Optimax Technology (Taiwan) Price on November 25, 2024
| 3051 Stock | TWD 31.15 0.15 0.48% |
If you're considering investing in Optimax Stock, it is important to understand the factors that can impact its price. As of today, the current price of Optimax Technology stands at 31.15, as last reported on the 1st of December, with the highest price reaching 31.40 and the lowest price hitting 30.70 during the day. Optimax Technology Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.019, which implies the firm had a -0.019% return per unit of risk over the last 3 months. Optimax Technology Corp exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Optimax Technology's Risk Adjusted Performance of 0.0489, coefficient of variation of 1805.55, and Semi Deviation of 1.82 to confirm the risk estimate we provide.
Optimax Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Optimax |
Sharpe Ratio = -0.019
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| Negative Returns | 3051 |
Estimated Market Risk
| 1.98 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.04 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 Optimax Technology 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 Optimax Technology by adding Optimax Technology to a well-diversified portfolio.
Optimax Technology Valuation on November 25, 2024
It is possible to determine the worth of Optimax Technology on a given historical date. On November 25, 2024 Optimax was worth 32.0 at the beginning of the trading date compared to the closed value of 32.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Optimax Technology stock. Still, in general, we apply an absolute valuation method to find Optimax Technology'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 Optimax Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Optimax Technology's related companies.
| Open | High | Low | Close | Volume | |
| 31.80 | 32.25 | 31.60 | 31.85 | 564,365 | |
11/25/2024 | 32.00 | 32.75 | 31.50 | 32.45 | 809,017 |
| 32.20 | 32.50 | 32.00 | 32.00 | 483,572 |
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Optimax Technology Trading Date Momentum on November 25, 2024
| On November 26 2024 Optimax Technology Corp was traded for 32.00 at the closing time. The highest price during the trading period was 32.50 and the lowest recorded bid was listed for 32.00 . The volume for the day was 483.6 K. This history from November 26, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.39% . The trading delta at closing time to the current price is 4.78% . |
Optimax Technology Corp Fundamentals Correlations and Trends
By evaluating Optimax Technology'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 Optimax Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Optimax financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Optimax Technology Stock history
Optimax Technology 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 Optimax is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Optimax Technology Corp 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 Optimax Technology stock prices may prove useful in developing a viable investing in Optimax Technology
Optimax Technology Corporation manufactures and sells polarizers for liquid crystal display manufacturers. The company was founded in 1987 and is based in Taoyuan, Taiwan. OPTIMAX TECHNOLOGY is traded on Taiwan Stock Exchange in Taiwan.
Optimax Technology Stock Technical Analysis
Optimax Technology 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
Optimax Technology Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Optimax Technology Corp 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.
Optimax Technology December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Optimax Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Optimax Technology shares will generate the highest return on investment. By undertsting and applying Optimax Technology stock market strength indicators, traders can identify Optimax Technology Corp entry and exit signals to maximize returns
Optimax Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Optimax Technology's price direction in advance. Along with the technical and fundamental analysis of Optimax Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Optimax 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 | 0.0489 | |||
| Jensen Alpha | 0.0902 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.6658 |
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Additional Tools for Optimax Stock Analysis
When running Optimax Technology's price analysis, check to measure Optimax Technology'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 Optimax Technology is operating at the current time. Most of Optimax Technology's value examination focuses on studying past and present price action to predict the probability of Optimax Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Optimax Technology's price. Additionally, you may evaluate how the addition of Optimax Technology to your portfolios can decrease your overall portfolio volatility.