Chinese Maritime (Taiwan) Price on August 1, 2023
| 2612 Stock | TWD 44.90 0.40 0.88% |
If you're considering investing in Chinese Stock, it is important to understand the factors that can impact its price. As of today, the current price of Chinese Maritime stands at 44.90, as last reported on the 27th of November, with the highest price reaching 45.55 and the lowest price hitting 44.75 during the day. At this stage we consider Chinese Stock to be very steady. Chinese Maritime Tra secures Sharpe Ratio (or Efficiency) of 0.0584, which signifies that the company had a 0.0584% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Chinese Maritime Transport, which you can use to evaluate the volatility of the firm. Please confirm Chinese Maritime's Risk Adjusted Performance of 0.051, downside deviation of 1.57, and Mean Deviation of 1.1 to double-check if the risk estimate we provide is consistent with the expected return of 0.0988%.
Chinese Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Chinese |
Sharpe Ratio = 0.0584
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| Cash | Small Risk | 2612 | High Risk | Huge Risk |
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Estimated Market Risk
| 1.69 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Chinese Maritime is performing at about 4% 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 Chinese Maritime by adding it to a well-diversified portfolio.
Chinese Maritime Valuation on August 1, 2023
It is possible to determine the worth of Chinese Maritime on a given historical date. On August 1, 2023 Chinese was worth 41.35 at the beginning of the trading date compared to the closed value of 44.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chinese Maritime stock. Still, in general, we apply an absolute valuation method to find Chinese Maritime'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 Chinese Maritime where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chinese Maritime's related companies.
| Open | High | Low | Close | Volume | |
| 42.45 | 42.55 | 40.35 | 41.20 | 1,482,503 | |
08/01/2023 | 41.35 | 44.75 | 41.20 | 44.30 | 4,697,520 |
| 44.35 | 44.65 | 41.30 | 41.55 | 4,647,565 |
| Backtest Chinese Maritime | | | Chinese Maritime History | | | Chinese Maritime Valuation | Previous | Next |
Chinese Maritime Trading Date Momentum on August 1, 2023
| On August 02 2023 Chinese Maritime Transport was traded for 41.55 at the closing time. The highest price during the trading period was 44.65 and the lowest recorded bid was listed for 41.30 . The volume for the day was 4.6 M. This history from August 2, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 6.21% . The overall trading delta to the current price is 8.58% . |
Chinese Maritime Tra Fundamentals Correlations and Trends
By evaluating Chinese Maritime'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 Chinese Maritime's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Chinese financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Chinese Maritime Stock history
Chinese Maritime 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 Chinese is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chinese Maritime Tra 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 Chinese Maritime stock prices may prove useful in developing a viable investing in Chinese Maritime
Chinese Maritime Transport Ltd., through its subsidiaries, operates bulk carriers, and inland container transportation and terminals in Taiwan and internationally. Chinese Maritime Transport Ltd. was incorporated in 1978 and is headquartered in Taipei, Taiwan. CHINESE MARITIME operates under Shipping Ports classification in Taiwan and is traded on Taiwan Stock Exchange.
Chinese Maritime Stock Technical Analysis
Chinese Maritime 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
Chinese Maritime Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Chinese Maritime 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.
Chinese Maritime November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Chinese Maritime stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chinese Maritime shares will generate the highest return on investment. By undertsting and applying Chinese Maritime stock market strength indicators, traders can identify Chinese Maritime Transport entry and exit signals to maximize returns
Chinese Maritime Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Chinese Maritime's price direction in advance. Along with the technical and fundamental analysis of Chinese Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Chinese 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 | 0.051 | |||
| Jensen Alpha | 0.0698 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.5667 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Chinese Stock Analysis
When running Chinese Maritime's price analysis, check to measure Chinese Maritime'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 Chinese Maritime is operating at the current time. Most of Chinese Maritime's value examination focuses on studying past and present price action to predict the probability of Chinese Maritime's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chinese Maritime's price. Additionally, you may evaluate how the addition of Chinese Maritime to your portfolios can decrease your overall portfolio volatility.