Ruentex Materials (Taiwan) Price on December 2, 2024
8463 Stock | TWD 26.10 0.10 0.38% |
If you're considering investing in Ruentex Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ruentex Materials stands at 26.10, as last reported on the 2nd of December, with the highest price reaching 26.95 and the lowest price hitting 25.80 during the day. Ruentex Materials maintains Sharpe Ratio (i.e., Efficiency) of -0.0684, which implies the firm had a -0.0684% return per unit of risk over the last 3 months. Ruentex Materials exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ruentex Materials' Risk Adjusted Performance of (0.07), variance of 1.75, and Coefficient Of Variation of (1,087) to confirm the risk estimate we provide.
Ruentex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ruentex |
Sharpe Ratio = -0.0684
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Negative Returns | 8463 |
Estimated Market Risk
1.34 actual daily | 11 89% of assets are more volatile |
Expected Return
-0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ruentex Materials 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 Ruentex Materials by adding Ruentex Materials to a well-diversified portfolio.
Ruentex Materials Valuation on December 2, 2024
It is possible to determine the worth of Ruentex Materials on a given historical date. On December 2, 2024 Ruentex was worth 25.95 at the beginning of the trading date compared to the closed value of 26.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ruentex Materials stock. Still, in general, we apply an absolute valuation method to find Ruentex Materials' 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 Ruentex Materials where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ruentex Materials' related companies.
Open | High | Low | Close | Volume | |
25.95 | 26.95 | 25.80 | 26.10 | 46,000 | |
12/02/2024 | 25.95 | 26.95 | 25.80 | 26.10 | 0.00 |
Backtest Ruentex Materials | | | Ruentex Materials History | | | Ruentex Materials Valuation | Previous |
Ruentex Materials Trading Date Momentum on December 2, 2024
On December 02 2024 Ruentex Materials Co was traded for 26.10 at the closing time. The highest price during the trading period was 26.95 and the lowest recorded bid was listed for 25.80 . There was no trading activity during the period 0.0. Lack of trading volume on December 2, 2024 did not cause price change. The trading delta at closing time to the current price is 0.57% . |
Ruentex Materials Fundamentals Correlations and Trends
By evaluating Ruentex Materials' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ruentex Materials' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ruentex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ruentex Materials Stock history
Ruentex Materials 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 Ruentex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ruentex Materials 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 Ruentex Materials stock prices may prove useful in developing a viable investing in Ruentex Materials
It offers Portland blast furnace cement, Portland cement, and stove powder and mortar, surface powder, and sticky and sealing materials, no shrinkage mortar, mud, and elastic cement. The company was founded in 1992 and is headquartered in Taipei, Taiwan. RUENTEX MATERIALS is traded on Taiwan Stock Exchange in Taiwan.
Ruentex Materials Stock Technical Analysis
Ruentex Materials 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
Ruentex Materials Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Ruentex Materials Co 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.
Ruentex Materials December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Ruentex Materials stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ruentex Materials shares will generate the highest return on investment. By undertsting and applying Ruentex Materials stock market strength indicators, traders can identify Ruentex Materials Co entry and exit signals to maximize returns
Ruentex Materials Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ruentex Materials' price direction in advance. Along with the technical and fundamental analysis of Ruentex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ruentex 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 | (0.07) | |||
Jensen Alpha | (0.16) | |||
Total Risk Alpha | (0.35) | |||
Treynor Ratio | (0.61) |
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Additional Tools for Ruentex Stock Analysis
When running Ruentex Materials' price analysis, check to measure Ruentex Materials' 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 Ruentex Materials is operating at the current time. Most of Ruentex Materials' value examination focuses on studying past and present price action to predict the probability of Ruentex Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ruentex Materials' price. Additionally, you may evaluate how the addition of Ruentex Materials to your portfolios can decrease your overall portfolio volatility.