RiTdisplay Corp (Taiwan) Price on September 25, 2024
| 8104 Stock | TWD 57.40 1.50 2.68% |
If you're considering investing in RiTdisplay Stock, it is important to understand the factors that can impact its price. As of today, the current price of RiTdisplay Corp stands at 57.40, as last reported on the 30th of November, with the highest price reaching 58.70 and the lowest price hitting 55.60 during the day. RiTdisplay Corp appears to be very steady, given 3 months investment horizon. RiTdisplay Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of standard deviation over the last 3 months. By analyzing RiTdisplay Corp's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please evaluate RiTdisplay Corp's Market Risk Adjusted Performance of 4.63, semi deviation of 2.05, and Risk Adjusted Performance of 0.1095 to confirm if our risk estimates are consistent with your expectations.
RiTdisplay Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
RiTdisplay |
Sharpe Ratio = 0.1591
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| Small Returns | 8104 | |||
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Estimated Market Risk
| 3.43 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.55 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average RiTdisplay Corp is performing at about 12% 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 RiTdisplay Corp by adding it to a well-diversified portfolio.
RiTdisplay Corp Valuation on September 25, 2024
It is possible to determine the worth of RiTdisplay Corp on a given historical date. On September 25, 2024 RiTdisplay was worth 42.6 at the beginning of the trading date compared to the closed value of 41.95. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of RiTdisplay Corp stock. Still, in general, we apply an absolute valuation method to find RiTdisplay Corp'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 RiTdisplay Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against RiTdisplay Corp's related companies.
| Open | High | Low | Close | Volume | |
| 43.40 | 43.40 | 42.35 | 42.35 | 592,095 | |
09/25/2024 | 42.60 | 42.95 | 41.65 | 41.95 | 515,813 |
| 41.95 | 43.15 | 41.35 | 41.45 | 700,624 |
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RiTdisplay Corp Trading Date Momentum on September 25, 2024
| On September 26 2024 RiTdisplay Corp was traded for 41.45 at the closing time. The highest price during the trading period was 43.15 and the lowest recorded bid was listed for 41.35 . The volume for the day was 700.6 K. This history from September 26, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.19% . The trading delta at closing time to the current price is 28.72% . |
RiTdisplay Corp Fundamentals Correlations and Trends
By evaluating RiTdisplay Corp'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 RiTdisplay Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. RiTdisplay financial account trend analysis is a perfect complement when working with valuation or volatility modules.About RiTdisplay Corp Stock history
RiTdisplay Corp 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 RiTdisplay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in RiTdisplay 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 RiTdisplay Corp stock prices may prove useful in developing a viable investing in RiTdisplay Corp
RiTdisplay Corporation engages in the research and development, manufacture, and sale of organic light-emitting diodes in Taiwan and internationally. The company was founded in 1997 and is based in Hsinchu City, Taiwan. RITDISPLAY CORPORATION operates under Electronic Components classification in Taiwan and is traded on Taiwan Stock Exchange.
RiTdisplay Corp Stock Technical Analysis
RiTdisplay Corp 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
RiTdisplay Corp Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
RiTdisplay 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.
RiTdisplay Corp November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how RiTdisplay Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RiTdisplay Corp shares will generate the highest return on investment. By undertsting and applying RiTdisplay Corp stock market strength indicators, traders can identify RiTdisplay Corp entry and exit signals to maximize returns
RiTdisplay Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for RiTdisplay Corp's price direction in advance. Along with the technical and fundamental analysis of RiTdisplay Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of RiTdisplay 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 | 0.1095 | |||
| Jensen Alpha | 0.4278 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1303 | |||
| Treynor Ratio | 4.62 |
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Additional Tools for RiTdisplay Stock Analysis
When running RiTdisplay Corp's price analysis, check to measure RiTdisplay Corp'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 RiTdisplay Corp is operating at the current time. Most of RiTdisplay Corp's value examination focuses on studying past and present price action to predict the probability of RiTdisplay Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RiTdisplay Corp's price. Additionally, you may evaluate how the addition of RiTdisplay Corp to your portfolios can decrease your overall portfolio volatility.