CoAsia Microelectronics (Taiwan) Price on May 22, 2023
8096 Stock | TWD 41.00 1.00 2.38% |
If you're considering investing in CoAsia Stock, it is important to understand the factors that can impact its price. As of today, the current price of CoAsia Microelectronics stands at 41.00, as last reported on the 11th of December 2024, with the highest price reaching 45.00 and the lowest price hitting 40.95 during the day. CoAsia Microelectronics retains Efficiency (Sharpe Ratio) of -0.0813, which signifies that the company had a -0.0813% return per unit of risk over the last 3 months. CoAsia Microelectronics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CoAsia Microelectronics' market risk adjusted performance of (0.19), and Variance of 8.79 to double-check the risk estimate we provide.
CoAsia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
CoAsia |
Sharpe Ratio = -0.0813
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Negative Returns | 8096 |
Estimated Market Risk
3.01 actual daily | 26 74% of assets are more volatile |
Expected Return
-0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average CoAsia Microelectronics 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 CoAsia Microelectronics by adding CoAsia Microelectronics to a well-diversified portfolio.
CoAsia Microelectronics Valuation on May 22, 2023
It is possible to determine the worth of CoAsia Microelectronics on a given historical date. On May 22, 2023 CoAsia was worth 11.33 at the beginning of the trading date compared to the closed value of 11.33. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CoAsia Microelectronics stock. Still, in general, we apply an absolute valuation method to find CoAsia Microelectronics' 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 CoAsia Microelectronics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CoAsia Microelectronics' related companies.
Open | High | Low | Close | Volume | |
11.38 | 11.43 | 11.28 | 11.33 | 86,258 | |
05/22/2023 | 11.33 | 11.38 | 11.33 | 11.33 | 122,366 |
11.38 | 11.43 | 11.28 | 11.38 | 153,459 |
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CoAsia Microelectronics Trading Date Momentum on May 22, 2023
On May 23 2023 CoAsia Microelectronics was traded for 11.38 at the closing time. The highest price during the trading period was 11.43 and the lowest recorded bid was listed for 11.28 . The volume for the day was 153.5 K. This history from May 23, 2023 contributed to the next trading day price increase. The daily price change to the next closing price was 0.44% . The overall trading delta to the current price is 0.88% . |
CoAsia Microelectronics Fundamentals Correlations and Trends
By evaluating CoAsia Microelectronics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CoAsia Microelectronics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CoAsia financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CoAsia Microelectronics Stock history
CoAsia Microelectronics 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 CoAsia is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CoAsia Microelectronics 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 CoAsia Microelectronics stock prices may prove useful in developing a viable investing in CoAsia Microelectronics
CoAsia Electronics Corp. provides components for mobile multimedia in Taiwan, China, the United States, Southeast Asia, India, and Korea. CoAsia Electronics Corp. was founded in 1997 and is based in Taipei, Taiwan. COASIA ELECTRONICS operates under Semiconductors classification in Taiwan and is traded on Taiwan OTC Exchange. It employs 154 people.
CoAsia Microelectronics Stock Technical Analysis
CoAsia Microelectronics 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
CoAsia Microelectronics Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
CoAsia Microelectronics 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.
CoAsia Microelectronics December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how CoAsia Microelectronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CoAsia Microelectronics shares will generate the highest return on investment. By undertsting and applying CoAsia Microelectronics stock market strength indicators, traders can identify CoAsia Microelectronics entry and exit signals to maximize returns
CoAsia Microelectronics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CoAsia Microelectronics' price direction in advance. Along with the technical and fundamental analysis of CoAsia Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CoAsia 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 | (0.06) | |||
Jensen Alpha | (0.43) | |||
Total Risk Alpha | (0.75) | |||
Treynor Ratio | (0.20) |
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Additional Tools for CoAsia Stock Analysis
When running CoAsia Microelectronics' price analysis, check to measure CoAsia Microelectronics' 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 CoAsia Microelectronics is operating at the current time. Most of CoAsia Microelectronics' value examination focuses on studying past and present price action to predict the probability of CoAsia Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CoAsia Microelectronics' price. Additionally, you may evaluate how the addition of CoAsia Microelectronics to your portfolios can decrease your overall portfolio volatility.