OBI Pharma (Taiwan) Price on September 27, 2024
| 4174 Stock | TWD 63.00 0.50 0.79% |
If you're considering investing in OBI Stock, it is important to understand the factors that can impact its price. As of today, the current price of OBI Pharma stands at 63.00, as last reported on the 23rd of November, with the highest price reaching 64.70 and the lowest price hitting 63.00 during the day. OBI Pharma maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the company had a -0.2% return per unit of volatility over the last 3 months. OBI Pharma exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OBI Pharma's market risk adjusted performance of (0.95), and Variance of 5.4 to confirm the risk estimate we provide.
OBI Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
OBI |
Sharpe Ratio = -0.1984
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 4174 |
Estimated Market Risk
| 2.34 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.46 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.2 actual daily | 0 Most of other assets perform better |
Based on monthly moving average OBI Pharma 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 OBI Pharma by adding OBI Pharma to a well-diversified portfolio.
OBI Pharma Valuation on September 27, 2024
It is possible to determine the worth of OBI Pharma on a given historical date. On September 27, 2024 OBI was worth 74.1 at the beginning of the trading date compared to the closed value of 72.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of OBI Pharma stock. Still, in general, we apply an absolute valuation method to find OBI Pharma'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 OBI Pharma where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against OBI Pharma's related companies.
| Open | High | Low | Close | Volume | |
| 76.50 | 77.00 | 73.00 | 73.40 | 2,099,273 | |
09/27/2024 | 74.10 | 74.30 | 72.50 | 72.80 | 990,300 |
| 74.90 | 77.50 | 74.40 | 76.00 | 3,003,628 |
| Backtest OBI Pharma | | | OBI Pharma History | | | OBI Pharma Valuation | Previous | Next |
OBI Pharma Trading Date Momentum on September 27, 2024
| On September 30 2024 OBI Pharma was traded for 76.00 at the closing time. The highest price during the trading period was 77.50 and the lowest recorded bid was listed for 74.40 . The volume for the day was 3 M. This history from September 30, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 4.40% . The trading delta at closing time to the current price is 3.71% . |
OBI Pharma Fundamentals Correlations and Trends
By evaluating OBI Pharma'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 OBI Pharma's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. OBI financial account trend analysis is a perfect complement when working with valuation or volatility modules.About OBI Pharma Stock history
OBI Pharma 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 OBI is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in OBI Pharma 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 OBI Pharma stock prices may prove useful in developing a viable investing in OBI Pharma
OBI Pharma, Inc., a bio-pharma company, develops and licenses novel therapeutic agents for unmet medical needs against cancer in Taiwan and internationally. The company was founded in 2002 and is based in Taipei, Taiwan. OBI PHARMA operates under Biotechnology classification in Taiwan and is traded on Taiwan OTC Exchange.
OBI Pharma Stock Technical Analysis
OBI Pharma 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
OBI Pharma Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
OBI Pharma 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.
OBI Pharma November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how OBI Pharma stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OBI Pharma shares will generate the highest return on investment. By undertsting and applying OBI Pharma stock market strength indicators, traders can identify OBI Pharma entry and exit signals to maximize returns
OBI Pharma Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for OBI Pharma's price direction in advance. Along with the technical and fundamental analysis of OBI Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of OBI 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 | (0.16) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.96) |
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| Volume Indicators |
Additional Tools for OBI Stock Analysis
When running OBI Pharma's price analysis, check to measure OBI Pharma'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 OBI Pharma is operating at the current time. Most of OBI Pharma's value examination focuses on studying past and present price action to predict the probability of OBI Pharma's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OBI Pharma's price. Additionally, you may evaluate how the addition of OBI Pharma to your portfolios can decrease your overall portfolio volatility.