Ruentex Development (Taiwan) Price on November 11, 2024
| 9945 Stock | TWD 46.20 0.15 0.33% |
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 Development stands at 46.20, as last reported on the 23rd of November, with the highest price reaching 46.75 and the lowest price hitting 46.20 during the day. Ruentex Development maintains Sharpe Ratio (i.e., Efficiency) of -0.0378, which implies the firm had a -0.0378% return per unit of risk over the last 3 months. Ruentex Development exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ruentex Development's Coefficient Of Variation of (3,140), risk adjusted performance of (0.02), and Variance of 1.71 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 = -0.0378
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| Negative Returns | 9945 |
Estimated Market Risk
| 1.33 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ruentex Development 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 Development by adding Ruentex Development to a well-diversified portfolio.
Ruentex Development Valuation on November 11, 2024
It is possible to determine the worth of Ruentex Development on a given historical date. On November 11, 2024 Ruentex was worth 47.5 at the beginning of the trading date compared to the closed value of 48.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ruentex Development stock. Still, in general, we apply an absolute valuation method to find Ruentex Development'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 Ruentex Development where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ruentex Development's related companies.
| Open | High | Low | Close | Volume | |
| 47.30 | 48.35 | 47.30 | 47.50 | 6,365,691 | |
11/11/2024 | 47.50 | 48.35 | 47.25 | 48.20 | 6,595,742 |
| 47.60 | 47.95 | 47.15 | 47.50 | 6,478,974 |
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Ruentex Development Trading Date Momentum on November 11, 2024
| On November 12 2024 Ruentex Development Co was traded for 47.50 at the closing time. The highest price during the trading period was 47.95 and the lowest recorded bid was listed for 47.15 . The volume for the day was 6.5 M. This history from November 12, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.45% . The trading delta at closing time to the current price is 4.36% . |
Ruentex Development Fundamentals Correlations and Trends
By evaluating Ruentex Development'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 Ruentex Development's 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 Development Stock history
Ruentex Development 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 Development 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 Development stock prices may prove useful in developing a viable investing in Ruentex Development
Ruentex Development Co., Ltd. provides construction and civil engineering contracting services in Taiwan. Ruentex Development Co., Ltd. was incorporated in 1977 and is headquartered in Taipei, Taiwan. RUENTEX DEVELOPMENT operates under Engineering Construction classification in Taiwan and is traded on Taiwan Stock Exchange.
Ruentex Development Stock Technical Analysis
Ruentex Development 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 Development Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Ruentex Development 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 Development November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Ruentex Development 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 Development shares will generate the highest return on investment. By undertsting and applying Ruentex Development stock market strength indicators, traders can identify Ruentex Development Co entry and exit signals to maximize returns
Ruentex Development Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ruentex Development's 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 | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (1.97) |
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Additional Tools for Ruentex Stock Analysis
When running Ruentex Development's price analysis, check to measure Ruentex Development'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 Ruentex Development is operating at the current time. Most of Ruentex Development's value examination focuses on studying past and present price action to predict the probability of Ruentex Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ruentex Development's price. Additionally, you may evaluate how the addition of Ruentex Development to your portfolios can decrease your overall portfolio volatility.