Cheng Mei (Taiwan) Price on November 19, 2024
| 4960 Stock | 13.20 0.10 0.75% |
If you're considering investing in Cheng Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cheng Mei stands at 13.20, as last reported on the 12th of December 2024, with the highest price reaching 13.50 and the lowest price hitting 13.20 during the day. At this stage we consider Cheng Stock to be very steady. Cheng Mei Materials secures Sharpe Ratio (or Efficiency) of 0.0011, which signifies that the company had a 0.0011% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Cheng Mei Materials, which you can use to evaluate the volatility of the firm. Please confirm Cheng Mei's mean deviation of 0.9087, and Risk Adjusted Performance of 0.0153 to double-check if the risk estimate we provide is consistent with the expected return of 0.0013%.
Cheng Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cheng |
Sharpe Ratio = 0.0011
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 4960 |
Estimated Market Risk
| 1.23 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cheng Mei 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 Cheng Mei by adding Cheng Mei to a well-diversified portfolio.
Cheng Mei Valuation on November 19, 2024
It is possible to determine the worth of Cheng Mei on a given historical date. On November 19, 2024 Cheng was worth 12.35 at the beginning of the trading date compared to the closed value of 12.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cheng Mei stock. Still, in general, we apply an absolute valuation method to find Cheng Mei'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 Cheng Mei where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cheng Mei's related companies.
| Open | High | Low | Close | Volume | |
| 12.65 | 12.65 | 12.30 | 12.35 | 2,711,733 | |
11/19/2024 | 12.35 | 12.50 | 12.25 | 12.45 | 773,976 |
| 12.50 | 12.55 | 12.35 | 12.40 | 546,991 |
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Cheng Mei Trading Date Momentum on November 19, 2024
| On November 20 2024 Cheng Mei Materials was traded for 12.40 at the closing time. The highest price during the trading period was 12.55 and the lowest recorded bid was listed for 12.35 . The volume for the day was 547 K. This history from November 20, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.40% . The overall trading delta to the current price is 1.20% . |
Cheng Mei Materials Fundamentals Correlations and Trends
By evaluating Cheng Mei'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 Cheng Mei's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cheng financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cheng Mei Stock history
Cheng Mei 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 Cheng is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cheng Mei Materials 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 Cheng Mei stock prices may prove useful in developing a viable investing in Cheng Mei
Cheng Mei Stock Technical Analysis
Cheng Mei 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
Cheng Mei Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Cheng Mei Materials 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.
Cheng Mei December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Cheng Mei stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cheng Mei shares will generate the highest return on investment. By undertsting and applying Cheng Mei stock market strength indicators, traders can identify Cheng Mei Materials entry and exit signals to maximize returns
Cheng Mei Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cheng Mei's price direction in advance. Along with the technical and fundamental analysis of Cheng Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cheng 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 | 0.0153 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0446 |
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| Math Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Cheng Stock Analysis
When running Cheng Mei's price analysis, check to measure Cheng Mei'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 Cheng Mei is operating at the current time. Most of Cheng Mei's value examination focuses on studying past and present price action to predict the probability of Cheng Mei's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cheng Mei's price. Additionally, you may evaluate how the addition of Cheng Mei to your portfolios can decrease your overall portfolio volatility.