Bengang Steel (China) Price on September 6, 2024
| 000761 Stock | 3.42 0.03 0.87% |
Below is the normalized historical share price chart for Bengang Steel Plates extending back to March 16, 1998. 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 Bengang Steel stands at 3.42, as last reported on the 30th of November, with the highest price reaching 3.49 and the lowest price hitting 3.39 during the day.
If you're considering investing in Bengang Stock, it is important to understand the factors that can impact its price. Bengang Steel appears to be risky, given 3 months investment horizon. Bengang Steel Plates secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. By analyzing Bengang Steel's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please makes use of Bengang Steel's Downside Deviation of 2.55, risk adjusted performance of 0.1247, and Mean Deviation of 2.68 to double-check if our risk estimates are consistent with your expectations.
At present, Bengang Steel's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 1.3 B, whereas Common Stock is forecasted to decline to about 4 B. . Bengang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 3.0372 | 50 Day MA 3.2904 | Beta 0.643 |
Bengang |
Sharpe Ratio = 0.1912
| Best Portfolio | Best Equity | |||
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| Small Returns | 000761 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.84 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.73 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Bengang Steel is performing at about 15% 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 Bengang Steel by adding it to a well-diversified portfolio.
Price Book 1.017 | Book Value 3.363 | Enterprise Value 21.8 B | Enterprise Value Ebitda (19.47) | Price Sales 0.2424 |
Bengang Steel Valuation on September 6, 2024
It is possible to determine the worth of Bengang Steel on a given historical date. On September 6, 2024 Bengang was worth 2.29 at the beginning of the trading date compared to the closed value of 2.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bengang Steel stock. Still, in general, we apply an absolute valuation method to find Bengang Steel'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 Bengang Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bengang Steel's related companies.
| Open | High | Low | Close | Volume | |
| 2.27 | 2.31 | 2.27 | 2.28 | 5,211,500 | |
09/06/2024 | 2.29 | 2.31 | 2.25 | 2.26 | 6,784,300 |
| 2.23 | 2.27 | 2.21 | 2.25 | 6,731,986 |
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Bengang Steel Trading Date Momentum on September 6, 2024
| On September 09 2024 Bengang Steel Plates was traded for 2.25 at the closing time. The highest price during the trading period was 2.27 and the lowest recorded bid was listed for 2.21 . The volume for the day was 6.7 M. This history from September 9, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.44% . The overall trading delta to the current price is 11.50% . |
Bengang Steel Plates Fundamentals Correlations and Trends
By evaluating Bengang Steel'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 Bengang Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bengang financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bengang Steel Stock history
Bengang Steel 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 Bengang is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bengang Steel Plates 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 Bengang Steel stock prices may prove useful in developing a viable investing in Bengang Steel
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 4.1 B | 4.3 B | |
| Net Loss | -1.4 B | -1.3 B |
Bengang Steel Stock Technical Analysis
Bengang Steel 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
Bengang Steel Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Bengang Steel Plates 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.
Bengang Steel November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Bengang Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bengang Steel shares will generate the highest return on investment. By undertsting and applying Bengang Steel stock market strength indicators, traders can identify Bengang Steel Plates entry and exit signals to maximize returns
Bengang Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bengang Steel's price direction in advance. Along with the technical and fundamental analysis of Bengang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bengang 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 | 0.1247 | |||
| Jensen Alpha | 0.5977 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1652 | |||
| Treynor Ratio | (1.42) |
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| Math Transform | ||
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| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Bengang Stock analysis
When running Bengang Steel's price analysis, check to measure Bengang Steel'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 Bengang Steel is operating at the current time. Most of Bengang Steel's value examination focuses on studying past and present price action to predict the probability of Bengang Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bengang Steel's price. Additionally, you may evaluate how the addition of Bengang Steel to your portfolios can decrease your overall portfolio volatility.
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