Topower (Taiwan) Price on March 14, 2024
| 3226 Stock | TWD 55.90 0.00 0.00% |
If you're considering investing in Topower Stock, it is important to understand the factors that can impact its price. As of today, the current price of Topower stands at 55.90, as last reported on the 3rd of May, with the highest price reaching 55.90 and the lowest price hitting 55.90 during the day. Topower owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0329, which indicates the firm had a -0.0329% return per unit of risk over the last 3 months. Topower Co exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Topower's Coefficient Of Variation of (3,036), variance of 3.07, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide.
Topower Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Topower |
Sharpe Ratio = -0.0329
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 3226 |
Estimated Market Risk
| 1.75 actual daily | 15 85% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Topower 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 Topower by adding Topower to a well-diversified portfolio.
Topower Valuation on March 14, 2024
It is possible to determine the worth of Topower on a given historical date. On March 14, 2024 Topower was worth 60.9 at the beginning of the trading date compared to the closed value of 60.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Topower stock. Still, in general, we apply an absolute valuation method to find Topower'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 Topower where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Topower's related companies.
| Open | High | Low | Close | Volume | |
| 61.90 | 61.90 | 61.90 | 61.90 | 23,089 | |
03/14/2024 | 60.90 | 60.90 | 60.50 | 60.50 | 2,000 |
| 60.80 | 60.80 | 60.10 | 60.10 | 5,000 |
| Backtest Topower | | | Topower History | | | Topower Valuation | Previous | Next |
Topower Trading Date Momentum on March 14, 2024
| On March 15 2024 Topower Co was traded for 60.10 at the closing time. The highest price during the trading period was 60.80 and the lowest recorded bid was listed for 60.10 . The volume for the day was 5 K. This history from March 15, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.66% . The trading price change to the current price is 7.11% . |
Topower Fundamentals Correlations and Trends
By evaluating Topower'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 Topower's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Topower financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Topower Stock history
Topower 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 Topower is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Topower 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 Topower stock prices may prove useful in developing a viable investing in Topower
Topower Co., Ltd. produces and sells auto parts, power supply and LED products, and auto lamps in Taiwan. Topower Co., Ltd. was founded in 1986 and is headquartered in Tainan City, Taiwan. TOPOWER COMPUTER operates under Electronic Components classification in Taiwan and is traded on Taiwan OTC Exchange. It employs 170 people.
Topower Stock Technical Analysis
Topower 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
Topower Period Price Range
Low | March 14, 2024
| High |
60.90 | 60.50 |
Topower May 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Topower stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Topower shares will generate the highest return on investment. By undertsting and applying Topower stock market strength indicators, traders can identify Topower Co entry and exit signals to maximize returns
Topower Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Topower's price direction in advance. Along with the technical and fundamental analysis of Topower Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Topower 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 | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.4167 |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Topower Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Topower Stock analysis
When running Topower's price analysis, check to measure Topower'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 Topower is operating at the current time. Most of Topower's value examination focuses on studying past and present price action to predict the probability of Topower's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Topower's price. Additionally, you may evaluate how the addition of Topower to your portfolios can decrease your overall portfolio volatility.
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