Favite (Taiwan) Price on October 31, 2024
| 3535 Stock | TWD 52.50 0.70 1.35% |
If you're considering investing in Favite Stock, it is important to understand the factors that can impact its price. As of today, the current price of Favite stands at 52.50, as last reported on the 25th of November, with the highest price reaching 54.40 and the lowest price hitting 52.10 during the day. Favite Inc 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. Favite Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Favite's Standard Deviation of 3.38, variance of 11.44, and Mean Deviation of 2.55 to check the risk estimate we provide.
Favite Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Favite |
Sharpe Ratio = -0.1713
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| Negative Returns | 3535 |
Estimated Market Risk
| 3.41 actual daily | 30 70% of assets are more volatile |
Expected Return
| -0.58 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 Favite 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 Favite by adding Favite to a well-diversified portfolio.
Favite Valuation on October 31, 2024
It is possible to determine the worth of Favite on a given historical date. On October 31, 2024 Favite was worth 55.9 at the beginning of the trading date compared to the closed value of 55.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Favite stock. Still, in general, we apply an absolute valuation method to find Favite'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 Favite where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Favite's related companies.
| Open | High | Low | Close | Volume | |
| 58.30 | 58.30 | 55.90 | 55.90 | 2,474,461 | |
10/31/2024 | 55.90 | 55.90 | 55.90 | 55.90 | 1.00 |
| 54.40 | 58.00 | 54.10 | 57.80 | 2,890,449 |
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Favite Trading Date Momentum on October 31, 2024
| On November 01 2024 Favite Inc was traded for 57.80 at the closing time. The highest price during the trading period was 58.00 and the lowest recorded bid was listed for 54.10 . The volume for the day was 2.9 M. This history from November 1, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 3.40% . The overall trading delta to the current price is 0.36% . |
Favite Inc Fundamentals Correlations and Trends
By evaluating Favite'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 Favite's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Favite financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Favite Stock history
Favite 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 Favite is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Favite Inc 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 Favite stock prices may prove useful in developing a viable investing in Favite
Favite Inc. engages in the research, development, and manufacture of automatic optical detection and testing equipment. Favite Inc. was founded in 2000 and is headquartered in Zhubei, Taiwan. FAVITE INC operates under Computer Hardware classification in Taiwan and is traded on Taiwan Stock Exchange.
Favite Stock Technical Analysis
Favite 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
Favite Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Favite Inc 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.
Favite November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Favite stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Favite shares will generate the highest return on investment. By undertsting and applying Favite stock market strength indicators, traders can identify Favite Inc entry and exit signals to maximize returns
Favite Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Favite's price direction in advance. Along with the technical and fundamental analysis of Favite Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Favite 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 | (0.56) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (15.50) |
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Additional Tools for Favite Stock Analysis
When running Favite's price analysis, check to measure Favite'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 Favite is operating at the current time. Most of Favite's value examination focuses on studying past and present price action to predict the probability of Favite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Favite's price. Additionally, you may evaluate how the addition of Favite to your portfolios can decrease your overall portfolio volatility.