Shenmao Technology (Taiwan) Price on August 18, 2023

3305 Stock  TWD 63.50  0.10  0.16%   
If you're considering investing in Shenmao Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shenmao Technology stands at 63.50, as last reported on the 1st of December, with the highest price reaching 63.90 and the lowest price hitting 62.50 during the day. Shenmao Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0451, which indicates the firm had a -0.0451% return per unit of risk over the last 3 months. Shenmao Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shenmao Technology's insignificant Risk Adjusted Performance, variance of 3.95, and Coefficient Of Variation of (9,638) to confirm the risk estimate we provide.
  
Shenmao Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0451

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Estimated Market Risk

 1.99
  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 Shenmao 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 Shenmao Technology by adding Shenmao Technology to a well-diversified portfolio.

Shenmao Technology Valuation on August 18, 2023

It is possible to determine the worth of Shenmao Technology on a given historical date. On August 18, 2023 Shenmao was worth 63.9 at the beginning of the trading date compared to the closed value of 62.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shenmao Technology stock. Still, in general, we apply an absolute valuation method to find Shenmao 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 Shenmao Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shenmao Technology's related companies.
 Open High Low Close Volume
  62.30    64.80    62.00    64.40    1,029,790  
08/18/2023
  63.90    64.70    58.40    62.70    1,807,301  
  63.20    64.70    62.30    63.80    1,213,679  
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Open Value
63.9
62.7
Closing Value
69.87
Upside

Shenmao Technology Trading Date Momentum on August 18, 2023

On August 21 2023 Shenmao Technology was traded for  63.80  at the closing time. The highest price during the trading period was 64.70  and the lowest recorded bid was listed for  62.30 . The volume for the day was 1.2 M. This history from August 21, 2023 contributed to the next trading day price increase. The daily price change to the next closing price was 1.75% . The trading price change to the current price is 7.02% .

Shenmao Technology Fundamentals Correlations and Trends

By evaluating Shenmao 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 Shenmao Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shenmao financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Shenmao Technology Stock history

Shenmao 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 Shenmao is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shenmao 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 Shenmao Technology stock prices may prove useful in developing a viable investing in Shenmao Technology
Shenmao Technology Inc. manufactures and sells solder materials for the electronic industry worldwide. Shenmao Technology Inc. was founded in 1973 and is headquartered in Taoyuan, Taiwan. SHENMAO TECHNOLOGY operates under Electronic Components classification in Taiwan and is traded on Taiwan Stock Exchange.

Shenmao Technology Stock Technical Analysis

Shenmao 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.
A focus of Shenmao Technology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Shenmao Technology trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Shenmao Technology Period Price Range

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Shenmao 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.

Shenmao Technology December 1, 2024 Market Strength

Market strength indicators help investors to evaluate how Shenmao 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 Shenmao Technology shares will generate the highest return on investment. By undertsting and applying Shenmao Technology stock market strength indicators, traders can identify Shenmao Technology entry and exit signals to maximize returns

Shenmao Technology Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Shenmao Technology's price direction in advance. Along with the technical and fundamental analysis of Shenmao Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shenmao 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.

Additional Tools for Shenmao Stock Analysis

When running Shenmao Technology's price analysis, check to measure Shenmao 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 Shenmao Technology is operating at the current time. Most of Shenmao Technology's value examination focuses on studying past and present price action to predict the probability of Shenmao 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 Shenmao Technology's price. Additionally, you may evaluate how the addition of Shenmao Technology to your portfolios can decrease your overall portfolio volatility.