Tanvex BioPharma (Taiwan) Price on November 20, 2024
| 6541 Stock | TWD 70.30 2.20 3.23% |
If you're considering investing in Tanvex Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tanvex BioPharma stands at 70.30, as last reported on the 27th of November, with the highest price reaching 70.50 and the lowest price hitting 68.40 during the day. Tanvex BioPharma owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0257, which indicates the firm had a -0.0257% return per unit of risk over the last 3 months. Tanvex BioPharma exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tanvex BioPharma's Coefficient Of Variation of (3,885), variance of 4.69, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide.
Tanvex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tanvex |
Sharpe Ratio = -0.0257
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| Negative Returns | 6541 |
Estimated Market Risk
| 2.16 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tanvex BioPharma 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 Tanvex BioPharma by adding Tanvex BioPharma to a well-diversified portfolio.
Tanvex BioPharma Valuation on November 20, 2024
It is possible to determine the worth of Tanvex BioPharma on a given historical date. On November 20, 2024 Tanvex was worth 62.0 at the beginning of the trading date compared to the closed value of 68.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tanvex BioPharma stock. Still, in general, we apply an absolute valuation method to find Tanvex BioPharma'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 Tanvex BioPharma where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tanvex BioPharma's related companies.
| Open | High | Low | Close | Volume | |
| 63.30 | 63.30 | 61.10 | 62.00 | 230,983 | |
11/20/2024 | 62.00 | 68.20 | 61.50 | 68.20 | 590,386 |
| 67.90 | 71.50 | 67.00 | 69.80 | 550,072 |
| Backtest Tanvex BioPharma | | | Tanvex BioPharma History | | | Tanvex BioPharma Valuation | Previous | Next |
Tanvex BioPharma Trading Date Momentum on November 20, 2024
| On November 21 2024 Tanvex BioPharma was traded for 69.80 at the closing time. The highest price during the trading period was 71.50 and the lowest recorded bid was listed for 67.00 . The volume for the day was 550.1 K. This history from November 21, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 2.35% . The trading price change to the current price is 1.17% . |
Tanvex BioPharma Fundamentals Correlations and Trends
By evaluating Tanvex BioPharma'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 Tanvex BioPharma's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tanvex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tanvex BioPharma Stock history
Tanvex BioPharma 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 Tanvex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tanvex BioPharma 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 Tanvex BioPharma stock prices may prove useful in developing a viable investing in Tanvex BioPharma
Tanvex BioPharma, Inc., a biopharmaceutical company, engages in the research, development, manufacture, and sale of biosimilar and biologic products and drugs in Taiwan and the United States. Tanvex BioPharma, Inc. was incorporated in 2013 and is based in George Town, the Cayman Islands. TANVEX BIOPHARMA is traded on Taiwan Stock Exchange in Taiwan.
Tanvex BioPharma Stock Technical Analysis
Tanvex BioPharma 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
Tanvex BioPharma Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Tanvex BioPharma 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.
Tanvex BioPharma November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Tanvex BioPharma stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tanvex BioPharma shares will generate the highest return on investment. By undertsting and applying Tanvex BioPharma stock market strength indicators, traders can identify Tanvex BioPharma entry and exit signals to maximize returns
Tanvex BioPharma Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tanvex BioPharma's price direction in advance. Along with the technical and fundamental analysis of Tanvex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tanvex 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 | (0.1) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.25) |
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Additional Tools for Tanvex Stock Analysis
When running Tanvex BioPharma's price analysis, check to measure Tanvex BioPharma'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 Tanvex BioPharma is operating at the current time. Most of Tanvex BioPharma's value examination focuses on studying past and present price action to predict the probability of Tanvex BioPharma's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tanvex BioPharma's price. Additionally, you may evaluate how the addition of Tanvex BioPharma to your portfolios can decrease your overall portfolio volatility.