Quanta Storage (Taiwan) Price on July 15, 2024
| 6188 Stock | TWD 96.20 1.40 1.48% |
If you're considering investing in Quanta Stock, it is important to understand the factors that can impact its price. As of today, the current price of Quanta Storage stands at 96.20, as last reported on the 26th of November, with the highest price reaching 96.40 and the lowest price hitting 95.30 during the day. Quanta Storage maintains Sharpe Ratio (i.e., Efficiency) of -0.0164, which implies the firm had a -0.0164% return per unit of risk over the last 3 months. Quanta Storage exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quanta Storage's Coefficient Of Variation of (6,086), variance of 5.15, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide.
Quanta Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Quanta |
Sharpe Ratio = -0.0164
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| Negative Returns | 6188 |
Estimated Market Risk
| 2.27 actual daily | 20 80% 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 Quanta Storage 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 Quanta Storage by adding Quanta Storage to a well-diversified portfolio.
Quanta Storage Valuation on July 15, 2024
It is possible to determine the worth of Quanta Storage on a given historical date. On July 15, 2024 Quanta was worth 112.0 at the beginning of the trading date compared to the closed value of 110.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Quanta Storage stock. Still, in general, we apply an absolute valuation method to find Quanta Storage'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 Quanta Storage where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Quanta Storage's related companies.
| Open | High | Low | Close | Volume | |
| 112.00 | 113.50 | 111.00 | 111.00 | 4,787,423 | |
07/15/2024 | 112.00 | 112.50 | 110.00 | 110.00 | 2,959,094 |
| 111.00 | 111.00 | 108.50 | 108.50 | 3,265,869 |
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Quanta Storage Trading Date Momentum on July 15, 2024
| On July 16 2024 Quanta Storage was traded for 108.50 at the closing time. The highest price during the trading period was 111.00 and the lowest recorded bid was listed for 108.50 . The volume for the day was 3.3 M. This history from July 16, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.36% . The trading delta at closing time to the current price is 6.82% . |
Quanta Storage Fundamentals Correlations and Trends
By evaluating Quanta Storage'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 Quanta Storage's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Quanta financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Quanta Storage Stock history
Quanta Storage 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 Quanta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Quanta Storage 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 Quanta Storage stock prices may prove useful in developing a viable investing in Quanta Storage
Quanta Storage Stock Technical Analysis
Quanta Storage 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
Quanta Storage Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
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Quanta Storage November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Quanta Storage stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Quanta Storage shares will generate the highest return on investment. By undertsting and applying Quanta Storage stock market strength indicators, traders can identify Quanta Storage entry and exit signals to maximize returns
Quanta Storage Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Quanta Storage's price direction in advance. Along with the technical and fundamental analysis of Quanta Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Quanta 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 | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.33) |
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Additional Tools for Quanta Stock Analysis
When running Quanta Storage's price analysis, check to measure Quanta Storage'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 Quanta Storage is operating at the current time. Most of Quanta Storage's value examination focuses on studying past and present price action to predict the probability of Quanta Storage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quanta Storage's price. Additionally, you may evaluate how the addition of Quanta Storage to your portfolios can decrease your overall portfolio volatility.