Rossmax International (Taiwan) Price on June 12, 2018
| 4121 Stock | TWD 22.35 0.05 0.22% |
If you're considering investing in Rossmax Stock, it is important to understand the factors that can impact its price. As of today, the current price of Rossmax International stands at 22.35, as last reported on the 24th of April, with the highest price reaching 22.65 and the lowest price hitting 22.25 during the day. Rossmax International maintains Sharpe Ratio (i.e., Efficiency) of -0.0684, which implies the firm had a -0.0684% return per unit of risk over the last 3 months. Rossmax International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rossmax International's Risk Adjusted Performance of (0.04), variance of 2.36, and Coefficient Of Variation of (1,375) to confirm the risk estimate we provide.
Rossmax Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Rossmax |
Sharpe Ratio = -0.0684
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| Negative Returns | 4121 |
Estimated Market Risk
| 1.64 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Rossmax International 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 Rossmax International by adding Rossmax International to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Rossmax International Stock history
Rossmax International 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 Rossmax is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rossmax International 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 Rossmax International stock prices may prove useful in developing a viable investing in Rossmax International
Rossmax International Ltd. develops and supplies healthcare products and solutions primarily in Taiwan. Rossmax International Ltd. was founded in 1988 and is based in Taipei City, Taiwan. ROSSMAX INTERNATIONAL operates under Medical Devices classification in Taiwan and is traded on Taiwan OTC Exchange.
Rossmax International Stock Technical Analysis
Rossmax International 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
Rossmax International Period Price Range
Rossmax International April 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Rossmax International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rossmax International shares will generate the highest return on investment. By undertsting and applying Rossmax International stock market strength indicators, traders can identify Rossmax International entry and exit signals to maximize returns
Rossmax International Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rossmax International's price direction in advance. Along with the technical and fundamental analysis of Rossmax Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rossmax 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 | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.28) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Rossmax International. 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Rossmax Stock analysis
When running Rossmax International's price analysis, check to measure Rossmax International'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 Rossmax International is operating at the current time. Most of Rossmax International's value examination focuses on studying past and present price action to predict the probability of Rossmax International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rossmax International's price. Additionally, you may evaluate how the addition of Rossmax International to your portfolios can decrease your overall portfolio volatility.
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