Wafer Works (Taiwan) Price on September 4, 2024
| 6182 Stock | TWD 30.00 0.45 1.48% |
If you're considering investing in Wafer Stock, it is important to understand the factors that can impact its price. As of today, the current price of Wafer Works stands at 30.00, as last reported on the 28th of November, with the highest price reaching 30.70 and the lowest price hitting 29.85 during the day. Wafer Works shows Sharpe Ratio of -0.14, which attests that the company had a -0.14% return per unit of risk over the last 3 months. Wafer Works exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wafer Works' Mean Deviation of 1.21, standard deviation of 1.71, and Market Risk Adjusted Performance of (4.89) to validate the risk estimate we provide.
Wafer Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Wafer |
Sharpe Ratio = -0.1399
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 6182 |
Estimated Market Risk
| 1.72 actual daily | 15 85% of assets are more volatile |
Expected Return
| -0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Wafer Works 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 Wafer Works by adding Wafer Works to a well-diversified portfolio.
Wafer Works Valuation on September 4, 2024
It is possible to determine the worth of Wafer Works on a given historical date. On September 4, 2024 Wafer was worth 33.45 at the beginning of the trading date compared to the closed value of 32.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Wafer Works stock. Still, in general, we apply an absolute valuation method to find Wafer Works' 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 Wafer Works where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Wafer Works' related companies.
| Open | High | Low | Close | Volume | |
| 34.95 | 34.95 | 34.45 | 34.50 | 482,000 | |
09/04/2024 | 33.45 | 33.50 | 32.40 | 32.70 | 1,630,000 |
| 33.00 | 33.20 | 32.15 | 32.20 | 949,680 |
| Backtest Wafer Works | | | Wafer Works History | | | Wafer Works Valuation | Previous | Next |
Wafer Works Trading Date Momentum on September 4, 2024
| On September 05 2024 Wafer Works was traded for 32.20 at the closing time. The highest price during the trading period was 33.20 and the lowest recorded bid was listed for 32.15 . The volume for the day was 949.7 K. This history from September 5, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.53% . The trading price change to the current price is 1.68% . |
Wafer Works Fundamentals Correlations and Trends
By evaluating Wafer Works' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Wafer Works' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Wafer financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Wafer Works Stock history
Wafer Works 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 Wafer is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Wafer Works 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 Wafer Works stock prices may prove useful in developing a viable investing in Wafer Works
Wafer Works Stock Technical Analysis
Wafer Works 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
Wafer Works Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Wafer Works 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.
Wafer Works November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Wafer Works stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wafer Works shares will generate the highest return on investment. By undertsting and applying Wafer Works stock market strength indicators, traders can identify Wafer Works entry and exit signals to maximize returns
Wafer Works Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Wafer Works' price direction in advance. Along with the technical and fundamental analysis of Wafer Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Wafer 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 | (0.06) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (4.90) |
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Additional Tools for Wafer Stock Analysis
When running Wafer Works' price analysis, check to measure Wafer Works' 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 Wafer Works is operating at the current time. Most of Wafer Works' value examination focuses on studying past and present price action to predict the probability of Wafer Works' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wafer Works' price. Additionally, you may evaluate how the addition of Wafer Works to your portfolios can decrease your overall portfolio volatility.