Innolux Corp (Taiwan) Price on September 20, 2023
| 3481 Stock | TWD 15.50 0.15 0.96% |
If you're considering investing in Innolux Stock, it is important to understand the factors that can impact its price. As of today, the current price of Innolux Corp stands at 15.50, as last reported on the 11th of December 2024, with the highest price reaching 15.95 and the lowest price hitting 15.45 during the day. At this stage we consider Innolux Stock to be not too volatile. Innolux Corp holds Efficiency (Sharpe) Ratio of 0.0767, which attests that the entity had a 0.0767% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Innolux Corp, which you can use to evaluate the volatility of the firm. Please check out Innolux Corp's Market Risk Adjusted Performance of 0.2065, downside deviation of 1.56, and Risk Adjusted Performance of 0.0607 to validate if the risk estimate we provide is consistent with the expected return of 0.16%.
Innolux Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Innolux |
Sharpe Ratio = 0.0767
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 3481 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.02 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Innolux Corp is performing at about 6% 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 Innolux Corp by adding it to a well-diversified portfolio.
Innolux Corp Valuation on September 20, 2023
It is possible to determine the worth of Innolux Corp on a given historical date. On September 20, 2023 Innolux was worth 13.75 at the beginning of the trading date compared to the closed value of 13.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Innolux Corp stock. Still, in general, we apply an absolute valuation method to find Innolux Corp'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 Innolux Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Innolux Corp's related companies.
| Open | High | Low | Close | Volume | |
| 13.90 | 13.95 | 13.70 | 13.70 | 32,583,344 | |
09/20/2023 | 13.75 | 13.85 | 13.45 | 13.65 | 60,354,035 |
| 13.65 | 13.80 | 13.50 | 13.50 | 32,467,912 |
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Innolux Corp Trading Date Momentum on September 20, 2023
| On September 21 2023 Innolux Corp was traded for 13.50 at the closing time. The highest price during the trading period was 13.80 and the lowest recorded bid was listed for 13.50 . The volume for the day was 32.5 M. This history from September 21, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 1.10% . The trading delta at closing time to the current price is 3.66% . |
Innolux Corp Fundamentals Correlations and Trends
By evaluating Innolux Corp'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 Innolux Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Innolux financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Innolux Corp Stock history
Innolux Corp 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 Innolux is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Innolux 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 Innolux Corp stock prices may prove useful in developing a viable investing in Innolux Corp
Innolux Corporation, together with its subsidiaries, researches, designs, develops, manufactures, and sells TFT-LCD panels, modules, and monitors of liquid crystal displays , color filters, and low temperature poly-silicon TFT-LCDs. Innolux Corporation was founded in 2003 and is headquartered in Hsinchu, Taiwan. INNOLUX CORPORATION operates under Electronic Components classification in Taiwan and is traded on Taiwan Stock Exchange.
Innolux Corp Stock Technical Analysis
Innolux Corp 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
Innolux Corp Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Innolux 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.
Innolux Corp December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Innolux Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Innolux Corp shares will generate the highest return on investment. By undertsting and applying Innolux Corp stock market strength indicators, traders can identify Innolux Corp entry and exit signals to maximize returns
Innolux Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Innolux Corp's price direction in advance. Along with the technical and fundamental analysis of Innolux Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Innolux 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 | 0.0607 | |||
| Jensen Alpha | 0.0596 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0181 | |||
| Treynor Ratio | 0.1965 |
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| Volume Indicators |
Additional Tools for Innolux Stock Analysis
When running Innolux Corp's price analysis, check to measure Innolux Corp'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 Innolux Corp is operating at the current time. Most of Innolux Corp's value examination focuses on studying past and present price action to predict the probability of Innolux Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innolux Corp's price. Additionally, you may evaluate how the addition of Innolux Corp to your portfolios can decrease your overall portfolio volatility.