Asia Optical (Taiwan) Price on August 23, 2024
3019 Stock | TWD 107.50 3.00 2.87% |
If you're considering investing in Asia Stock, it is important to understand the factors that can impact its price. As of today, the current price of Asia Optical stands at 107.50, as last reported on the 1st of December, with the highest price reaching 108.00 and the lowest price hitting 103.50 during the day. Asia Optical secures Sharpe Ratio (or Efficiency) of -0.0455, which signifies that the company had a -0.0455% return per unit of risk over the last 3 months. Asia Optical Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Optical's Standard Deviation of 3.13, risk adjusted performance of (0.03), and Mean Deviation of 2.31 to double-check the risk estimate we provide.
Asia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Asia |
Sharpe Ratio = -0.0455
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Negative Returns | 3019 |
Estimated Market Risk
3.05 actual daily | 27 73% of assets are more volatile |
Expected Return
-0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Asia Optical 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 Asia Optical by adding Asia Optical to a well-diversified portfolio.
Asia Optical Valuation on August 23, 2024
It is possible to determine the worth of Asia Optical on a given historical date. On August 23, 2024 Asia was worth 117.0 at the beginning of the trading date compared to the closed value of 121.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Asia Optical stock. Still, in general, we apply an absolute valuation method to find Asia Optical'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 Asia Optical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Asia Optical's related companies.
Open | High | Low | Close | Volume | |
125.00 | 125.00 | 114.50 | 116.00 | 35,753,866 | |
08/23/2024 | 117.00 | 122.50 | 116.50 | 121.50 | 23,186,272 |
121.50 | 121.50 | 115.00 | 115.00 | 14,605,996 |
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Asia Optical Trading Date Momentum on August 23, 2024
On August 26 2024 Asia Optical Co was traded for 115.00 at the closing time. The highest price during the trading period was 121.50 and the lowest recorded bid was listed for 115.00 . The volume for the day was 14.6 M. This history from August 26, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 5.35% . The overall trading delta to the current price is 1.23% . |
Asia Optical Fundamentals Correlations and Trends
By evaluating Asia Optical'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 Asia Optical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Asia financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Asia Optical Stock history
Asia Optical 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 Asia is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Asia Optical 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 Asia Optical stock prices may prove useful in developing a viable investing in Asia Optical
Asia Optical Co., Inc. manufactures, processes, and sells cameras, riflescopes, photocopier lens, scanner lens, and optical components in Asia and the United States. The company was founded in 1980 and is headquartered in Taichung City, Taiwan. ASIA OPTICAL operates under Electronic Components classification in Taiwan and is traded on Taiwan Stock Exchange.
Asia Optical Stock Technical Analysis
Asia Optical 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
Asia Optical Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Asia Optical Co 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.
Asia Optical December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Asia Optical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Asia Optical shares will generate the highest return on investment. By undertsting and applying Asia Optical stock market strength indicators, traders can identify Asia Optical Co entry and exit signals to maximize returns
Asia Optical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Asia Optical's price direction in advance. Along with the technical and fundamental analysis of Asia Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Asia 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 | (0.03) | |||
Jensen Alpha | (0.15) | |||
Total Risk Alpha | (0.67) | |||
Treynor Ratio | (3.77) |
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Additional Tools for Asia Stock Analysis
When running Asia Optical's price analysis, check to measure Asia Optical'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 Asia Optical is operating at the current time. Most of Asia Optical's value examination focuses on studying past and present price action to predict the probability of Asia Optical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asia Optical's price. Additionally, you may evaluate how the addition of Asia Optical to your portfolios can decrease your overall portfolio volatility.