Ningxia Younglight (China) Price on September 2, 2024
| 000635 Stock | 8.27 0.05 0.60% |
Below is the normalized historical share price chart for Ningxia Younglight Chemicals extending back to December 09, 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 Ningxia Younglight stands at 8.27, as last reported on the 27th of November, with the highest price reaching 8.43 and the lowest price hitting 8.22 during the day.
If you're considering investing in Ningxia Stock, it is important to understand the factors that can impact its price. Ningxia Younglight appears to be slightly risky, given 3 months investment horizon. Ningxia Younglight has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing Ningxia Younglight's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please exercise Ningxia Younglight's Mean Deviation of 2.42, downside deviation of 3.26, and Risk Adjusted Performance of 0.13 to check out if our risk estimates are consistent with your expectations.
At present, Ningxia Younglight's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Shares Outstanding is expected to grow to about 333.8 M, whereas Common Stock is forecasted to decline to about 238.6 M. . Ningxia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 25th of October 1996 | 200 Day MA 6.813 | 50 Day MA 7.5748 | Beta 0.741 |
Ningxia |
Sharpe Ratio = 0.1789
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Estimated Market Risk
| 3.66 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.65 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Ningxia Younglight is performing at about 14% 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 Ningxia Younglight by adding it to a well-diversified portfolio.
Price Book 1.8612 | Enterprise Value Ebitda (7.85) | Price Sales 1.2878 | Shares Float 145.5 M | Wall Street Target Price 25 |
Ningxia Younglight Valuation on September 2, 2024
It is possible to determine the worth of Ningxia Younglight on a given historical date. On September 2, 2024 Ningxia was worth 5.91 at the beginning of the trading date compared to the closed value of 5.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ningxia Younglight stock. Still, in general, we apply an absolute valuation method to find Ningxia Younglight'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 Ningxia Younglight where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ningxia Younglight's related companies.
| Open | High | Low | Close | Volume | |
| 5.95 | 6.02 | 5.88 | 5.96 | 3,311,600 | |
09/02/2024 | 5.91 | 6.06 | 5.89 | 5.96 | 2,630,000 |
| 5.96 | 6.04 | 5.90 | 5.94 | 1,798,501 |
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Ningxia Younglight Trading Date Momentum on September 2, 2024
| On September 03 2024 Ningxia Younglight Chemicals was traded for 5.94 at the closing time. The highest price during the trading period was 6.04 and the lowest recorded bid was listed for 5.90 . The volume for the day was 1.8 M. This history from September 3, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.34% . The trading delta at closing time to the current price is 4.03% . |
Ningxia Younglight Fundamentals Correlations and Trends
By evaluating Ningxia Younglight'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 Ningxia Younglight's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ningxia financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ningxia Younglight Stock history
Ningxia Younglight 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 Ningxia is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ningxia Younglight 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 Ningxia Younglight stock prices may prove useful in developing a viable investing in Ningxia Younglight
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 303.9 M | 333.8 M | |
| Net Loss | -350 M | -332.5 M |
Ningxia Younglight Stock Technical Analysis
Ningxia Younglight 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
Ningxia Younglight Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Ningxia Younglight Chemicals 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.
Ningxia Younglight November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Ningxia Younglight stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ningxia Younglight shares will generate the highest return on investment. By undertsting and applying Ningxia Younglight stock market strength indicators, traders can identify Ningxia Younglight Chemicals entry and exit signals to maximize returns
Ningxia Younglight Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ningxia Younglight's price direction in advance. Along with the technical and fundamental analysis of Ningxia Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ningxia 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 | 0.13 | |||
| Jensen Alpha | 0.6549 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1308 | |||
| Treynor Ratio | (0.61) |
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Complementary Tools for Ningxia Stock analysis
When running Ningxia Younglight's price analysis, check to measure Ningxia Younglight'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 Ningxia Younglight is operating at the current time. Most of Ningxia Younglight's value examination focuses on studying past and present price action to predict the probability of Ningxia Younglight's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ningxia Younglight's price. Additionally, you may evaluate how the addition of Ningxia Younglight to your portfolios can decrease your overall portfolio volatility.
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