TrueLight (Taiwan) Today
TrueLight is selling for under 36.70 as of the 29th of April 2024; that is 0.55 percent up since the beginning of the trading day. The stock's lowest day price was 36.4. Equity ratings for TrueLight are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of March 2024 and ending today, the 29th of April 2024. Click here to learn more.
Valuation
Check how we calculate scores
TrueLight Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. TrueLight's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding TrueLight or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman of the Board | Shengxian Liu |
| Business Concentration | Semiconductors, Technology (View all Sectors) |
TrueLight (3234) is traded on Taiwan OTC Exchange in Taiwan and employs 20 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.73 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate TrueLight's market, we take the total number of its shares issued and multiply it by TrueLight's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. TrueLight operates under Technology sector and is part of Semiconductors industry. The entity has 76.47 M outstanding shares.
TrueLight generates positive cash flow from operations, but has no cash available
Check TrueLight Probability Of Bankruptcy
TrueLight Stock Against Markets
Picking the right benchmark for TrueLight stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in TrueLight stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for TrueLight is critical whether you are bullish or bearish towards TrueLight at a given time. Please also check how TrueLight's historical prices are related to one of the top price index indicators.
TrueLight Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TrueLight stock to make a market-neutral strategy. Peer analysis of TrueLight could also be used in its relative valuation, which is a method of valuing TrueLight by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TrueLight Corporate Directors
TrueLight corporate directors refer to members of a TrueLight board of directors. The board of directors generally takes responsibility for the TrueLight's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of TrueLight's board members must vote for the resolution. The TrueLight board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Chengkang Chen | Director | Profile | |
| Yisen Qian | Independent Director | Profile | |
| Ruliang Qian | Independent Director | Profile | |
| Hanxing Liu | Independent Director | Profile |
How to buy TrueLight Stock?
Before investing in TrueLight, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in TrueLight. To buy TrueLight stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of TrueLight. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase TrueLight stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located TrueLight stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased TrueLight stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as TrueLight, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in TrueLight?
The danger of trading TrueLight is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of TrueLight is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than TrueLight. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile TrueLight is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios. 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for TrueLight Stock analysis
When running TrueLight's price analysis, check to measure TrueLight'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 TrueLight is operating at the current time. Most of TrueLight's value examination focuses on studying past and present price action to predict the probability of TrueLight's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TrueLight's price. Additionally, you may evaluate how the addition of TrueLight to your portfolios can decrease your overall portfolio volatility.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |