Shin Hai (Taiwan) Price on August 11, 2023
| 9926 Stock | TWD 52.70 0.50 0.96% |
If you're considering investing in Shin Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shin Hai stands at 52.70, as last reported on the 2nd of December, with the highest price reaching 52.80 and the lowest price hitting 52.20 during the day. Shin Hai Gas owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0518, which indicates the firm had a -0.0518% return per unit of risk over the last 3 months. Shin Hai Gas exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shin Hai's Variance of 0.6566, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,607) to confirm the risk estimate we provide.
Shin Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shin |
Sharpe Ratio = -0.0518
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| Negative Returns | 9926 |
Estimated Market Risk
| 0.8 actual daily | 7 93% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Shin Hai 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 Shin Hai by adding Shin Hai to a well-diversified portfolio.
Shin Hai Valuation on August 11, 2023
It is possible to determine the worth of Shin Hai on a given historical date. On August 11, 2023 Shin was worth 54.0 at the beginning of the trading date compared to the closed value of 53.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shin Hai stock. Still, in general, we apply an absolute valuation method to find Shin Hai'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 Shin Hai where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shin Hai's related companies.
| Open | High | Low | Close | Volume | |
| 53.60 | 54.20 | 53.60 | 53.60 | 14,000 | |
08/11/2023 | 54.00 | 54.00 | 53.70 | 53.70 | 2,000 |
| 53.50 | 53.50 | 53.40 | 53.40 | 7,000 |
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Shin Hai Trading Date Momentum on August 11, 2023
| On August 14 2023 Shin Hai Gas was traded for 53.40 at the closing time. The highest price during the trading period was 53.50 and the lowest recorded bid was listed for 53.40 . The volume for the day was 7 K. This history from August 14, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.56% . The trading price change to the current price is 2.61% . |
Shin Hai Gas Fundamentals Correlations and Trends
By evaluating Shin Hai'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 Shin Hai's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shin Hai Stock history
Shin Hai 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 Shin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shin Hai Gas 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 Shin Hai stock prices may prove useful in developing a viable investing in Shin Hai
The company also offers interrupting devices, microcomputer gas meters, safety equipment, stoves, and dryers. The company was founded in 1966 and is based in New Taipei City, Taiwan. SHIN HAI operates under Utilities - Regulated Gas classification in Taiwan and is traded on Taiwan Stock Exchange.
Shin Hai Stock Technical Analysis
Shin Hai 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
Shin Hai Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Shin Hai Gas 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.
Shin Hai December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Shin Hai stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shin Hai shares will generate the highest return on investment. By undertsting and applying Shin Hai stock market strength indicators, traders can identify Shin Hai Gas entry and exit signals to maximize returns
Shin Hai Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shin Hai's price direction in advance. Along with the technical and fundamental analysis of Shin Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shin 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 | (0.05) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.23) |
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Additional Tools for Shin Stock Analysis
When running Shin Hai's price analysis, check to measure Shin Hai'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 Shin Hai is operating at the current time. Most of Shin Hai's value examination focuses on studying past and present price action to predict the probability of Shin Hai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shin Hai's price. Additionally, you may evaluate how the addition of Shin Hai to your portfolios can decrease your overall portfolio volatility.