Ligitek Electronics (Taiwan) Price on May 22, 2023
| 8111 Stock | TWD 39.45 1.15 3.00% |
If you're considering investing in Ligitek Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ligitek Electronics stands at 39.45, as last reported on the 1st of December, with the highest price reaching 39.70 and the lowest price hitting 38.30 during the day. Ligitek Electronics appears to be not too volatile, given 3 months investment horizon. Ligitek Electronics has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Ligitek Electronics' technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please exercise Ligitek Electronics' Risk Adjusted Performance of 0.1172, downside deviation of 3.53, and Mean Deviation of 3.4 to check out if our risk estimates are consistent with your expectations.
Ligitek Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ligitek |
Sharpe Ratio = 0.1304
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Estimated Market Risk
| 4.29 actual daily | 38 62% of assets are more volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Ligitek Electronics is performing at about 10% 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 Ligitek Electronics by adding it to a well-diversified portfolio.
Ligitek Electronics Valuation on May 22, 2023
It is possible to determine the worth of Ligitek Electronics on a given historical date. On May 22, 2023 Ligitek was worth 20.8 at the beginning of the trading date compared to the closed value of 19.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ligitek Electronics stock. Still, in general, we apply an absolute valuation method to find Ligitek Electronics' 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 Ligitek Electronics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ligitek Electronics' related companies.
| Open | High | Low | Close | Volume | |
| 21.20 | 21.25 | 19.62 | 19.62 | 306,895 | |
05/22/2023 | 20.80 | 21.15 | 19.90 | 19.90 | 284,909 |
| 21.30 | 21.45 | 20.09 | 20.09 | 329,445 |
| Backtest Ligitek Electronics | | | Ligitek Electronics History | | | Ligitek Electronics Valuation | Previous | Next |
Ligitek Electronics Trading Date Momentum on May 22, 2023
| On May 23 2023 Ligitek Electronics Co was traded for 20.09 at the closing time. The highest price during the trading period was 21.45 and the lowest recorded bid was listed for 20.09 . The volume for the day was 329.4 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 0.95% . The trading delta at closing time to the current price is 8.79% . |
Ligitek Electronics Fundamentals Correlations and Trends
By evaluating Ligitek Electronics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ligitek Electronics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ligitek financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ligitek Electronics Stock history
Ligitek Electronics 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 Ligitek is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ligitek Electronics 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 Ligitek Electronics stock prices may prove useful in developing a viable investing in Ligitek Electronics
Ligitek Electronics Co., Ltd. designs, develops, manufactures, and sells a range of optoelectronic components for lighting applications in Taiwan and internationally. The company was founded in 1989 and is headquartered in New Taipei City, Taiwan. LIGITEK ELECTRONICS operates under Electronic Components classification in Taiwan and is traded on Taiwan OTC Exchange.
Ligitek Electronics Stock Technical Analysis
Ligitek Electronics 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
Ligitek Electronics Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Ligitek Electronics Co 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.
Ligitek Electronics December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Ligitek Electronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ligitek Electronics shares will generate the highest return on investment. By undertsting and applying Ligitek Electronics stock market strength indicators, traders can identify Ligitek Electronics Co entry and exit signals to maximize returns
Ligitek Electronics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ligitek Electronics' price direction in advance. Along with the technical and fundamental analysis of Ligitek Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ligitek 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 | 0.1172 | |||
| Jensen Alpha | 0.5364 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1336 | |||
| Treynor Ratio | 1.22 |
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Additional Tools for Ligitek Stock Analysis
When running Ligitek Electronics' price analysis, check to measure Ligitek Electronics' 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 Ligitek Electronics is operating at the current time. Most of Ligitek Electronics' value examination focuses on studying past and present price action to predict the probability of Ligitek Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ligitek Electronics' price. Additionally, you may evaluate how the addition of Ligitek Electronics to your portfolios can decrease your overall portfolio volatility.