Shinih Enterprise (Taiwan) Price on October 22, 2024

9944 Stock  TWD 20.50  0.10  0.49%   
If you're considering investing in Shinih Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shinih Enterprise stands at 20.50, as last reported on the 30th of November, with the highest price reaching 20.55 and the lowest price hitting 20.35 during the day. Shinih Enterprise owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0179, which indicates the firm had a -0.0179% return per unit of risk over the last 3 months. Shinih Enterprise Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shinih Enterprise's Coefficient Of Variation of (2,737), risk adjusted performance of (0.03), and Variance of 0.3135 to confirm the risk estimate we provide.
  
Shinih Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0179

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Estimated Market Risk

 0.55
  actual daily
4
96% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average Shinih Enterprise 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 Shinih Enterprise by adding Shinih Enterprise to a well-diversified portfolio.

Shinih Enterprise Valuation on October 22, 2024

It is possible to determine the worth of Shinih Enterprise on a given historical date. On October 22, 2024 Shinih was worth 20.5 at the beginning of the trading date compared to the closed value of 20.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shinih Enterprise stock. Still, in general, we apply an absolute valuation method to find Shinih Enterprise'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 Shinih Enterprise where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shinih Enterprise's related companies.
 Open High Low Close Volume
  20.60    20.65    20.50    20.65    121,000  
10/22/2024
  20.50    20.65    20.40    20.65    150,730  
  20.60    20.75    20.55    20.55    164,000  
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Open Value
20.5
20.65
Closing Value
22.16
Upside

Shinih Enterprise Trading Date Momentum on October 22, 2024

On October 23 2024 Shinih Enterprise Co was traded for  20.55  at the closing time. The highest price during the trading period was 20.75  and the lowest recorded bid was listed for  20.55 . The volume for the day was 164 K. This history from October 23, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.48% . The trading price change to the current price is 0.73% .

Shinih Enterprise Fundamentals Correlations and Trends

By evaluating Shinih Enterprise'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 Shinih Enterprise's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shinih financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Shinih Enterprise Stock history

Shinih Enterprise 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 Shinih is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shinih Enterprise 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 Shinih Enterprise stock prices may prove useful in developing a viable investing in Shinih Enterprise
Shinih Enterprise Co., Ltd. manufactures and sells non-woven products in Taiwan and internationally. The company was founded in 1962 and is headquartered in Taoyuan City, Taiwan. SHINIH ENTERPRISE is traded on Taiwan Stock Exchange in Taiwan.

Shinih Enterprise Stock Technical Analysis

Shinih Enterprise 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.
A focus of Shinih Enterprise technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Shinih Enterprise trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Shinih Enterprise Period Price Range

Low
November 30, 2024
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High

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Shinih Enterprise 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.

Shinih Enterprise November 30, 2024 Market Strength

Market strength indicators help investors to evaluate how Shinih Enterprise stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shinih Enterprise shares will generate the highest return on investment. By undertsting and applying Shinih Enterprise stock market strength indicators, traders can identify Shinih Enterprise Co entry and exit signals to maximize returns

Shinih Enterprise Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Shinih Enterprise's price direction in advance. Along with the technical and fundamental analysis of Shinih Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shinih 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.

Additional Tools for Shinih Stock Analysis

When running Shinih Enterprise's price analysis, check to measure Shinih Enterprise'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 Shinih Enterprise is operating at the current time. Most of Shinih Enterprise's value examination focuses on studying past and present price action to predict the probability of Shinih Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shinih Enterprise's price. Additionally, you may evaluate how the addition of Shinih Enterprise to your portfolios can decrease your overall portfolio volatility.