MiTAC Holdings (Taiwan) Price on September 6, 2024
| 3706 Stock | TWD 83.00 3.10 3.88% |
If you're considering investing in MiTAC Stock, it is important to understand the factors that can impact its price. As of today, the current price of MiTAC Holdings stands at 83.00, as last reported on the 25th of November, with the highest price reaching 86.80 and the lowest price hitting 82.70 during the day. MiTAC Holdings is very steady given 3 months investment horizon. MiTAC Holdings Corp has Sharpe Ratio of 0.32, which conveys that the firm had a 0.32% return per unit of standard deviation over the last 3 months. We are able to interpolate and break down thirty different technical indicators, which can help you to evaluate if expected returns of 1.03% are justified by taking the suggested risk. Use MiTAC Holdings Corp Market Risk Adjusted Performance of 2.05, risk adjusted performance of 0.2591, and Mean Deviation of 1.96 to evaluate company specific risk that cannot be diversified away.
MiTAC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
MiTAC |
Sharpe Ratio = 0.3241
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 3706 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.16 actual daily | 28 72% of assets are more volatile |
Expected Return
| 1.03 actual daily | 20 80% of assets have higher returns |
Risk-Adjusted Return
| 0.32 actual daily | 25 75% of assets perform better |
Based on monthly moving average MiTAC Holdings is performing at about 25% 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 MiTAC Holdings by adding it to a well-diversified portfolio.
MiTAC Holdings Valuation on September 6, 2024
It is possible to determine the worth of MiTAC Holdings on a given historical date. On September 6, 2024 MiTAC was worth 42.3 at the beginning of the trading date compared to the closed value of 42.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MiTAC Holdings stock. Still, in general, we apply an absolute valuation method to find MiTAC Holdings' 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 MiTAC Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MiTAC Holdings' related companies.
| Open | High | Low | Close | Volume | |
| 42.35 | 42.95 | 41.90 | 42.15 | 2,810,943 | |
09/06/2024 | 42.30 | 42.75 | 41.80 | 42.65 | 1,756,537 |
| 41.00 | 42.80 | 41.00 | 42.75 | 3,554,189 |
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MiTAC Holdings Trading Date Momentum on September 6, 2024
| On September 09 2024 MiTAC Holdings Corp was traded for 42.75 at the closing time. The highest price during the trading period was 42.80 and the lowest recorded bid was listed for 41.00 . The volume for the day was 3.6 M. This history from September 9, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.23% . The trading delta at closing time to the current price is 7.85% . |
MiTAC Holdings Corp Fundamentals Correlations and Trends
By evaluating MiTAC Holdings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among MiTAC Holdings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MiTAC financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MiTAC Holdings Stock history
MiTAC Holdings 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 MiTAC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MiTAC Holdings Corp 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 MiTAC Holdings stock prices may prove useful in developing a viable investing in MiTAC Holdings
MiTAC Holdings Corporation, through its subsidiaries, designs, develops, manufactures, and distributes computers and ancillary equipment, and communication related products. MiTAC Holdings Corporation was founded in 1982 and is headquartered in Taoyuan City, Taiwan. MITAC HOLDINGS is traded on Taiwan Stock Exchange in Taiwan.
MiTAC Holdings Stock Technical Analysis
MiTAC Holdings 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
MiTAC Holdings Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
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MiTAC Holdings November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how MiTAC Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MiTAC Holdings shares will generate the highest return on investment. By undertsting and applying MiTAC Holdings stock market strength indicators, traders can identify MiTAC Holdings Corp entry and exit signals to maximize returns
MiTAC Holdings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MiTAC Holdings' price direction in advance. Along with the technical and fundamental analysis of MiTAC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MiTAC 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 | 0.2591 | |||
| Jensen Alpha | 0.9455 | |||
| Total Risk Alpha | 0.5176 | |||
| Sortino Ratio | 0.4857 | |||
| Treynor Ratio | 2.04 |
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Additional Tools for MiTAC Stock Analysis
When running MiTAC Holdings' price analysis, check to measure MiTAC Holdings' 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 MiTAC Holdings is operating at the current time. Most of MiTAC Holdings' value examination focuses on studying past and present price action to predict the probability of MiTAC Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MiTAC Holdings' price. Additionally, you may evaluate how the addition of MiTAC Holdings to your portfolios can decrease your overall portfolio volatility.