Globe Union (Taiwan) Price on October 5, 2023
9934 Stock | TWD 14.35 0.05 0.35% |
If you're considering investing in Globe Stock, it is important to understand the factors that can impact its price. As of today, the current price of Globe Union stands at 14.35, as last reported on the 30th of November, with the highest price reaching 14.50 and the lowest price hitting 14.30 during the day. Globe Union Industrial holds Efficiency (Sharpe) Ratio of -0.25, which attests that the entity had a -0.25% return per unit of risk over the last 3 months. Globe Union Industrial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globe Union's Standard Deviation of 1.71, risk adjusted performance of (0.19), and Market Risk Adjusted Performance of 24.26 to validate the risk estimate we provide.
Globe Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Globe |
Sharpe Ratio = -0.2502
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Negative Returns | 9934 |
Estimated Market Risk
1.74 actual daily | 15 85% of assets are more volatile |
Expected Return
-0.43 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.25 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Globe Union 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 Globe Union by adding Globe Union to a well-diversified portfolio.
Globe Union Valuation on October 5, 2023
It is possible to determine the worth of Globe Union on a given historical date. On October 5, 2023 Globe was worth 14.7 at the beginning of the trading date compared to the closed value of 14.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Globe Union stock. Still, in general, we apply an absolute valuation method to find Globe Union'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 Globe Union where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Globe Union's related companies.
Open | High | Low | Close | Volume | |
14.75 | 14.75 | 14.45 | 14.65 | 522,200 | |
10/05/2023 | 14.70 | 14.75 | 14.55 | 14.65 | 293,101 |
14.60 | 14.80 | 14.50 | 14.70 | 340,400 |
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Globe Union Trading Date Momentum on October 5, 2023
On October 06 2023 Globe Union Industrial was traded for 14.70 at the closing time. The highest price during the trading period was 14.80 and the lowest recorded bid was listed for 14.50 . The volume for the day was 340.4 K. This history from October 6, 2023 contributed to the next trading day price increase. The daily price change to the next closing price was 0.34% . The overall trading delta to the current price is 0.00% . |
Globe Union Industrial Fundamentals Correlations and Trends
By evaluating Globe Union'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 Globe Union's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Globe financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Globe Union Stock history
Globe Union 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 Globe is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Globe Union 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 Globe Union stock prices may prove useful in developing a viable investing in Globe Union
Globe Union Industrial Corp. engages in the design, development, manufacture, marketing, branding, and sale of kitchen and bathroom products for commercial and residential markets in Taiwan, the United States, Britain, Canada, China, and internationally. Globe Union Industrial Corp. was founded in 1979 and is headquartered in Taichung, Taiwan. GLOBE UNION is traded on Taiwan Stock Exchange in Taiwan.
Globe Union Stock Technical Analysis
Globe Union 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
Globe Union Period Price Range
Low | November 30, 2024
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0.00 | 0.00 |
Globe Union Industrial 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.
Globe Union November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Globe Union stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Globe Union shares will generate the highest return on investment. By undertsting and applying Globe Union stock market strength indicators, traders can identify Globe Union Industrial entry and exit signals to maximize returns
Globe Union Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Globe Union's price direction in advance. Along with the technical and fundamental analysis of Globe Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Globe 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 | (0.19) | |||
Jensen Alpha | (0.45) | |||
Total Risk Alpha | (0.74) | |||
Treynor Ratio | 24.25 |
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Volume Indicators |
Additional Tools for Globe Stock Analysis
When running Globe Union's price analysis, check to measure Globe Union'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 Globe Union is operating at the current time. Most of Globe Union's value examination focuses on studying past and present price action to predict the probability of Globe Union's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Union's price. Additionally, you may evaluate how the addition of Globe Union to your portfolios can decrease your overall portfolio volatility.