Promise Technology (Taiwan) Price on April 20, 2023
3057 Stock | TWD 11.85 0.30 2.47% |
If you're considering investing in Promise Stock, it is important to understand the factors that can impact its price. As of today, the current price of Promise Technology stands at 11.85, as last reported on the 28th of November, with the highest price reaching 12.20 and the lowest price hitting 11.80 during the day. Promise Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.0905, which implies the firm had a -0.0905% return per unit of risk over the last 3 months. Promise Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Promise Technology's Coefficient Of Variation of (1,552), risk adjusted performance of (0.04), and Variance of 2.37 to confirm the risk estimate we provide.
Promise Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Promise |
Sharpe Ratio = -0.0905
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Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | 3057 |
Estimated Market Risk
1.5 actual daily | 13 87% of assets are more volatile |
Expected Return
-0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Promise 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 Promise Technology by adding Promise Technology to a well-diversified portfolio.
Promise Technology Valuation on April 20, 2023
It is possible to determine the worth of Promise Technology on a given historical date. On April 20, 2023 Promise was worth 12.3 at the beginning of the trading date compared to the closed value of 11.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Promise Technology stock. Still, in general, we apply an absolute valuation method to find Promise 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 Promise Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Promise Technology's related companies.
Open | High | Low | Close | Volume | |
12.95 | 13.00 | 12.15 | 12.30 | 1,554,871 | |
04/20/2023 | 12.30 | 12.30 | 11.80 | 11.90 | 476,818 |
11.95 | 12.05 | 11.60 | 11.75 | 148,439 |
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Promise Technology Trading Date Momentum on April 20, 2023
On April 21 2023 Promise Technology was traded for 11.75 at the closing time. The highest price during the trading period was 12.05 and the lowest recorded bid was listed for 11.60 . The volume for the day was 148.4 K. This history from April 21, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 1.26% . The trading delta at closing time to the current price is 6.30% . |
Promise Technology Fundamentals Correlations and Trends
By evaluating Promise 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 Promise Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Promise financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Promise Technology Stock history
Promise 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 Promise is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Promise Technology 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 Promise Technology stock prices may prove useful in developing a viable investing in Promise Technology
PROMISE Technology, Inc. develops storage solutions for the data center, surveillance, cloud, and rich media markets worldwide. PROMISE Technology, Inc. was founded in 1988 and is headquartered in Hsinchu, Taiwan. PROMISE TECHNOLOGY is traded on Taiwan Stock Exchange in Taiwan.
Promise Technology Stock Technical Analysis
Promise 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
Promise Technology Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Promise Technology 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.
Promise Technology November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Promise 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 Promise Technology shares will generate the highest return on investment. By undertsting and applying Promise Technology stock market strength indicators, traders can identify Promise Technology entry and exit signals to maximize returns
Promise Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Promise Technology's price direction in advance. Along with the technical and fundamental analysis of Promise Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Promise 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 | (0.04) | |||
Jensen Alpha | (0.15) | |||
Total Risk Alpha | (0.34) | |||
Treynor Ratio | (0.30) |
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Volume Indicators |
Additional Tools for Promise Stock Analysis
When running Promise Technology's price analysis, check to measure Promise 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 Promise Technology is operating at the current time. Most of Promise Technology's value examination focuses on studying past and present price action to predict the probability of Promise 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 Promise Technology's price. Additionally, you may evaluate how the addition of Promise Technology to your portfolios can decrease your overall portfolio volatility.