Chernan Metal (Taiwan) Price on November 28, 2024
| 3631 Stock | TWD 40.45 0.10 0.25% |
If you're considering investing in Chernan Stock, it is important to understand the factors that can impact its price. As of today, the current price of Chernan Metal stands at 40.45, as last reported on the 3rd of December, with the highest price reaching 41.10 and the lowest price hitting 40.00 during the day. Chernan Metal Industrial secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of standard deviation over the last 3 months. Chernan Metal Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chernan Metal's mean deviation of 1.23, and Risk Adjusted Performance of (0.12) to double-check the risk estimate we provide.
Chernan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Chernan |
Sharpe Ratio = -0.1695
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 3631 |
Estimated Market Risk
| 1.91 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.32 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 Chernan Metal 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 Chernan Metal by adding Chernan Metal to a well-diversified portfolio.
Chernan Metal Valuation on November 28, 2024
It is possible to determine the worth of Chernan Metal on a given historical date. On November 28, 2024 Chernan was worth 40.85 at the beginning of the trading date compared to the closed value of 40.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chernan Metal stock. Still, in general, we apply an absolute valuation method to find Chernan Metal'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 Chernan Metal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chernan Metal's related companies.
| Open | High | Low | Close | Volume | |
| 41.40 | 41.55 | 40.35 | 41.05 | 172,100 | |
11/28/2024 | 40.85 | 41.15 | 40.10 | 40.80 | 76,020 |
| 40.75 | 40.85 | 40.30 | 40.55 | 62,100 |
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Chernan Metal Trading Date Momentum on November 28, 2024
| On November 29 2024 Chernan Metal Industrial was traded for 40.55 at the closing time. The highest price during the trading period was 40.85 and the lowest recorded bid was listed for 40.30 . The volume for the day was 62.1 K. This history from November 29, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.61% . The overall trading delta to the current price is 0.49% . |
Chernan Metal Industrial Fundamentals Correlations and Trends
By evaluating Chernan Metal'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 Chernan Metal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Chernan financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Chernan Metal Stock history
Chernan Metal 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 Chernan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chernan Metal Industrial 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 Chernan Metal stock prices may prove useful in developing a viable investing in Chernan Metal
Chernan Metal Stock Technical Analysis
Chernan Metal 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
Chernan Metal Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Chernan Metal Industrial cannot be verified against its exchange. Please verify the symbol is currently traded on Taiwan OTC 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.
Chernan Metal December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Chernan Metal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chernan Metal shares will generate the highest return on investment. By undertsting and applying Chernan Metal stock market strength indicators, traders can identify Chernan Metal Industrial entry and exit signals to maximize returns
Chernan Metal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Chernan Metal's price direction in advance. Along with the technical and fundamental analysis of Chernan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Chernan 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 | (0.37) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (1.08) |
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| Volume Indicators |
Additional Tools for Chernan Stock Analysis
When running Chernan Metal's price analysis, check to measure Chernan Metal'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 Chernan Metal is operating at the current time. Most of Chernan Metal's value examination focuses on studying past and present price action to predict the probability of Chernan Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chernan Metal's price. Additionally, you may evaluate how the addition of Chernan Metal to your portfolios can decrease your overall portfolio volatility.