Taiwan Steel (Taiwan) Price on September 9, 2024
| 6581 Stock | TWD 110.00 2.00 1.79% |
If you're considering investing in Taiwan Stock, it is important to understand the factors that can impact its price. As of today, the current price of Taiwan Steel stands at 110.00, as last reported on the 28th of November, with the highest price reaching 111.50 and the lowest price hitting 110.00 during the day. At this stage we consider Taiwan Stock to be very steady. Taiwan Steel Union owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0242, which indicates the firm had a 0.0242% return per unit of risk over the last 3 months. We have found thirty technical indicators for Taiwan Steel Union, which you can use to evaluate the volatility of the company. Please validate Taiwan Steel's Semi Deviation of 1.56, coefficient of variation of 2126.49, and Risk Adjusted Performance of 0.0422 to confirm if the risk estimate we provide is consistent with the expected return of 0.0512%.
Taiwan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Taiwan |
Sharpe Ratio = 0.0242
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | 6581 | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.12 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Taiwan Steel is performing at about 1% of its full potential. 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 Taiwan Steel by adding it to a well-diversified portfolio.
Taiwan Steel Valuation on September 9, 2024
It is possible to determine the worth of Taiwan Steel on a given historical date. On September 9, 2024 Taiwan was worth 105.0 at the beginning of the trading date compared to the closed value of 105.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Taiwan Steel stock. Still, in general, we apply an absolute valuation method to find Taiwan Steel'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 Taiwan Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Taiwan Steel's related companies.
| Open | High | Low | Close | Volume | |
| 105.00 | 107.00 | 105.00 | 105.00 | 22,087 | |
09/09/2024 | 105.00 | 106.00 | 105.00 | 105.00 | 29,000 |
| 105.00 | 105.00 | 104.00 | 104.00 | 25,456 |
| Backtest Taiwan Steel | | | Taiwan Steel History | | | Taiwan Steel Valuation | Previous | Next |
Taiwan Steel Trading Date Momentum on September 9, 2024
| On September 10 2024 Taiwan Steel Union was traded for 104.00 at the closing time. The highest price during the trading period was 105.00 and the lowest recorded bid was listed for 104.00 . The volume for the day was 25.5 K. This history from September 10, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.95% . The trading price change to the current price is 0.48% . |
Taiwan Steel Union Fundamentals Correlations and Trends
By evaluating Taiwan Steel'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 Taiwan Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Taiwan financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Taiwan Steel Stock history
Taiwan Steel 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 Taiwan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Taiwan Steel Union 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 Taiwan Steel stock prices may prove useful in developing a viable investing in Taiwan Steel
Taiwan Steel Union Co., Ltd manufactures and trades in non-ferrous metals, such as zinc oxide and non-metallic mineral products in Taiwan. The company was founded in 1984 and is based in Changhua County, Taiwan. TAIWAN STEEL operates under Waste Management classification in Taiwan and is traded on Taiwan Stock Exchange.
Taiwan Steel Stock Technical Analysis
Taiwan Steel 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
Taiwan Steel Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Taiwan Steel Union 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.
Taiwan Steel November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Taiwan Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Taiwan Steel shares will generate the highest return on investment. By undertsting and applying Taiwan Steel stock market strength indicators, traders can identify Taiwan Steel Union entry and exit signals to maximize returns
Taiwan Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Taiwan Steel's price direction in advance. Along with the technical and fundamental analysis of Taiwan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Taiwan 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 | 0.0422 | |||
| Jensen Alpha | 0.079 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 1.36 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Taiwan Stock Analysis
When running Taiwan Steel's price analysis, check to measure Taiwan Steel'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 Taiwan Steel is operating at the current time. Most of Taiwan Steel's value examination focuses on studying past and present price action to predict the probability of Taiwan Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Steel's price. Additionally, you may evaluate how the addition of Taiwan Steel to your portfolios can decrease your overall portfolio volatility.