Optivision Technology (Taiwan) Price on October 8, 2024
| 3666 Stock | TWD 30.40 0.05 0.16% |
If you're considering investing in Optivision Stock, it is important to understand the factors that can impact its price. As of today, the current price of Optivision Technology stands at 30.40, as last reported on the 30th of November, with the highest price reaching 30.45 and the lowest price hitting 30.05 during the day. Optivision Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.0703, which implies the firm had a -0.0703% return per unit of risk over the last 3 months. Optivision Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Optivision Technology's Coefficient Of Variation of (1,438), variance of 6.39, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide.
Optivision Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Optivision |
Sharpe Ratio = -0.0703
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 3666 |
Estimated Market Risk
| 2.59 actual daily | 23 77% of assets are more volatile |
Expected Return
| -0.18 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Optivision Technology 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 Optivision Technology by adding Optivision Technology to a well-diversified portfolio.
Optivision Technology Valuation on October 8, 2024
It is possible to determine the worth of Optivision Technology on a given historical date. On October 8, 2024 Optivision was worth 32.8 at the beginning of the trading date compared to the closed value of 32.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Optivision Technology stock. Still, in general, we apply an absolute valuation method to find Optivision Technology'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 Optivision Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Optivision Technology's related companies.
| Open | High | Low | Close | Volume | |
| 31.10 | 33.25 | 31.10 | 32.80 | 172,223 | |
10/08/2024 | 32.80 | 32.80 | 32.15 | 32.15 | 43,231 |
| 32.15 | 32.15 | 31.35 | 31.40 | 25,000 |
| Backtest Optivision Technology | | | Optivision Technology History | | | Optivision Technology Valuation | Previous | Next |
Optivision Technology Trading Date Momentum on October 8, 2024
| On October 09 2024 Optivision Technology was traded for 31.40 at the closing time. The highest price during the trading period was 32.15 and the lowest recorded bid was listed for 31.35 . The volume for the day was 25 K. This history from October 9, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.33% . The trading delta at closing time to the current price is 8.24% . |
Optivision Technology Fundamentals Correlations and Trends
By evaluating Optivision Technology'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 Optivision Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Optivision financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Optivision Technology Stock history
Optivision Technology 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 Optivision is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Optivision 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 Optivision Technology stock prices may prove useful in developing a viable investing in Optivision Technology
Optivision Technology, Inc. designs and develops optical films. The company was founded in 2004 and is based in Hsinchu, Taiwan. OPTIVISION TECHNOLOGY operates under Semiconductors classification in Taiwan and is traded on Taiwan OTC Exchange.
Optivision Technology Stock Technical Analysis
Optivision Technology 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
Optivision Technology Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Optivision Technology 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.
Optivision Technology November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Optivision Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Optivision Technology shares will generate the highest return on investment. By undertsting and applying Optivision Technology stock market strength indicators, traders can identify Optivision Technology entry and exit signals to maximize returns
Optivision Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Optivision Technology's price direction in advance. Along with the technical and fundamental analysis of Optivision Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Optivision 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 | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.6898 |
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Additional Tools for Optivision Stock Analysis
When running Optivision Technology's price analysis, check to measure Optivision Technology'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 Optivision Technology is operating at the current time. Most of Optivision Technology's value examination focuses on studying past and present price action to predict the probability of Optivision Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Optivision Technology's price. Additionally, you may evaluate how the addition of Optivision Technology to your portfolios can decrease your overall portfolio volatility.