Tong Tai (Taiwan) Price on April 24, 2024

4526 Stock  TWD 32.20  1.00  3.21%   
If you're considering investing in Tong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tong Tai stands at 32.20, as last reported on the 26th of November, with the highest price reaching 32.35 and the lowest price hitting 31.55 during the day. Tong Tai Machine owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0238, which indicates the firm had a -0.0238% return per unit of risk over the last 3 months. Tong Tai Machine Tool exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tong Tai's Risk Adjusted Performance of 0.0717, semi deviation of 2.62, and Coefficient Of Variation of 1199.61 to confirm the risk estimate we provide.
  
Tong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0238

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative Returns4526

Estimated Market Risk

 3.4
  actual daily
30
70% of assets are more volatile

Expected Return

 -0.08
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average Tong Tai 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 Tong Tai by adding Tong Tai to a well-diversified portfolio.

Tong Tai Valuation on April 24, 2024

It is possible to determine the worth of Tong Tai on a given historical date. On April 24, 2024 Tong was worth 23.9 at the beginning of the trading date compared to the closed value of 24.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tong Tai stock. Still, in general, we apply an absolute valuation method to find Tong Tai'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 Tong Tai where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tong Tai's related companies.
 Open High Low Close Volume
  24.00    25.00    23.30    23.75    11,464,769  
04/24/2024
  23.90    24.60    23.60    24.00    5,118,931  
  24.00    24.00    23.25    23.55    2,308,395  
Backtest Tong Tai  |  Tong Tai History  |  Tong Tai Valuation   PreviousNext  
Open Value
23.9
24.0
Closing Value
34.09
Upside

Tong Tai Trading Date Momentum on April 24, 2024

On April 25 2024 Tong Tai Machine Tool was traded for  23.55  at the closing time. The highest price during the trading period was 24.00  and the lowest recorded bid was listed for  23.25 . The volume for the day was 2.3 M. This history from April 25, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.87% . The trading price change to the current price is 3.33% .

Tong Tai Machine Fundamentals Correlations and Trends

By evaluating Tong Tai'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 Tong Tai's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tong financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Tong Tai Stock history

Tong Tai 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 Tong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tong Tai Machine 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 Tong Tai stock prices may prove useful in developing a viable investing in Tong Tai
Tongtai Machine Tool Co., Ltd. manufactures and sells machines worldwide. The company was founded in 1969 and is headquartered in Kaohsiung, Taiwan. TONG TAI operates under Diversified Industrials classification in Taiwan and is traded on Taiwan Stock Exchange.

Tong Tai Stock Technical Analysis

Tong Tai 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.
A focus of Tong Tai technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tong Tai trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Tong Tai Period Price Range

Low
November 26, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Tong Tai Machine Tool 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.

Tong Tai November 26, 2024 Market Strength

Market strength indicators help investors to evaluate how Tong Tai stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tong Tai shares will generate the highest return on investment. By undertsting and applying Tong Tai stock market strength indicators, traders can identify Tong Tai Machine Tool entry and exit signals to maximize returns

Tong Tai Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Tong Tai's price direction in advance. Along with the technical and fundamental analysis of Tong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tong 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.

Additional Tools for Tong Stock Analysis

When running Tong Tai's price analysis, check to measure Tong Tai'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 Tong Tai is operating at the current time. Most of Tong Tai's value examination focuses on studying past and present price action to predict the probability of Tong Tai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tong Tai's price. Additionally, you may evaluate how the addition of Tong Tai to your portfolios can decrease your overall portfolio volatility.