Chengdu Xingrong (China) Price on September 19, 2024
| 000598 Stock | 7.05 0.04 0.56% |
Below is the normalized historical share price chart for Chengdu Xingrong Investment extending back to May 29, 1996. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Chengdu Xingrong stands at 7.05, as last reported on the 30th of November, with the highest price reaching 7.13 and the lowest price hitting 7.01 during the day.
If you're considering investing in Chengdu Stock, it is important to understand the factors that can impact its price. At this point, Chengdu Xingrong is slightly risky. Chengdu Xingrong Inv secures Sharpe Ratio (or Efficiency) of 0.056, which signifies that the company had a 0.056% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for Chengdu Xingrong Investment, which you can use to evaluate the volatility of the firm. Please confirm Chengdu Xingrong's risk adjusted performance of (0.03), and Mean Deviation of 2.02 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%.
At present, Chengdu Xingrong's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 3.6 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 2.4 B. . Chengdu Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 29th of April 1996 | 200 Day MA 7.1226 | 50 Day MA 7.1868 | Beta 0.229 |
Chengdu |
Sharpe Ratio = 0.056
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| Cash | Small Risk | 000598 | High Risk | Huge Risk |
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Estimated Market Risk
| 2.64 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Chengdu Xingrong is performing at about 4% 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 Chengdu Xingrong by adding it to a well-diversified portfolio.
Price Book 1.1827 | Enterprise Value Ebitda 11.1383 | Price Sales 2.458 | Shares Float 413.6 M | Dividend Share 0.17 |
Chengdu Xingrong Valuation on September 19, 2024
It is possible to determine the worth of Chengdu Xingrong on a given historical date. On September 19, 2024 Chengdu was worth 6.4 at the beginning of the trading date compared to the closed value of 6.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chengdu Xingrong stock. Still, in general, we apply an absolute valuation method to find Chengdu Xingrong'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 Chengdu Xingrong where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chengdu Xingrong's related companies.
| Open | High | Low | Close | Volume | |
| 6.34 | 6.41 | 6.29 | 6.40 | 15,303,740 | |
09/19/2024 | 6.40 | 6.43 | 6.31 | 6.37 | 18,525,719 |
| 6.38 | 6.40 | 6.02 | 6.07 | 55,206,523 |
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Chengdu Xingrong Trading Date Momentum on September 19, 2024
| On September 20 2024 Chengdu Xingrong Investment was traded for 6.07 at the closing time. The highest price during the trading period was 6.40 and the lowest recorded bid was listed for 6.02 . The volume for the day was 55.2 M. This history from September 20, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 4.71% . The overall trading delta to the current price is 7.22% . |
Chengdu Xingrong Inv Fundamentals Correlations and Trends
By evaluating Chengdu Xingrong'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 Chengdu Xingrong's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Chengdu financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Chengdu Xingrong Stock history
Chengdu Xingrong 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 Chengdu is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chengdu Xingrong Inv 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 Chengdu Xingrong stock prices may prove useful in developing a viable investing in Chengdu Xingrong
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 3 B | 2.4 B | |
| Net Income Applicable To Common Shares | 1.9 B | 2 B |
Chengdu Xingrong Stock Technical Analysis
Chengdu Xingrong 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
Chengdu Xingrong Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Chengdu Xingrong Investment cannot be verified against its exchange. Please verify the symbol is currently traded on Shenzhen Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Chengdu Xingrong November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Chengdu Xingrong stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chengdu Xingrong shares will generate the highest return on investment. By undertsting and applying Chengdu Xingrong stock market strength indicators, traders can identify Chengdu Xingrong Investment entry and exit signals to maximize returns
Chengdu Xingrong Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Chengdu Xingrong's price direction in advance. Along with the technical and fundamental analysis of Chengdu Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Chengdu 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 | (0.03) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.50) |
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| Volume Indicators |
Complementary Tools for Chengdu Stock analysis
When running Chengdu Xingrong's price analysis, check to measure Chengdu Xingrong'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 Chengdu Xingrong is operating at the current time. Most of Chengdu Xingrong's value examination focuses on studying past and present price action to predict the probability of Chengdu Xingrong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chengdu Xingrong's price. Additionally, you may evaluate how the addition of Chengdu Xingrong to your portfolios can decrease your overall portfolio volatility.
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