Brighten Optix (Taiwan) Price on October 12, 2023
6747 Stock | TWD 135.50 2.00 1.50% |
If you're considering investing in Brighten Stock, it is important to understand the factors that can impact its price. As of today, the current price of Brighten Optix stands at 135.50, as last reported on the 1st of December, with the highest price reaching 135.50 and the lowest price hitting 133.50 during the day. Brighten Optix secures Sharpe Ratio (or Efficiency) of -0.23, which signifies that the company had a -0.23% return per unit of risk over the last 3 months. Brighten Optix exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brighten Optix's Risk Adjusted Performance of (0.13), standard deviation of 0.9168, and Mean Deviation of 0.6823 to double-check the risk estimate we provide.
Brighten Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Brighten |
Sharpe Ratio = -0.2255
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Negative Returns | 6747 |
Estimated Market Risk
0.9 actual daily | 8 92% of assets are more volatile |
Expected Return
-0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.23 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Brighten Optix 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 Brighten Optix by adding Brighten Optix to a well-diversified portfolio.
Brighten Optix Valuation on October 12, 2023
It is possible to determine the worth of Brighten Optix on a given historical date. On October 12, 2023 Brighten was worth 190.5 at the beginning of the trading date compared to the closed value of 189.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Brighten Optix stock. Still, in general, we apply an absolute valuation method to find Brighten Optix'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 Brighten Optix where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Brighten Optix's related companies.
Open | High | Low | Close | Volume | |
190.50 | 191.00 | 190.50 | 191.00 | 11,000 | |
10/12/2023 | 190.50 | 190.50 | 186.50 | 189.00 | 32,000 |
187.00 | 187.00 | 179.50 | 185.50 | 115,000 |
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Brighten Optix Trading Date Momentum on October 12, 2023
On October 13 2023 Brighten Optix was traded for 185.50 at the closing time. The highest price during the trading period was 187.00 and the lowest recorded bid was listed for 179.50 . The volume for the day was 115 K. This history from October 13, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 1.85% . The overall trading delta to the current price is 4.23% . |
Brighten Optix Fundamentals Correlations and Trends
By evaluating Brighten Optix'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 Brighten Optix's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Brighten financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Brighten Optix Stock history
Brighten Optix 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 Brighten is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Brighten Optix 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 Brighten Optix stock prices may prove useful in developing a viable investing in Brighten Optix
Brighten Optix Corporation researches and develops, manufactures, and sells specialty contact lenses in Taiwan and the Asia Pacific region. The company offers its products under the Ortho-K myopia management lens, HiClear gas permeable lens, Briomoist lens care systems, SynergEyes hybrid lens, and Large Diameter GP lens. BRIGHTEN OPTIX operates under Medical Devices classification in Taiwan and is traded on Taiwan OTC Exchange.
Brighten Optix Stock Technical Analysis
Brighten Optix 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
Brighten Optix Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Brighten Optix 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.
Brighten Optix December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Brighten Optix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Brighten Optix shares will generate the highest return on investment. By undertsting and applying Brighten Optix stock market strength indicators, traders can identify Brighten Optix entry and exit signals to maximize returns
Brighten Optix Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Brighten Optix's price direction in advance. Along with the technical and fundamental analysis of Brighten Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Brighten 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 | (0.13) | |||
Jensen Alpha | (0.16) | |||
Total Risk Alpha | (0.32) | |||
Treynor Ratio | 2.3 |
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Additional Tools for Brighten Stock Analysis
When running Brighten Optix's price analysis, check to measure Brighten Optix'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 Brighten Optix is operating at the current time. Most of Brighten Optix's value examination focuses on studying past and present price action to predict the probability of Brighten Optix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brighten Optix's price. Additionally, you may evaluate how the addition of Brighten Optix to your portfolios can decrease your overall portfolio volatility.