Formosa Sumco (Taiwan) Price on October 31, 2024
| 3532 Stock | TWD 116.50 0.50 0.43% |
If you're considering investing in Formosa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Formosa Sumco stands at 116.50, as last reported on the 24th of November, with the highest price reaching 118.00 and the lowest price hitting 116.50 during the day. Formosa Sumco Technology secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17% return per unit of risk over the last 3 months. Formosa Sumco Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosa Sumco's Standard Deviation of 1.77, variance of 3.12, and Mean Deviation of 1.36 to check the risk estimate we provide.
Formosa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Formosa |
Sharpe Ratio = -0.1732
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| Negative Returns | 3532 |
Estimated Market Risk
| 1.79 actual daily | 15 85% of assets are more volatile |
Expected Return
| -0.31 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Formosa Sumco 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 Formosa Sumco by adding Formosa Sumco to a well-diversified portfolio.
Formosa Sumco Valuation on October 31, 2024
It is possible to determine the worth of Formosa Sumco on a given historical date. On October 31, 2024 Formosa was worth 119.5 at the beginning of the trading date compared to the closed value of 119.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Formosa Sumco stock. Still, in general, we apply an absolute valuation method to find Formosa Sumco'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 Formosa Sumco where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Formosa Sumco's related companies.
| Open | High | Low | Close | Volume | |
| 120.50 | 120.50 | 118.50 | 119.50 | 284,459 | |
10/31/2024 | 119.50 | 119.50 | 119.50 | 119.50 | 1.00 |
| 118.50 | 123.00 | 118.00 | 123.00 | 435,403 |
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Formosa Sumco Trading Date Momentum on October 31, 2024
| On November 01 2024 Formosa Sumco Technology was traded for 123.00 at the closing time. The highest price during the trading period was 123.00 and the lowest recorded bid was listed for 118.00 . The volume for the day was 435.4 K. This history from November 1, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 2.93% . The overall trading delta to the current price is 3.35% . |
Formosa Sumco Technology Fundamentals Correlations and Trends
By evaluating Formosa Sumco'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 Formosa Sumco's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Formosa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Formosa Sumco Stock history
Formosa Sumco 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 Formosa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Formosa Sumco 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 Formosa Sumco stock prices may prove useful in developing a viable investing in Formosa Sumco
Formosa Sumco Technology Corporation provides silicon wafer in Taiwan. Formosa Sumco Technology Corporation is a subsidiary of Sumco Techxiv Corporation. FORMOSA SUMCO is traded on Taiwan Stock Exchange in Taiwan.
Formosa Sumco Stock Technical Analysis
Formosa Sumco 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
Formosa Sumco Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Formosa Sumco 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.
Formosa Sumco November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Formosa Sumco stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Formosa Sumco shares will generate the highest return on investment. By undertsting and applying Formosa Sumco stock market strength indicators, traders can identify Formosa Sumco Technology entry and exit signals to maximize returns
Formosa Sumco Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Formosa Sumco's price direction in advance. Along with the technical and fundamental analysis of Formosa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Formosa 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 | (0.12) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.63) |
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Additional Tools for Formosa Stock Analysis
When running Formosa Sumco's price analysis, check to measure Formosa Sumco'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 Formosa Sumco is operating at the current time. Most of Formosa Sumco's value examination focuses on studying past and present price action to predict the probability of Formosa Sumco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Sumco's price. Additionally, you may evaluate how the addition of Formosa Sumco to your portfolios can decrease your overall portfolio volatility.