U Ming Marine Transport, which you can use to evaluate the volatility of the entity. Please validate U Ming's Downside Deviation of 1.28, market risk adjusted performance of 4.28, and Risk Adjusted Performance of 0.0972 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%.
2606 Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
2606 |
Sharpe Ratio = 0.1413
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Estimated Market Risk
| 1.27 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average U Ming is performing at about 11% of its full potential. 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 U Ming by adding it to a well-diversified portfolio.
U Ming Valuation on February 27, 2024
It is possible to determine the worth of U Ming on a given historical date. On February 27, 2024 2606 was worth 54.5 at the beginning of the trading date compared to the closed value of 53.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of U Ming stock. Still, in general, we apply an absolute valuation method to find U Ming'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 U Ming where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against U Ming's related companies.
| Open | High | Low | Close | Volume | |
| 54.10 | 54.90 | 53.80 | 54.80 | 11,985,407 | |
02/27/2024 | 54.50 | 54.90 | 53.00 | 53.60 | 7,979,391 |
| 55.10 | 56.00 | 54.80 | 55.60 | 18,111,930 |
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U Ming Trading Date Momentum on February 27, 2024
| On February 29 2024 U Ming Marine Transport was traded for 55.60 at the closing time. The highest price during the trading period was 56.00 and the lowest recorded bid was listed for 54.80 . The volume for the day was 18.1 M. This history from February 29, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 3.73% . The trading price change to the current price is 0.56% . |
U Ming Marine Fundamentals Correlations and Trends
By evaluating U Ming'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 U Ming's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. 2606 financial account trend analysis is a perfect complement when working with valuation or volatility modules.About U Ming Stock history
U Ming 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 2606 is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in U Ming Marine 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 U Ming stock prices may prove useful in developing a viable investing in U Ming
U-Ming Marine Transport Corporation, together with its subsidiaries, engages in the marine transportation business worldwide. The company was founded in 1968 and is based in Taipei, Taiwan. U MING operates under Shipping Ports classification in Taiwan and is traded on Taiwan Stock Exchange.
U Ming Stock Technical Analysis
U Ming 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
U Ming Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
U Ming Marine Transport 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.
U Ming November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how U Ming stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading U Ming shares will generate the highest return on investment. By undertsting and applying U Ming stock market strength indicators, traders can identify U Ming Marine Transport entry and exit signals to maximize returns
U Ming Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for U Ming's price direction in advance. Along with the technical and fundamental analysis of 2606 Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of 2606 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 | 0.0972 | |||
| Jensen Alpha | 0.1426 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0242 | |||
| Treynor Ratio | 4.27 |
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Additional Tools for 2606 Stock Analysis
When running U Ming's price analysis, check to measure U Ming'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 U Ming is operating at the current time. Most of U Ming's value examination focuses on studying past and present price action to predict the probability of U Ming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move U Ming's price. Additionally, you may evaluate how the addition of U Ming to your portfolios can decrease your overall portfolio volatility.