Universal Vision (Taiwan) Price on November 21, 2024
3218 Stock | TWD 215.50 5.00 2.38% |
If you're considering investing in Universal Stock, it is important to understand the factors that can impact its price. As of today, the current price of Universal Vision stands at 215.50, as last reported on the 24th of November, with the highest price reaching 216.50 and the lowest price hitting 213.00 during the day. Universal Vision Bio owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0474, which indicates the firm had a -0.0474% return per unit of risk over the last 3 months. Universal Vision Biotechnology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Universal Vision's Risk Adjusted Performance of (0.03), coefficient of variation of (2,422), and Variance of 3.57 to confirm the risk estimate we provide.
Universal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Universal |
Sharpe Ratio = -0.0474
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Negative Returns | 3218 |
Estimated Market Risk
1.92 actual daily | 17 83% of assets are more volatile |
Expected Return
-0.09 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 Universal Vision 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 Universal Vision by adding Universal Vision to a well-diversified portfolio.
Universal Vision Valuation on November 21, 2024
It is possible to determine the worth of Universal Vision on a given historical date. On November 21, 2024 Universal was worth 210.5 at the beginning of the trading date compared to the closed value of 210.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Universal Vision stock. Still, in general, we apply an absolute valuation method to find Universal Vision'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 Universal Vision where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Universal Vision's related companies.
Open | High | Low | Close | Volume | |
210.50 | 210.50 | 210.50 | 210.50 | 114,721 | |
11/21/2024 | 210.50 | 210.50 | 210.50 | 210.50 | 158,505 |
213.00 | 216.50 | 213.00 | 215.50 | 86,884 |
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Universal Vision Trading Date Momentum on November 21, 2024
On November 22 2024 Universal Vision Biotechnology was traded for 215.50 at the closing time. The highest price during the trading period was 216.50 and the lowest recorded bid was listed for 213.00 . The volume for the day was 86.9 K. This history from November 22, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 2.38% . The trading price change to the current price is 1.19% . |
Universal Vision Bio Fundamentals Correlations and Trends
By evaluating Universal Vision'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 Universal Vision's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Universal financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Universal Vision Stock history
Universal Vision 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 Universal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Universal Vision Bio 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 Universal Vision stock prices may prove useful in developing a viable investing in Universal Vision
Universal Vision Biotechnology Co., Ltd. operates a chain of eye care clinics in Taiwan and China. Universal Vision Biotechnology Co., Ltd. was founded in 1992 and is based in Taipei, Taiwan. UNIVERSAL VISION is traded on Taiwan OTC Exchange in Taiwan.
Universal Vision Stock Technical Analysis
Universal Vision 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
Universal Vision Period Price Range
Low | November 24, 2024
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0.00 | 0.00 |
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Universal Vision November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Universal Vision stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Universal Vision shares will generate the highest return on investment. By undertsting and applying Universal Vision stock market strength indicators, traders can identify Universal Vision Biotechnology entry and exit signals to maximize returns
Universal Vision Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Universal Vision's price direction in advance. Along with the technical and fundamental analysis of Universal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Universal 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 | (0.39) | |||
Treynor Ratio | (0.16) |
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Additional Tools for Universal Stock Analysis
When running Universal Vision's price analysis, check to measure Universal Vision'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 Universal Vision is operating at the current time. Most of Universal Vision's value examination focuses on studying past and present price action to predict the probability of Universal Vision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Universal Vision's price. Additionally, you may evaluate how the addition of Universal Vision to your portfolios can decrease your overall portfolio volatility.