Formosa International (Taiwan) Price on June 13, 2024

2707 Stock  TWD 193.00  0.50  0.26%   
If you're considering investing in Formosa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Formosa International stands at 193.00, as last reported on the 22nd of November, with the highest price reaching 194.50 and the lowest price hitting 192.00 during the day. Formosa International secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. Formosa International Hotels exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosa International's Variance of 0.6738, mean deviation of 0.6122, and Standard Deviation of 0.8209 to check the risk estimate we provide.
  
Formosa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1204

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Estimated Market Risk

 0.83
  actual daily
7
93% of assets are more volatile

Expected Return

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

Risk-Adjusted Return

 -0.12
  actual daily
0
Most of other assets perform better
Based on monthly moving average Formosa International 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 Formosa International by adding Formosa International to a well-diversified portfolio.

Formosa International Valuation on June 13, 2024

It is possible to determine the worth of Formosa International on a given historical date. On June 13, 2024 Formosa was worth 227.0 at the beginning of the trading date compared to the closed value of 229.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Formosa International stock. Still, in general, we apply an absolute valuation method to find Formosa International'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 Formosa International where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Formosa International's related companies.
 Open High Low Close Volume
  223.00    227.00    223.00    227.00    195,508  
06/13/2024
  227.00    230.00    227.00    229.00    829,457  
  217.39    218.34    214.07    215.97    375,307  
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Open Value
227.0
224.51
Downside
229.0
Closing Value
229.49
Upside

Formosa International Trading Date Momentum on June 13, 2024

On June 14 2024 Formosa International Hotels was traded for  215.97  at the closing time. The highest price during the trading period was 218.34  and the lowest recorded bid was listed for  214.07 . The volume for the day was 375.3 K. This history from June 14, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 5.69% . The overall trading delta to the current price is 7.21% .

Formosa International Fundamentals Correlations and Trends

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

About Formosa International Stock history

Formosa International 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 Formosa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Formosa International 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 Formosa International stock prices may prove useful in developing a viable investing in Formosa International
Formosa International Hotels Corporation operates in the hotel industry in Taiwan and internationally. The company was founded in 1991 and is based in Taipei City, Taiwan. FORMOSA INTERNATIONAL operates under Lodging classification in Taiwan and is traded on Taiwan Stock Exchange.

Formosa International Stock Technical Analysis

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

Formosa International Period Price Range

Low
November 22, 2024
0.00  NaN%
High

 0.00 

     

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Formosa International Hotels 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.

Formosa International November 22, 2024 Market Strength

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

Formosa International Technical and Predictive Indicators

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

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