Tex Year (Taiwan) Price on March 29, 2024

4720 Stock  TWD 19.45  0.15  0.77%   
If you're considering investing in Tex Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tex Year stands at 19.45, as last reported on the 1st of December, with the highest price reaching 19.65 and the lowest price hitting 19.40 during the day. Tex Year Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0676, which indicates the firm had a -0.0676% return per unit of risk over the last 3 months. Tex Year Industries exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tex Year's Risk Adjusted Performance of (0.03), variance of 4.86, and Coefficient Of Variation of (1,938) to confirm the risk estimate we provide.
  
Tex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0676

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Estimated Market Risk

 2.14
  actual daily
19
81% of assets are more volatile

Expected Return

 -0.14
  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 Tex Year 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 Tex Year by adding Tex Year to a well-diversified portfolio.

Tex Year Valuation on March 29, 2024

It is possible to determine the worth of Tex Year on a given historical date. On March 29, 2024 Tex was worth 15.55 at the beginning of the trading date compared to the closed value of 15.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tex Year stock. Still, in general, we apply an absolute valuation method to find Tex Year'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 Tex Year where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tex Year's related companies.
 Open High Low Close Volume
  15.80    15.80    15.55    15.60    534,030  
03/29/2024
  15.55    15.65    15.45    15.55    236,000  
  15.50    15.75    15.50    15.50    527,097  
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Open Value
15.55
15.55
Closing Value
21.98
Upside

Tex Year Trading Date Momentum on March 29, 2024

On April 01 2024 Tex Year Industries was traded for  15.50  at the closing time. The highest price during the trading period was 15.75  and the lowest recorded bid was listed for  15.50 . The volume for the day was 527.1 K. This history from April 1, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.32% . The trading price change to the current price is 1.29% .

Tex Year Industries Fundamentals Correlations and Trends

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

About Tex Year Stock history

Tex Year 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 Tex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tex Year Industries 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 Tex Year stock prices may prove useful in developing a viable investing in Tex Year
Tex Year Industries Inc. manufactures and sells hot melt adhesives in Taiwan and internationally. Tex Year Industries Inc. was founded in 1976 and is headquartered in New Taipei City, Taiwan. TEX YEAR is traded on Taiwan Stock Exchange in Taiwan.

Tex Year Stock Technical Analysis

Tex Year 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 Tex Year technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tex Year 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

Tex Year Period Price Range

Low
December 1, 2024
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High

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Tex Year Industries 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.

Tex Year December 1, 2024 Market Strength

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

Tex Year Technical and Predictive Indicators

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

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