Li Kang (Taiwan) Price on September 26, 2024
| 6242 Stock | TWD 43.00 0.40 0.92% |
If you're considering investing in 6242 Stock, it is important to understand the factors that can impact its price. As of today, the current price of Li Kang stands at 43.00, as last reported on the 2nd of December, with the highest price reaching 43.30 and the lowest price hitting 43.00 during the day. Li Kang Biomedical retains Efficiency (Sharpe Ratio) of -0.054, which conveys that the firm had a -0.054% return per unit of price deviation over the last 3 months. Li Kang exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Li Kang's Information Ratio of (0.21), market risk adjusted performance of (0.23), and Mean Deviation of 0.5801 to check out the risk estimate we provide.
6242 Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
6242 |
Sharpe Ratio = -0.054
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| Negative Returns | 6242 |
Estimated Market Risk
| 0.79 actual daily | 7 93% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Li Kang 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 Li Kang by adding Li Kang to a well-diversified portfolio.
Li Kang Valuation on September 26, 2024
It is possible to determine the worth of Li Kang on a given historical date. On September 26, 2024 6242 was worth 43.9 at the beginning of the trading date compared to the closed value of 43.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Li Kang stock. Still, in general, we apply an absolute valuation method to find Li Kang'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 Li Kang where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Li Kang's related companies.
| Open | High | Low | Close | Volume | |
| 43.85 | 43.85 | 43.85 | 43.85 | 1,000.00 | |
09/26/2024 | 43.90 | 43.90 | 43.90 | 43.90 | 2,406 |
| 43.90 | 43.90 | 43.85 | 43.85 | 2,057 |
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Li Kang Trading Date Momentum on September 26, 2024
| On September 27 2024 Li Kang Biomedical was traded for 43.85 at the closing time. The highest price during the trading period was 43.90 and the lowest recorded bid was listed for 43.85 . The volume for the day was 2.1 K. This history from September 27, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.11% . The trading delta at closing time to the current price is 1.25% . |
Li Kang Biomedical Fundamentals Correlations and Trends
By evaluating Li Kang'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 Li Kang's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. 6242 financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Li Kang Stock history
Li Kang 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 6242 is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Li Kang Biomedical 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 Li Kang stock prices may prove useful in developing a viable investing in Li Kang
Li Kang Biomedical Co., Ltd. manufactures and sells supplement, cosmeceutical, and hygienic drinks. Li Kang Biomedical Co., Ltd. was founded in 1982 and is based in Tainan City, Taiwan. LI KANG operates under Travel Services classification in Taiwan and is traded on Taiwan OTC Exchange. It employs 123 people.
Li Kang Stock Technical Analysis
Li Kang 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
Li Kang Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Li Kang Biomedical 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.
Li Kang December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Li Kang stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Li Kang shares will generate the highest return on investment. By undertsting and applying Li Kang stock market strength indicators, traders can identify Li Kang Biomedical entry and exit signals to maximize returns
Li Kang Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Li Kang's price direction in advance. Along with the technical and fundamental analysis of 6242 Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of 6242 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 | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.24) |
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Additional Tools for 6242 Stock Analysis
When running Li Kang's price analysis, check to measure Li Kang'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 Li Kang is operating at the current time. Most of Li Kang's value examination focuses on studying past and present price action to predict the probability of Li Kang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Li Kang's price. Additionally, you may evaluate how the addition of Li Kang to your portfolios can decrease your overall portfolio volatility.