Shandong Mining (China) Price on September 27, 2024
| 002526 Stock | 2.68 0.12 4.29% |
Below is the normalized historical share price chart for Shandong Mining Machinery extending back to December 17, 2010. 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 Shandong Mining stands at 2.68, as last reported on the 22nd of November, with the highest price reaching 2.83 and the lowest price hitting 2.68 during the day.
If you're considering investing in Shandong Stock, it is important to understand the factors that can impact its price. Shandong Mining appears to be risky, given 3 months investment horizon. Shandong Mining Machinery owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. By inspecting Shandong Mining's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please review Shandong Mining's Coefficient Of Variation of 915.21, risk adjusted performance of 0.0908, and Semi Deviation of 2.65 to confirm if our risk estimates are consistent with your expectations.
The current year's Common Stock is expected to grow to about 2.2 B, whereas Total Stockholder Equity is forecasted to decline to about 2.1 B. . Shandong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 17th of December 2010 | 200 Day MA 2.5696 | 50 Day MA 2.5018 | Beta 0.591 |
Shandong |
Sharpe Ratio = 0.1613
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.13 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.5 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Shandong Mining is performing at about 12% 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 Shandong Mining by adding it to a well-diversified portfolio.
Price Book 1.6196 | Enterprise Value Ebitda 44.935 | Price Sales 2.1518 | Shares Float 1.3 B | Dividend Share 0.023 |
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Shandong Mining Valuation on September 27, 2024
It is possible to determine the worth of Shandong Mining on a given historical date. On September 27, 2024 Shandong was worth 2.32 at the beginning of the trading date compared to the closed value of 2.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shandong Mining stock. Still, in general, we apply an absolute valuation method to find Shandong Mining'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 Shandong Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shandong Mining's related companies.
| Open | High | Low | Close | Volume | |
| 2.20 | 2.29 | 2.20 | 2.29 | 43,320,422 | |
09/27/2024 | 2.32 | 2.44 | 2.30 | 2.40 | 77,923,359 |
| 2.49 | 2.64 | 2.41 | 2.61 | 133,537,864 |
| Backtest Shandong Mining | | | Shandong Mining History | | | Shandong Mining Valuation | Previous | Next |
Shandong Mining Trading Date Momentum on September 27, 2024
| On September 30 2024 Shandong Mining Machinery was traded for 2.61 at the closing time. The highest price during the trading period was 2.64 and the lowest recorded bid was listed for 2.41 . The volume for the day was 133.5 M. This history from September 30, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 8.75% . The trading price change to the current price is 19.58% . |
Shandong Mining Machinery Fundamentals Correlations and Trends
By evaluating Shandong Mining'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 Shandong Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shandong financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shandong Mining Stock history
Shandong Mining 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 Shandong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shandong Mining Machinery 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 Shandong Mining stock prices may prove useful in developing a viable investing in Shandong Mining
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 2.1 B | 2 B | |
| Net Income Applicable To Common Shares | 132.6 M | 69.9 M |
Shandong Mining Quarterly Net Working Capital |
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Shandong Mining Stock Technical Analysis
Shandong Mining 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
Shandong Mining Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Shandong Mining Machinery 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.
Shandong Mining November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Shandong Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shandong Mining shares will generate the highest return on investment. By undertsting and applying Shandong Mining stock market strength indicators, traders can identify Shandong Mining Machinery entry and exit signals to maximize returns
Shandong Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shandong Mining's price direction in advance. Along with the technical and fundamental analysis of Shandong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shandong 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 | 0.0908 | |||
| Jensen Alpha | 0.3117 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0763 | |||
| Treynor Ratio | 3.71 |
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| Volume Indicators |
Complementary Tools for Shandong Stock analysis
When running Shandong Mining's price analysis, check to measure Shandong Mining'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 Shandong Mining is operating at the current time. Most of Shandong Mining's value examination focuses on studying past and present price action to predict the probability of Shandong Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shandong Mining's price. Additionally, you may evaluate how the addition of Shandong Mining to your portfolios can decrease your overall portfolio volatility.
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