Tong Hsing (Taiwan) Price on November 27, 2024
| 6271 Stock | TWD 129.00 2.00 1.57% |
If you're considering investing in Tong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tong Hsing stands at 129.00, as last reported on the 30th of November, with the highest price reaching 129.50 and the lowest price hitting 126.50 during the day. Tong Hsing Electronic owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0613, which indicates the firm had a -0.0613% return per unit of risk over the last 3 months. Tong Hsing Electronic exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tong Hsing's Risk Adjusted Performance of (0.04), coefficient of variation of (1,674), and Variance of 3.26 to confirm the risk estimate we provide.
Tong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tong |
Sharpe Ratio = -0.0613
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 6271 |
Estimated Market Risk
| 1.82 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tong Hsing 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 Tong Hsing by adding Tong Hsing to a well-diversified portfolio.
Tong Hsing Valuation on November 27, 2024
It is possible to determine the worth of Tong Hsing on a given historical date. On November 27, 2024 Tong was worth 130.0 at the beginning of the trading date compared to the closed value of 128.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tong Hsing stock. Still, in general, we apply an absolute valuation method to find Tong Hsing'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 Tong Hsing where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tong Hsing's related companies.
| Open | High | Low | Close | Volume | |
| 132.50 | 132.50 | 129.00 | 129.50 | 1,012,962 | |
11/27/2024 | 130.00 | 131.50 | 128.00 | 128.00 | 1,029,092 |
| 129.00 | 129.50 | 126.00 | 127.00 | 1,129,237 |
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Tong Hsing Trading Date Momentum on November 27, 2024
| On November 28 2024 Tong Hsing Electronic was traded for 127.00 at the closing time. The highest price during the trading period was 129.50 and the lowest recorded bid was listed for 126.00 . The volume for the day was 1.1 M. This history from November 28, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.78% . The trading price change to the current price is 0.39% . |
Tong Hsing Electronic Fundamentals Correlations and Trends
By evaluating Tong Hsing'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 Tong Hsing's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tong financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tong Hsing Stock history
Tong Hsing 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 Tong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tong Hsing Electronic 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 Tong Hsing stock prices may prove useful in developing a viable investing in Tong Hsing
Tong Hsing Electronic Industries, Ltd. develops, manufactures, and sells micro modules and custom semiconductor packages in Taiwan. The company was founded in 1974 and is headquartered in Taipei, Taiwan. TONG HSING is traded on Taiwan Stock Exchange in Taiwan.
Tong Hsing Stock Technical Analysis
Tong Hsing 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
Tong Hsing Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Tong Hsing Electronic 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.
Tong Hsing November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Tong Hsing stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tong Hsing shares will generate the highest return on investment. By undertsting and applying Tong Hsing stock market strength indicators, traders can identify Tong Hsing Electronic entry and exit signals to maximize returns
Tong Hsing Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tong Hsing's price direction in advance. Along with the technical and fundamental analysis of Tong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tong 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 | (0.20) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.19) |
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Additional Tools for Tong Stock Analysis
When running Tong Hsing's price analysis, check to measure Tong Hsing'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 Tong Hsing is operating at the current time. Most of Tong Hsing's value examination focuses on studying past and present price action to predict the probability of Tong Hsing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tong Hsing's price. Additionally, you may evaluate how the addition of Tong Hsing to your portfolios can decrease your overall portfolio volatility.