Globaltek Fabrication (Taiwan) Price on April 23, 2024
4566 Stock | TWD 77.40 1.20 1.57% |
If you're considering investing in Globaltek Stock, it is important to understand the factors that can impact its price. As of today, the current price of Globaltek Fabrication stands at 77.40, as last reported on the 2nd of December, with the highest price reaching 77.40 and the lowest price hitting 75.60 during the day. Globaltek Fabrication holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Globaltek Fabrication exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globaltek Fabrication's Risk Adjusted Performance of (0.09), market risk adjusted performance of 0.8473, and Standard Deviation of 2.76 to validate the risk estimate we provide.
Globaltek Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Globaltek |
Sharpe Ratio = -0.1171
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Estimated Market Risk
2.69 actual daily | 23 77% of assets are more volatile |
Expected Return
-0.31 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Globaltek Fabrication 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 Globaltek Fabrication by adding Globaltek Fabrication to a well-diversified portfolio.
Globaltek Fabrication Valuation on April 23, 2024
It is possible to determine the worth of Globaltek Fabrication on a given historical date. On April 23, 2024 Globaltek was worth 49.67 at the beginning of the trading date compared to the closed value of 49.57. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Globaltek Fabrication stock. Still, in general, we apply an absolute valuation method to find Globaltek Fabrication'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 Globaltek Fabrication where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Globaltek Fabrication's related companies.
Open | High | Low | Close | Volume | |
49.57 | 50.06 | 49.28 | 49.28 | 192,000 | |
04/23/2024 | 49.67 | 49.67 | 49.08 | 49.57 | 111,000 |
49.77 | 50.06 | 49.57 | 49.77 | 285,093 |
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Globaltek Fabrication Trading Date Momentum on April 23, 2024
On April 24 2024 Globaltek Fabrication Co was traded for 49.77 at the closing time. The highest price during the trading period was 50.06 and the lowest recorded bid was listed for 49.57 . The volume for the day was 285.1 K. This history from April 24, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.40% . The overall trading delta to the current price is 2.48% . |
Globaltek Fabrication Fundamentals Correlations and Trends
By evaluating Globaltek Fabrication'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 Globaltek Fabrication's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Globaltek financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Globaltek Fabrication Stock history
Globaltek Fabrication 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 Globaltek is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Globaltek Fabrication 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 Globaltek Fabrication stock prices may prove useful in developing a viable investing in Globaltek Fabrication
GLOBAL TEK FABRICATION CO., Ltd. manufactures and sells precision parts and subassemblies. The company was founded in 2000 and is headquartered in New Taipei City, Taiwan. GLOBALTEK FABRICATION operates under Specialty Industrial Machinery classification in Taiwan and is traded on Taiwan Stock Exchange.
Globaltek Fabrication Stock Technical Analysis
Globaltek Fabrication 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
Globaltek Fabrication Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Globaltek Fabrication Co 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.
Globaltek Fabrication December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Globaltek Fabrication stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Globaltek Fabrication shares will generate the highest return on investment. By undertsting and applying Globaltek Fabrication stock market strength indicators, traders can identify Globaltek Fabrication Co entry and exit signals to maximize returns
Globaltek Fabrication Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Globaltek Fabrication's price direction in advance. Along with the technical and fundamental analysis of Globaltek Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Globaltek 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 | (0.09) | |||
Jensen Alpha | (0.30) | |||
Total Risk Alpha | (0.81) | |||
Treynor Ratio | 0.8373 |
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Additional Tools for Globaltek Stock Analysis
When running Globaltek Fabrication's price analysis, check to measure Globaltek Fabrication'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 Globaltek Fabrication is operating at the current time. Most of Globaltek Fabrication's value examination focuses on studying past and present price action to predict the probability of Globaltek Fabrication's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globaltek Fabrication's price. Additionally, you may evaluate how the addition of Globaltek Fabrication to your portfolios can decrease your overall portfolio volatility.