New Era (Taiwan) Price on August 8, 2023
| 4909 Stock | TWD 121.00 1.00 0.82% |
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. As of today, the current price of New Era stands at 121.00, as last reported on the 4th of December, with the highest price reaching 124.50 and the lowest price hitting 121.00 during the day. At this stage we consider New Stock to be very steady. New Era Electronics has Sharpe Ratio of 0.0088, which conveys that the firm had a 0.0088% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for New Era, which you can use to evaluate the volatility of the firm. Please verify New Era's Risk Adjusted Performance of 0.0077, standard deviation of 4.35, and Mean Deviation of 3.33 to check out if the risk estimate we provide is consistent with the expected return of 0.0375%.
New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.0088
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 4909 |
Estimated Market Risk
| 4.25 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average New Era 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 New Era by adding New Era to a well-diversified portfolio.
New Era Valuation on August 8, 2023
It is possible to determine the worth of New Era on a given historical date. On August 8, 2023 New was worth 20.37 at the beginning of the trading date compared to the closed value of 19.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Era stock. Still, in general, we apply an absolute valuation method to find New Era'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 New Era where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Era's related companies.
| Open | High | Low | Close | Volume | |
| 20.42 | 20.42 | 20.02 | 20.07 | 180,000 | |
08/08/2023 | 20.37 | 20.37 | 19.67 | 19.77 | 217,000 |
| 19.62 | 19.77 | 19.42 | 19.52 | 130,000 |
| Backtest New Era | | | New Era History | | | New Era Valuation | Previous | Next |
New Era Trading Date Momentum on August 8, 2023
| On August 09 2023 New Era Electronics was traded for 19.52 at the closing time. The highest price during the trading period was 19.77 and the lowest recorded bid was listed for 19.42 . The volume for the day was 130 K. This history from August 9, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 1.26% . The trading delta at closing time to the current price is 17.60% . |
New Era Electronics Fundamentals Correlations and Trends
By evaluating New Era'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 New Era's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.About New Era Stock history
New Era 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 New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Era Electronics 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 New Era stock prices may prove useful in developing a viable investing in New Era
New Era Electronics Co., Ltd engages in the design, manufacture, and sale of printed circuit boards in Taiwan and internationally. The company was founded in 1984 and is based in Taoyuan, Taiwan. NEW ERA operates under Contract Manufacturers classification in Taiwan and is traded on Taiwan OTC Exchange.
New Era Stock Technical Analysis
New Era 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
New Era Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
New Era Electronics 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.
New Era December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how New Era stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Era shares will generate the highest return on investment. By undertsting and applying New Era stock market strength indicators, traders can identify New Era Electronics entry and exit signals to maximize returns
New Era Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Era's price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New 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 | 0.0077 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 0.2254 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for New Stock Analysis
When running New Era's price analysis, check to measure New Era'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 New Era is operating at the current time. Most of New Era's value examination focuses on studying past and present price action to predict the probability of New Era's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Era's price. Additionally, you may evaluate how the addition of New Era to your portfolios can decrease your overall portfolio volatility.