Shaanxi Meineng (China) Price on November 28, 2024
| 001299 Stock | 13.82 0.19 1.36% |
If you're considering investing in Shaanxi Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shaanxi Meineng stands at 13.82, as last reported on the 2nd of December, with the highest price reaching 13.98 and the lowest price hitting 13.61 during the day. Shaanxi Meineng appears to be somewhat reliable, given 3 months investment horizon. Shaanxi Meineng Clean owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shaanxi Meineng Clean, which you can use to evaluate the volatility of the company. Please review Shaanxi Meineng's Coefficient Of Variation of 768.74, semi deviation of 2.15, and Risk Adjusted Performance of 0.1065 to confirm if our risk estimates are consistent with your expectations.
As of December 2, 2024, Total Stockholder Equity is expected to decline to about 814.4 M. In addition to that, Common Stock Shares Outstanding is expected to decline to about 167.6 M. Shaanxi Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shaanxi |
Sharpe Ratio = 0.151
| Best Portfolio | Best Equity | |||
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| Small Returns | 001299 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.58 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.39 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Shaanxi Meineng is performing at about 11% 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 Shaanxi Meineng by adding it to a well-diversified portfolio.
Price Book 2.0463 | Enterprise Value Ebitda 19.4656 | Price Sales 4.0808 | Shares Float 45.8 M | Dividend Share 0.3 |
Shaanxi Meineng Valuation on November 28, 2024
It is possible to determine the worth of Shaanxi Meineng on a given historical date. On November 28, 2024 Shaanxi was worth 14.1 at the beginning of the trading date compared to the closed value of 14.01. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shaanxi Meineng stock. Still, in general, we apply an absolute valuation method to find Shaanxi Meineng'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 Shaanxi Meineng where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shaanxi Meineng's related companies.
| Open | High | Low | Close | Volume | |
| 13.74 | 14.71 | 13.46 | 14.24 | 9,595,407 | |
11/28/2024 | 14.10 | 14.41 | 13.82 | 14.01 | 7,535,254 |
| 13.74 | 13.98 | 13.61 | 13.82 | 5,407,067 |
| Backtest Shaanxi Meineng | | | Shaanxi Meineng History | | | Shaanxi Meineng Valuation | Previous | Next |
Shaanxi Meineng Trading Date Momentum on November 28, 2024
| On November 29 2024 Shaanxi Meineng Clean was traded for 13.82 at the closing time. The highest price during the trading period was 13.98 and the lowest recorded bid was listed for 13.61 . The volume for the day was 5.4 M. This history from November 29, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.36% . The trading price change to the current price is 1.93% . |
Shaanxi Meineng Clean Fundamentals Correlations and Trends
By evaluating Shaanxi Meineng'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 Shaanxi Meineng's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shaanxi financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shaanxi Meineng Stock history
Shaanxi Meineng 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 Shaanxi is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shaanxi Meineng Clean 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 Shaanxi Meineng stock prices may prove useful in developing a viable investing in Shaanxi Meineng
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 215.7 M | 167.6 M |
Shaanxi Meineng Quarterly Net Working Capital |
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Shaanxi Meineng Stock Technical Analysis
Shaanxi Meineng 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
Shaanxi Meineng Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Shaanxi Meineng Clean 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.
Shaanxi Meineng December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Shaanxi Meineng stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shaanxi Meineng shares will generate the highest return on investment. By undertsting and applying Shaanxi Meineng stock market strength indicators, traders can identify Shaanxi Meineng Clean entry and exit signals to maximize returns
Shaanxi Meineng Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shaanxi Meineng's price direction in advance. Along with the technical and fundamental analysis of Shaanxi Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shaanxi 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 | 0.1065 | |||
| Jensen Alpha | 0.3275 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0814 | |||
| Treynor Ratio | (11.24) |
| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Shaanxi Stock analysis
When running Shaanxi Meineng's price analysis, check to measure Shaanxi Meineng'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 Shaanxi Meineng is operating at the current time. Most of Shaanxi Meineng's value examination focuses on studying past and present price action to predict the probability of Shaanxi Meineng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shaanxi Meineng's price. Additionally, you may evaluate how the addition of Shaanxi Meineng to your portfolios can decrease your overall portfolio volatility.
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