Ado Optronics (Taiwan) Price on January 31, 2024
| 3516 Stock | TWD 22.60 0.10 0.44% |
If you're considering investing in Ado Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ado Optronics stands at 22.60, as last reported on the 2nd of May, with the highest price reaching 22.80 and the lowest price hitting 22.55 during the day. Ado Optronics appears to be not too volatile, given 3 months investment horizon. Ado Optronics secures Sharpe Ratio (or Efficiency) of 0.0992, which signifies that the company had a 0.0992% return per unit of risk over the last 3 months. By analyzing Ado Optronics' technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please makes use of Ado Optronics' Mean Deviation of 4.38, risk adjusted performance of 0.0725, and Downside Deviation of 4.64 to double-check if our risk estimates are consistent with your expectations.
Ado Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ado |
Sharpe Ratio = 0.0992
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 3516 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.65 actual daily | 50 50% of assets are less volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Ado Optronics is performing at about 7% of its full potential. 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 Ado Optronics by adding it to a well-diversified portfolio.
Ado Optronics Valuation on January 31, 2024
It is possible to determine the worth of Ado Optronics on a given historical date. On January 31, 2024 Ado was worth 18.25 at the beginning of the trading date compared to the closed value of 18.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ado Optronics stock. Still, in general, we apply an absolute valuation method to find Ado Optronics' 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 Ado Optronics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ado Optronics' related companies.
| Open | High | Low | Close | Volume | |
| 18.50 | 18.60 | 18.20 | 18.20 | 39,678 | |
01/31/2024 | 18.25 | 18.30 | 18.20 | 18.20 | 13,000 |
| 18.45 | 18.55 | 18.30 | 18.30 | 33,000 |
| Backtest Ado Optronics | | | Ado Optronics History | | | Ado Optronics Valuation | Previous | Next |
Ado Optronics Trading Date Momentum on January 31, 2024
| On February 01 2024 Ado Optronics was traded for 18.30 at the closing time. The highest price during the trading period was 18.55 and the lowest recorded bid was listed for 18.30 . The volume for the day was 33 K. This history from February 1, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.55% . The overall trading delta to the current price is 9.62% . |
Ado Optronics Fundamentals Correlations and Trends
By evaluating Ado Optronics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ado Optronics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ado financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ado Optronics Stock history
Ado Optronics 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 Ado is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ado Optronics 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 Ado Optronics stock prices may prove useful in developing a viable investing in Ado Optronics
Ado Optronics Stock Technical Analysis
Ado Optronics 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
Ado Optronics Period Price Range
Low | January 31, 2024
| High |
18.25 | 18.20 |
Ado Optronics May 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Ado Optronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ado Optronics shares will generate the highest return on investment. By undertsting and applying Ado Optronics stock market strength indicators, traders can identify Ado Optronics entry and exit signals to maximize returns
Ado Optronics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ado Optronics' price direction in advance. Along with the technical and fundamental analysis of Ado Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ado 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 | 0.0725 | |||
| Jensen Alpha | 0.5227 | |||
| Total Risk Alpha | 0.1151 | |||
| Sortino Ratio | 0.108 | |||
| Treynor Ratio | 0.9809 |
| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ado Optronics. 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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Ado Stock analysis
When running Ado Optronics' price analysis, check to measure Ado Optronics' 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 Ado Optronics is operating at the current time. Most of Ado Optronics' value examination focuses on studying past and present price action to predict the probability of Ado Optronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ado Optronics' price. Additionally, you may evaluate how the addition of Ado Optronics to your portfolios can decrease your overall portfolio volatility.
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