Test Rite (Taiwan) Price on September 11, 2023
| 2908 Stock | TWD 20.15 0.15 0.74% |
If you're considering investing in Test Stock, it is important to understand the factors that can impact its price. As of today, the current price of Test Rite stands at 20.15, as last reported on the 29th of November, with the highest price reaching 20.35 and the lowest price hitting 20.15 during the day. Test Rite International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0826, which indicates the firm had a -0.0826% return per unit of risk over the last 3 months. Test Rite International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Test Rite's Coefficient Of Variation of (1,096), risk adjusted performance of (0.07), and Variance of 0.3031 to confirm the risk estimate we provide.
Test Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Test |
Sharpe Ratio = -0.0826
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| Negative Returns | 2908 |
Estimated Market Risk
| 0.55 actual daily | 4 96% of assets are more volatile |
Expected Return
| -0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Test Rite 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 Test Rite by adding Test Rite to a well-diversified portfolio.
Test Rite Valuation on September 11, 2023
It is possible to determine the worth of Test Rite on a given historical date. On September 11, 2023 Test was worth 20.1 at the beginning of the trading date compared to the closed value of 20.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Test Rite stock. Still, in general, we apply an absolute valuation method to find Test Rite'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 Test Rite where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Test Rite's related companies.
| Open | High | Low | Close | Volume | |
| 20.05 | 20.10 | 20.00 | 20.10 | 230,010 | |
09/11/2023 | 20.10 | 20.20 | 20.00 | 20.10 | 246,050 |
| 20.10 | 20.20 | 20.10 | 20.15 | 224,473 |
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Test Rite Trading Date Momentum on September 11, 2023
| On September 12 2023 Test Rite International was traded for 20.15 at the closing time. The highest price during the trading period was 20.20 and the lowest recorded bid was listed for 20.10 . The volume for the day was 224.5 K. This history from September 12, 2023 contributed to the next trading day price increase. The daily price change to the next closing price was 0.25% . The trading price change to the current price is 0.50% . |
Test Rite International Fundamentals Correlations and Trends
By evaluating Test Rite'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 Test Rite's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Test financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Test Rite Stock history
Test Rite 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 Test is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Test Rite 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 Test Rite stock prices may prove useful in developing a viable investing in Test Rite
Test-Rite International Co., Ltd. imports and exports hand tools, auto parts, machinery, furniture, and various home appliances worldwide. The company was founded in 1978 and is headquartered in Taipei, Taiwan. TEST RITE operates under Home Improvement Stores classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 5170 people.
Test Rite Stock Technical Analysis
Test Rite 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
Test Rite Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Test Rite International 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.
Test Rite November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Test Rite stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Test Rite shares will generate the highest return on investment. By undertsting and applying Test Rite stock market strength indicators, traders can identify Test Rite International entry and exit signals to maximize returns
Test Rite Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Test Rite's price direction in advance. Along with the technical and fundamental analysis of Test Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Test 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 | (0.07) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.60) |
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Additional Tools for Test Stock Analysis
When running Test Rite's price analysis, check to measure Test Rite'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 Test Rite is operating at the current time. Most of Test Rite's value examination focuses on studying past and present price action to predict the probability of Test Rite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Test Rite's price. Additionally, you may evaluate how the addition of Test Rite to your portfolios can decrease your overall portfolio volatility.