APAC Opto (Taiwan) Price on October 31, 2023
| 4908 Stock | TWD 105.50 0.50 0.47% |
If you're considering investing in APAC Stock, it is important to understand the factors that can impact its price. As of today, the current price of APAC Opto stands at 105.50, as last reported on the 31st of May, with the highest price reaching 107.50 and the lowest price hitting 104.00 during the day. APAC Opto Electronics retains Efficiency (Sharpe Ratio) of -0.0462, which signifies that the company had a -0.0462% return per unit of risk over the last 3 months. APAC Opto exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm APAC Opto's variance of 11.95, and Market Risk Adjusted Performance of 0.0403 to double-check the risk estimate we provide.
APAC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
APAC |
Sharpe Ratio = -0.0462
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 4908 |
Estimated Market Risk
| 3.32 actual daily | 29 71% of assets are more volatile |
Expected Return
| -0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average APAC Opto 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 APAC Opto by adding APAC Opto to a well-diversified portfolio.
APAC Opto Valuation on October 31, 2023
It is possible to determine the worth of APAC Opto on a given historical date. On October 31, 2023 APAC was worth 94.5 at the beginning of the trading date compared to the closed value of 89.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of APAC Opto stock. Still, in general, we apply an absolute valuation method to find APAC Opto'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 APAC Opto where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against APAC Opto's related companies.
| Open | High | Low | Close | Volume | |
| 95.70 | 97.40 | 92.10 | 93.70 | 11,401,266 | |
10/31/2023 | 94.50 | 96.60 | 88.50 | 89.80 | 12,800,000 |
| 92.00 | 94.40 | 88.80 | 92.00 | 12,189,000 |
| Backtest APAC Opto | | | APAC Opto History | | | APAC Opto Valuation | Previous | Next |
APAC Opto Trading Date Momentum on October 31, 2023
| On November 01 2023 APAC Opto Electronics was traded for 92.00 at the closing time. The highest price during the trading period was 94.40 and the lowest recorded bid was listed for 88.80 . The volume for the day was 12.2 M. This history from November 1, 2023 contributed to the next trading day price increase. The daily price change to the next closing price was 2.45% . The overall trading delta to the current price is 4.12% . |
APAC Opto Electronics Fundamentals Correlations and Trends
By evaluating APAC Opto'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 APAC Opto's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. APAC financial account trend analysis is a perfect complement when working with valuation or volatility modules.About APAC Opto Stock history
APAC Opto 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 APAC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in APAC Opto Electronics 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 APAC Opto stock prices may prove useful in developing a viable investing in APAC Opto
APAC Opto Stock Technical Analysis
APAC Opto 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
APAC Opto Period Price Range
Low | October 31, 2023
| High |
94.50 | 89.80 |
APAC Opto May 31, 2024 Market Strength
Market strength indicators help investors to evaluate how APAC Opto stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading APAC Opto shares will generate the highest return on investment. By undertsting and applying APAC Opto stock market strength indicators, traders can identify APAC Opto Electronics entry and exit signals to maximize returns
| Accumulation Distribution | 1.1 M | |||
| Daily Balance Of Power | (0.58) | |||
| Rate Of Daily Change | 0.95 | |||
| Day Median Price | 92.55 | |||
| Day Typical Price | 91.63 | |||
| Price Action Indicator | (5.10) | |||
| Period Momentum Indicator | 15.7 |
APAC Opto Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for APAC Opto's price direction in advance. Along with the technical and fundamental analysis of APAC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of APAC 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 | 0.0065 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | 0.0303 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in APAC Opto Electronics. 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for APAC Stock analysis
When running APAC Opto's price analysis, check to measure APAC Opto'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 APAC Opto is operating at the current time. Most of APAC Opto's value examination focuses on studying past and present price action to predict the probability of APAC Opto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move APAC Opto's price. Additionally, you may evaluate how the addition of APAC Opto to your portfolios can decrease your overall portfolio volatility.
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