HiTi Digital (Taiwan) Price on April 22, 2024
| 3494 Stock | TWD 16.25 0.55 3.50% |
If you're considering investing in HiTi Stock, it is important to understand the factors that can impact its price. As of today, the current price of HiTi Digital stands at 16.25, as last reported on the 28th of November, with the highest price reaching 17.25 and the lowest price hitting 15.35 during the day. HiTi Digital is relatively risky given 3 months investment horizon. HiTi Digital holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of volatility over the last 3 months. We are able to interpolate and break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.06% are justified by taking the suggested risk. Use HiTi Digital risk adjusted performance of 0.1044, and Market Risk Adjusted Performance of 1.37 to evaluate company specific risk that cannot be diversified away.
HiTi Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
HiTi |
Sharpe Ratio = 0.1323
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | 3494 | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 15.55 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.06 actual daily | 41 59% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average HiTi Digital is performing at about 10% 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 HiTi Digital by adding it to a well-diversified portfolio.
HiTi Digital Valuation on April 22, 2024
It is possible to determine the worth of HiTi Digital on a given historical date. On April 22, 2024 HiTi was worth 5.08 at the beginning of the trading date compared to the closed value of 5.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of HiTi Digital stock. Still, in general, we apply an absolute valuation method to find HiTi Digital'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 HiTi Digital where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against HiTi Digital's related companies.
| Open | High | Low | Close | Volume | |
| 5.11 | 5.14 | 5.08 | 5.08 | 108,988 | |
04/22/2024 | 5.08 | 5.18 | 5.00 | 5.00 | 105,803 |
| 5.00 | 5.34 | 5.00 | 5.19 | 86,337 |
| Backtest HiTi Digital | | | HiTi Digital History | | | HiTi Digital Valuation | Previous | Next |
HiTi Digital Trading Date Momentum on April 22, 2024
| On April 23 2024 HiTi Digital was traded for 5.19 at the closing time. The highest price during the trading period was 5.34 and the lowest recorded bid was listed for 5.00 . The volume for the day was 86.3 K. This history from April 23, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 3.80% . The trading delta at closing time to the current price is 2.80% . |
HiTi Digital Fundamentals Correlations and Trends
By evaluating HiTi Digital'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 HiTi Digital's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. HiTi financial account trend analysis is a perfect complement when working with valuation or volatility modules.About HiTi Digital Stock history
HiTi Digital 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 HiTi is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in HiTi Digital 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 HiTi Digital stock prices may prove useful in developing a viable investing in HiTi Digital
HiTi Digital Stock Technical Analysis
HiTi Digital 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
HiTi Digital Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
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HiTi Digital November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how HiTi Digital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading HiTi Digital shares will generate the highest return on investment. By undertsting and applying HiTi Digital stock market strength indicators, traders can identify HiTi Digital entry and exit signals to maximize returns
HiTi Digital Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for HiTi Digital's price direction in advance. Along with the technical and fundamental analysis of HiTi Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of HiTi 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 | 0.1044 | |||
| Jensen Alpha | 1.7 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | 0.7178 | |||
| Treynor Ratio | 1.36 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for HiTi Stock Analysis
When running HiTi Digital's price analysis, check to measure HiTi Digital'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 HiTi Digital is operating at the current time. Most of HiTi Digital's value examination focuses on studying past and present price action to predict the probability of HiTi Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HiTi Digital's price. Additionally, you may evaluate how the addition of HiTi Digital to your portfolios can decrease your overall portfolio volatility.