Tainet Communication (Taiwan) Price on May 15, 2024
| 4905 Stock | TWD 78.80 0.60 0.77% |
If you're considering investing in Tainet Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tainet Communication stands at 78.80, as last reported on the 11th of December 2024, with the highest price reaching 79.00 and the lowest price hitting 76.10 during the day. Tainet Communication owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0933, which indicates the firm had a -0.0933% return per unit of risk over the last 3 months. Tainet Communication System exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tainet Communication's Coefficient Of Variation of (987.61), risk adjusted performance of (0.07), and Variance of 4.19 to confirm the risk estimate we provide.
Tainet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tainet |
Sharpe Ratio = -0.0933
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 4905 |
Estimated Market Risk
| 2.1 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tainet Communication 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 Tainet Communication by adding Tainet Communication to a well-diversified portfolio.
Tainet Communication Valuation on May 15, 2024
It is possible to determine the worth of Tainet Communication on a given historical date. On May 15, 2024 Tainet was worth 102.0 at the beginning of the trading date compared to the closed value of 98.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tainet Communication stock. Still, in general, we apply an absolute valuation method to find Tainet Communication'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 Tainet Communication where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tainet Communication's related companies.
| Open | High | Low | Close | Volume | |
| 105.00 | 106.50 | 101.50 | 101.50 | 673,000 | |
05/15/2024 | 102.00 | 103.00 | 98.00 | 98.10 | 262,000 |
| 100.00 | 100.50 | 98.10 | 99.70 | 140,000 |
| Backtest Tainet Communication | | | Tainet Communication History | | | Tainet Communication Valuation | Previous | Next |
Tainet Communication Trading Date Momentum on May 15, 2024
| On May 16 2024 Tainet Communication System was traded for 99.70 at the closing time. The highest price during the trading period was 100.50 and the lowest recorded bid was listed for 98.10 . The volume for the day was 140 K. This history from May 16, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 1.63% . The trading price change to the current price is 3.98% . |
Tainet Communication Fundamentals Correlations and Trends
By evaluating Tainet Communication'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 Tainet Communication's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tainet financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tainet Communication Stock history
Tainet Communication 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 Tainet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tainet Communication 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 Tainet Communication stock prices may prove useful in developing a viable investing in Tainet Communication
Tainet Communication Stock Technical Analysis
Tainet Communication 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
Tainet Communication Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Tainet Communication System 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.
Tainet Communication December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Tainet Communication stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tainet Communication shares will generate the highest return on investment. By undertsting and applying Tainet Communication stock market strength indicators, traders can identify Tainet Communication System entry and exit signals to maximize returns
Tainet Communication Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tainet Communication's price direction in advance. Along with the technical and fundamental analysis of Tainet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tainet 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 | (0.07) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.89) |
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Additional Tools for Tainet Stock Analysis
When running Tainet Communication's price analysis, check to measure Tainet Communication'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 Tainet Communication is operating at the current time. Most of Tainet Communication's value examination focuses on studying past and present price action to predict the probability of Tainet Communication's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tainet Communication's price. Additionally, you may evaluate how the addition of Tainet Communication to your portfolios can decrease your overall portfolio volatility.