Radiant Opto (Taiwan) Price on October 14, 2024
| 6176 Stock | TWD 191.00 1.50 0.78% |
If you're considering investing in Radiant Stock, it is important to understand the factors that can impact its price. As of today, the current price of Radiant Opto stands at 191.00, as last reported on the 28th of November, with the highest price reaching 193.50 and the lowest price hitting 191.00 during the day. Radiant Opto Electro maintains Sharpe Ratio (i.e., Efficiency) of -0.0228, which implies the firm had a -0.0228% return per unit of risk over the last 3 months. Radiant Opto Electro exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Radiant Opto's Risk Adjusted Performance of 0.0441, semi deviation of 1.63, and Coefficient Of Variation of 1992.15 to confirm the risk estimate we provide.
Radiant Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Radiant |
Sharpe Ratio = -0.0228
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| Negative Returns | 6176 |
Estimated Market Risk
| 1.7 actual daily | 15 85% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Radiant Opto 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 Radiant Opto by adding Radiant Opto to a well-diversified portfolio.
Radiant Opto Valuation on October 14, 2024
It is possible to determine the worth of Radiant Opto on a given historical date. On October 14, 2024 Radiant was worth 197.0 at the beginning of the trading date compared to the closed value of 196.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Radiant Opto stock. Still, in general, we apply an absolute valuation method to find Radiant Opto'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 Radiant Opto where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Radiant Opto's related companies.
| Open | High | Low | Close | Volume | |
| 193.50 | 195.50 | 193.00 | 195.00 | 1,284,310 | |
10/14/2024 | 197.00 | 197.00 | 194.00 | 196.00 | 1,260,285 |
| 195.00 | 197.00 | 194.50 | 195.50 | 908,067 |
| Backtest Radiant Opto | | | Radiant Opto History | | | Radiant Opto Valuation | Previous | Next |
Radiant Opto Trading Date Momentum on October 14, 2024
| On October 15 2024 Radiant Opto Electronics Corp was traded for 195.50 at the closing time. The highest price during the trading period was 197.00 and the lowest recorded bid was listed for 194.50 . The volume for the day was 908.1 K. This history from October 15, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.26% . The trading delta at closing time to the current price is 8.93% . |
Radiant Opto Electro Fundamentals Correlations and Trends
By evaluating Radiant Opto'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 Radiant Opto's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Radiant financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Radiant Opto Stock history
Radiant Opto 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 Radiant is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Radiant Opto Electro 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 Radiant Opto stock prices may prove useful in developing a viable investing in Radiant Opto
Radiant Opto-Electronics Corporation designs, manufactures, assembles, and markets backlight modules and light guide plates for liquid crystal display panels in Asia, Europe, and the United States. Radiant Opto-Electronics Corporation was founded in 1995 and is headquartered in Kaohsiung, Taiwan. RADIANT OPTO is traded on Taiwan Stock Exchange in Taiwan.
Radiant Opto Stock Technical Analysis
Radiant Opto 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
Radiant Opto Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Radiant Opto Electronics 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.
Radiant Opto November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Radiant Opto stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Radiant Opto shares will generate the highest return on investment. By undertsting and applying Radiant Opto stock market strength indicators, traders can identify Radiant Opto Electronics Corp entry and exit signals to maximize returns
Radiant Opto Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Radiant Opto's price direction in advance. Along with the technical and fundamental analysis of Radiant Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Radiant 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 | 0.0441 | |||
| Jensen Alpha | 0.1069 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.32) |
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Additional Tools for Radiant Stock Analysis
When running Radiant Opto's price analysis, check to measure Radiant Opto'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 Radiant Opto is operating at the current time. Most of Radiant Opto's value examination focuses on studying past and present price action to predict the probability of Radiant Opto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Radiant Opto's price. Additionally, you may evaluate how the addition of Radiant Opto to your portfolios can decrease your overall portfolio volatility.