Daxin Materials (Taiwan) Price on November 6, 2024
| 5234 Stock | TWD 227.00 8.00 3.40% |
If you're considering investing in Daxin Stock, it is important to understand the factors that can impact its price. As of today, the current price of Daxin Materials stands at 227.00, as last reported on the 28th of November, with the highest price reaching 236.00 and the lowest price hitting 225.00 during the day. Daxin Materials appears to be very steady, given 3 months investment horizon. Daxin Materials Corp secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. By reviewing Daxin Materials' technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize Daxin Materials' Mean Deviation of 3.07, downside deviation of 3.19, and Coefficient Of Variation of 634.44 to check if our risk estimates are consistent with your expectations.
Daxin Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Daxin |
Sharpe Ratio = 0.1179
| Best Portfolio | Best Equity | |||
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| Small Returns | 5234 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.21 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.5 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Daxin Materials is performing at about 9% of its full potential. 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 Daxin Materials by adding it to a well-diversified portfolio.
Daxin Materials Valuation on November 6, 2024
It is possible to determine the worth of Daxin Materials on a given historical date. On November 6, 2024 Daxin was worth 230.0 at the beginning of the trading date compared to the closed value of 232.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Daxin Materials stock. Still, in general, we apply an absolute valuation method to find Daxin Materials' 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 Daxin Materials where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Daxin Materials' related companies.
| Open | High | Low | Close | Volume | |
| 227.00 | 232.00 | 224.50 | 225.50 | 1,103,979 | |
11/06/2024 | 230.00 | 241.50 | 228.50 | 232.50 | 4,114,293 |
| 235.00 | 247.50 | 234.00 | 246.50 | 4,461,026 |
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Daxin Materials Trading Date Momentum on November 6, 2024
| On November 07 2024 Daxin Materials Corp was traded for 246.50 at the closing time. The highest price during the trading period was 247.50 and the lowest recorded bid was listed for 234.00 . The volume for the day was 4.5 M. This history from November 7, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 6.02% . The overall trading delta to the current price is 1.51% . |
Daxin Materials Corp Fundamentals Correlations and Trends
By evaluating Daxin Materials' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Daxin Materials' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Daxin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Daxin Materials Stock history
Daxin Materials 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 Daxin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Daxin Materials Corp 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 Daxin Materials stock prices may prove useful in developing a viable investing in Daxin Materials
Daxin Materials Corporation provides display and green energy related fine chemicals in Taiwan. The company was founded in 2006 and is headquartered in Taichung City, Taiwan. DAXIN MATERIALS operates under Specialty Chemicals classification in Taiwan and is traded on Taiwan Stock Exchange.
Daxin Materials Stock Technical Analysis
Daxin Materials 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
Daxin Materials Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Daxin Materials Corp 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.
Daxin Materials November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Daxin Materials stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daxin Materials shares will generate the highest return on investment. By undertsting and applying Daxin Materials stock market strength indicators, traders can identify Daxin Materials Corp entry and exit signals to maximize returns
Daxin Materials Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Daxin Materials' price direction in advance. Along with the technical and fundamental analysis of Daxin Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Daxin 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 | 0.1289 | |||
| Jensen Alpha | 0.5331 | |||
| Total Risk Alpha | 0.0195 | |||
| Sortino Ratio | 0.1675 | |||
| Treynor Ratio | 0.6453 |
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Additional Tools for Daxin Stock Analysis
When running Daxin Materials' price analysis, check to measure Daxin Materials' 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 Daxin Materials is operating at the current time. Most of Daxin Materials' value examination focuses on studying past and present price action to predict the probability of Daxin Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daxin Materials' price. Additionally, you may evaluate how the addition of Daxin Materials to your portfolios can decrease your overall portfolio volatility.