Test Research (Taiwan) Price on September 27, 2024
| 3030 Stock | TWD 146.00 16.50 12.74% |
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 Research stands at 146.00, as last reported on the 24th of November, with the highest price reaching 146.00 and the lowest price hitting 134.50 during the day. Test Research owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0167, which indicates the firm had a -0.0167% return per unit of risk over the last 3 months. Test Research exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Test Research's Coefficient Of Variation of (6,347), variance of 10.88, and insignificant Risk Adjusted Performance 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 = -0.0167
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 3030 |
Estimated Market Risk
| 3.31 actual daily | 29 71% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Test Research 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 Research by adding Test Research to a well-diversified portfolio.
Test Research Valuation on September 27, 2024
It is possible to determine the worth of Test Research on a given historical date. On September 27, 2024 Test was worth 150.0 at the beginning of the trading date compared to the closed value of 144.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Test Research stock. Still, in general, we apply an absolute valuation method to find Test Research'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 Research where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Test Research's related companies.
| Open | High | Low | Close | Volume | |
| 153.50 | 154.50 | 147.50 | 147.50 | 2,062,069 | |
09/27/2024 | 150.00 | 151.00 | 144.00 | 144.50 | 1,488,552 |
| 144.50 | 145.00 | 140.00 | 141.50 | 1,003,911 |
| Backtest Test Research | | | Test Research History | | | Test Research Valuation | Previous | Next |
Test Research Trading Date Momentum on September 27, 2024
| On September 30 2024 Test Research was traded for 141.50 at the closing time. The highest price during the trading period was 145.00 and the lowest recorded bid was listed for 140.00 . The volume for the day was 1 M. This history from September 30, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.08% . The trading price change to the current price is 3.46% . |
Test Research Fundamentals Correlations and Trends
By evaluating Test Research'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 Research'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 Research Stock history
Test Research 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 Research 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 Research stock prices may prove useful in developing a viable investing in Test Research
Test Research, Inc. provides PCBA testing and inspection products. Test Research, Inc. was founded in 1989 and is headquartered in Taipei City, Taiwan. TEST RESEARCH operates under Scientific Technical Instruments classification in Taiwan and is traded on Taiwan Stock Exchange.
Test Research Stock Technical Analysis
Test Research 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 Research Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Test Research 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 Research November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Test Research 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 Research shares will generate the highest return on investment. By undertsting and applying Test Research stock market strength indicators, traders can identify Test Research entry and exit signals to maximize returns
Test Research Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Test Research'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) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.09) |
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Additional Tools for Test Stock Analysis
When running Test Research's price analysis, check to measure Test Research'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 Research is operating at the current time. Most of Test Research's value examination focuses on studying past and present price action to predict the probability of Test Research'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 Research's price. Additionally, you may evaluate how the addition of Test Research to your portfolios can decrease your overall portfolio volatility.