Wah Hong (Taiwan) Price on September 25, 2024
| 8240 Stock | TWD 46.70 0.85 1.79% |
If you're considering investing in Wah Stock, it is important to understand the factors that can impact its price. As of today, the current price of Wah Hong stands at 46.70, as last reported on the 1st of December, with the highest price reaching 48.75 and the lowest price hitting 46.30 during the day. Wah Hong appears to be not too volatile, given 3 months investment horizon. Wah Hong Industrial shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. By examining Wah Hong's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Wah Hong's Market Risk Adjusted Performance of 0.664, downside deviation of 4.16, and Mean Deviation of 2.77 to validate if our risk estimates are consistent with your expectations.
Wah Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Wah |
Sharpe Ratio = 0.1293
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 8240 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.15 actual daily | 36 64% of assets are more volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Wah Hong 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 Wah Hong by adding it to a well-diversified portfolio.
Wah Hong Valuation on September 25, 2024
It is possible to determine the worth of Wah Hong on a given historical date. On September 25, 2024 Wah was worth 37.25 at the beginning of the trading date compared to the closed value of 36.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Wah Hong stock. Still, in general, we apply an absolute valuation method to find Wah Hong'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 Wah Hong where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Wah Hong's related companies.
| Open | High | Low | Close | Volume | |
| 35.90 | 38.50 | 35.90 | 37.30 | 2,240,622 | |
09/25/2024 | 37.25 | 37.55 | 36.20 | 36.75 | 792,541 |
| 36.85 | 37.40 | 35.60 | 36.10 | 401,721 |
| Backtest Wah Hong | | | Wah Hong History | | | Wah Hong Valuation | Previous | Next |
Wah Hong Trading Date Momentum on September 25, 2024
| On September 26 2024 Wah Hong Industrial was traded for 36.10 at the closing time. The highest price during the trading period was 37.40 and the lowest recorded bid was listed for 35.60 . The volume for the day was 401.7 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 1.77% . The trading price change to the current price is 5.17% . |
Wah Hong Industrial Fundamentals Correlations and Trends
By evaluating Wah Hong'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 Wah Hong's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Wah financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Wah Hong Stock history
Wah Hong 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 Wah is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Wah Hong Industrial 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 Wah Hong stock prices may prove useful in developing a viable investing in Wah Hong
Wah Hong Stock Technical Analysis
Wah Hong 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
Wah Hong Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Wah Hong Industrial 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.
Wah Hong December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Wah Hong stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wah Hong shares will generate the highest return on investment. By undertsting and applying Wah Hong stock market strength indicators, traders can identify Wah Hong Industrial entry and exit signals to maximize returns
Wah Hong Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Wah Hong's price direction in advance. Along with the technical and fundamental analysis of Wah Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Wah 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 | 0.1071 | |||
| Jensen Alpha | 0.4177 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.094 | |||
| Treynor Ratio | 0.654 |
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| Math Transform | ||
| Momentum Indicators | ||
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Wah Stock Analysis
When running Wah Hong's price analysis, check to measure Wah Hong'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 Wah Hong is operating at the current time. Most of Wah Hong's value examination focuses on studying past and present price action to predict the probability of Wah Hong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wah Hong's price. Additionally, you may evaluate how the addition of Wah Hong to your portfolios can decrease your overall portfolio volatility.