Bright Led (Taiwan) Price on March 6, 2023
| 3031 Stock | TWD 21.15 0.50 2.31% |
If you're considering investing in Bright Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bright Led stands at 21.15, as last reported on the 11th of December 2024, with the highest price reaching 21.45 and the lowest price hitting 20.90 during the day. At this stage we consider Bright Stock to be not too volatile. Bright Led Electronics secures Sharpe Ratio (or Efficiency) of 0.0247, which signifies that the company had a 0.0247% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bright Led Electronics, which you can use to evaluate the volatility of the firm. Please confirm Bright Led's Mean Deviation of 2.06, risk adjusted performance of 0.0233, and Downside Deviation of 2.29 to double-check if the risk estimate we provide is consistent with the expected return of 0.0761%.
Bright Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bright |
Sharpe Ratio = 0.0247
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| Cash | Small Risk | 3031 | High Risk | Huge Risk |
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Estimated Market Risk
| 3.08 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Bright Led is performing at about 1% 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 Bright Led by adding it to a well-diversified portfolio.
Bright Led Valuation on March 6, 2023
It is possible to determine the worth of Bright Led on a given historical date. On March 6, 2023 Bright was worth 16.6 at the beginning of the trading date compared to the closed value of 16.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bright Led stock. Still, in general, we apply an absolute valuation method to find Bright Led'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 Bright Led where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bright Led's related companies.
| Open | High | Low | Close | Volume | |
| 16.50 | 16.55 | 16.30 | 16.40 | 114,007 | |
03/06/2023 | 16.60 | 16.95 | 16.60 | 16.75 | 437,455 |
| 16.75 | 16.90 | 16.75 | 16.75 | 214,271 |
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Bright Led Trading Date Momentum on March 6, 2023
| On March 07 2023 Bright Led Electronics was traded for 16.75 at the closing time. The highest price during the trading period was 16.90 and the lowest recorded bid was listed for 16.75 . The volume for the day was 214.3 K. This history from March 7, 2023 did not affect price variability. The overall trading delta to the current price is 1.49% . |
Bright Led Electronics Fundamentals Correlations and Trends
By evaluating Bright Led'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 Bright Led's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bright financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bright Led Stock history
Bright Led 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 Bright is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bright Led Electronics 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 Bright Led stock prices may prove useful in developing a viable investing in Bright Led
Bright LED Electronics Corp. manufactures and sells LED products. The company was founded in 1981 and is based in New Taipei City, Taiwan. BRIGHT LED operates under Semiconductors classification in Taiwan and is traded on Taiwan Stock Exchange.
Bright Led Stock Technical Analysis
Bright Led 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
Bright Led Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Bright Led Electronics 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.
Bright Led December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Bright Led stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bright Led shares will generate the highest return on investment. By undertsting and applying Bright Led stock market strength indicators, traders can identify Bright Led Electronics entry and exit signals to maximize returns
Bright Led Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bright Led's price direction in advance. Along with the technical and fundamental analysis of Bright Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bright 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 | 0.0233 | |||
| Jensen Alpha | 0.0447 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.5878 |
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Additional Tools for Bright Stock Analysis
When running Bright Led's price analysis, check to measure Bright Led'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 Bright Led is operating at the current time. Most of Bright Led's value examination focuses on studying past and present price action to predict the probability of Bright Led's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bright Led's price. Additionally, you may evaluate how the addition of Bright Led to your portfolios can decrease your overall portfolio volatility.