Sitronix Technology (Taiwan) Price on July 19, 2024

8016 Stock  TWD 207.00  3.50  1.72%   
If you're considering investing in Sitronix Stock, it is important to understand the factors that can impact its price. As of today, the current price of Sitronix Technology stands at 207.00, as last reported on the 30th of November, with the highest price reaching 207.00 and the lowest price hitting 202.00 during the day. Sitronix Technology Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Sitronix Technology Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sitronix Technology's Risk Adjusted Performance of (0.07), coefficient of variation of (989.61), and Variance of 2.25 to confirm the risk estimate we provide.
  
Sitronix Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1115

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Estimated Market Risk

 1.52
  actual daily
13
87% of assets are more volatile

Expected Return

 -0.17
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average Sitronix Technology 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 Sitronix Technology by adding Sitronix Technology to a well-diversified portfolio.

Sitronix Technology Valuation on July 19, 2024

It is possible to determine the worth of Sitronix Technology on a given historical date. On July 19, 2024 Sitronix was worth 254.0 at the beginning of the trading date compared to the closed value of 245.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sitronix Technology stock. Still, in general, we apply an absolute valuation method to find Sitronix Technology'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 Sitronix Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sitronix Technology's related companies.
 Open High Low Close Volume
  248.50    254.50    246.50    254.50    1,637,697  
07/19/2024
  254.00    254.00    245.50    245.50    1,189,984  
  243.00    243.00    231.50    233.50    1,439,283  
Backtest Sitronix Technology  |  Sitronix Technology History  |  Sitronix Technology Valuation   PreviousNext  
Open Value
254.0
249.44
Downside
245.5
Closing Value
258.56
Upside

Sitronix Technology Trading Date Momentum on July 19, 2024

On July 22 2024 Sitronix Technology Corp was traded for  233.50  at the closing time. The highest price during the trading period was 243.00  and the lowest recorded bid was listed for  231.50 . The volume for the day was 1.4 M. This history from July 22, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 4.89% . The trading price change to the current price is 0.61% .

Sitronix Technology Corp Fundamentals Correlations and Trends

By evaluating Sitronix Technology'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 Sitronix Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sitronix financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Sitronix Technology Stock history

Sitronix Technology 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 Sitronix is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sitronix Technology Corp 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 Sitronix Technology stock prices may prove useful in developing a viable investing in Sitronix Technology
Sitronix Technology Corporation, a fabless semiconductor company, offers display driver integrated circuits . Sitronix Technology Corporation was incorporated in 1992 and is headquartered in Zhubei City, Taiwan. SITRONIX TECHNOLOGY operates under Semiconductors classification in Taiwan and is traded on Taiwan Stock Exchange.

Sitronix Technology Stock Technical Analysis

Sitronix Technology 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.
A focus of Sitronix Technology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sitronix Technology trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Sitronix Technology Period Price Range

Low
November 30, 2024
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High

 0.00 

     

 0.00 

Sitronix Technology Corp 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.

Sitronix Technology November 30, 2024 Market Strength

Market strength indicators help investors to evaluate how Sitronix Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sitronix Technology shares will generate the highest return on investment. By undertsting and applying Sitronix Technology stock market strength indicators, traders can identify Sitronix Technology Corp entry and exit signals to maximize returns

Sitronix Technology Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Sitronix Technology's price direction in advance. Along with the technical and fundamental analysis of Sitronix Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sitronix 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.

Additional Tools for Sitronix Stock Analysis

When running Sitronix Technology's price analysis, check to measure Sitronix Technology'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 Sitronix Technology is operating at the current time. Most of Sitronix Technology's value examination focuses on studying past and present price action to predict the probability of Sitronix Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sitronix Technology's price. Additionally, you may evaluate how the addition of Sitronix Technology to your portfolios can decrease your overall portfolio volatility.