Shin Ruenn (Taiwan) Price on November 26, 2024
| 6186 Stock | TWD 64.40 1.40 2.22% |
If you're considering investing in Shin Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shin Ruenn stands at 64.40, as last reported on the 1st of December, with the highest price reaching 64.40 and the lowest price hitting 62.40 during the day. Shin Ruenn Development owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2% return per unit of risk over the last 3 months. Shin Ruenn Development exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shin Ruenn's Coefficient Of Variation of (506.15), risk adjusted performance of (0.14), and Variance of 12.43 to confirm the risk estimate we provide.
Shin Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shin |
Sharpe Ratio = -0.1951
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| Negative Returns | 6186 |
Estimated Market Risk
| 3.22 actual daily | 28 72% of assets are more volatile |
Expected Return
| -0.63 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.2 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Shin Ruenn 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 Shin Ruenn by adding Shin Ruenn to a well-diversified portfolio.
Shin Ruenn Valuation on November 26, 2024
It is possible to determine the worth of Shin Ruenn on a given historical date. On November 26, 2024 Shin was worth 65.7 at the beginning of the trading date compared to the closed value of 66.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shin Ruenn stock. Still, in general, we apply an absolute valuation method to find Shin Ruenn'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 Shin Ruenn where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shin Ruenn's related companies.
| Open | High | Low | Close | Volume | |
| 63.00 | 65.60 | 62.60 | 65.40 | 613,285 | |
11/26/2024 | 65.70 | 68.80 | 65.00 | 66.40 | 1,182,679 |
| 66.40 | 66.40 | 64.00 | 64.00 | 1,054,228 |
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Shin Ruenn Trading Date Momentum on November 26, 2024
| On November 27 2024 Shin Ruenn Development was traded for 64.00 at the closing time. The highest price during the trading period was 66.40 and the lowest recorded bid was listed for 64.00 . The volume for the day was 1.1 M. This history from November 27, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.61% . The trading price change to the current price is 5.12% . |
Shin Ruenn Development Fundamentals Correlations and Trends
By evaluating Shin Ruenn'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 Shin Ruenn's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shin Ruenn Stock history
Shin Ruenn 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 Shin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shin Ruenn Development 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 Shin Ruenn stock prices may prove useful in developing a viable investing in Shin Ruenn
Shin Ruenn development Co., LTD. engages in the development and rental of housing and buildings. Shin Ruenn development Co., LTD. was founded in 1998 and is based in Taipei, Taiwan. SHIN RUENN operates under Real EstateDevelopment classification in Taiwan and is traded on Taiwan OTC Exchange. It employs 34 people.
Shin Ruenn Stock Technical Analysis
Shin Ruenn 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
Shin Ruenn Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Shin Ruenn Development 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.
Shin Ruenn December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Shin Ruenn stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shin Ruenn shares will generate the highest return on investment. By undertsting and applying Shin Ruenn stock market strength indicators, traders can identify Shin Ruenn Development entry and exit signals to maximize returns
Shin Ruenn Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shin Ruenn's price direction in advance. Along with the technical and fundamental analysis of Shin Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shin 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 | (0.14) | |||
| Jensen Alpha | (0.65) | |||
| Total Risk Alpha | (1.30) | |||
| Treynor Ratio | 1.65 |
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Additional Tools for Shin Stock Analysis
When running Shin Ruenn's price analysis, check to measure Shin Ruenn'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 Shin Ruenn is operating at the current time. Most of Shin Ruenn's value examination focuses on studying past and present price action to predict the probability of Shin Ruenn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shin Ruenn's price. Additionally, you may evaluate how the addition of Shin Ruenn to your portfolios can decrease your overall portfolio volatility.