Elite Color (China) Price on September 19, 2024
| 002998 Stock | 6.88 0.40 5.49% |
Below is the normalized historical share price chart for Elite Color Environmental extending back to September 25, 2020. 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 Elite Color stands at 6.88, as last reported on the 27th of November, with the highest price reaching 7.60 and the lowest price hitting 6.78 during the day.
If you're considering investing in Elite Stock, it is important to understand the factors that can impact its price. Elite Color appears to be slightly risky, given 3 months investment horizon. Elite Color Environmental secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the company had a 0.19% return per unit of risk over the last 3 months. By reviewing Elite Color's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Elite Color's Mean Deviation of 2.09, coefficient of variation of 660.82, and Downside Deviation of 2.42 to check if our risk estimates are consistent with your expectations.
At present, Elite Color's Capital Stock 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 102.7 M, whereas Total Stockholder Equity is forecasted to decline to about 1.2 B. . Elite Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 5.9872 | 50 Day MA 5.9102 | Beta 0.739 |
Elite |
Sharpe Ratio = 0.1927
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 002998 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.9 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Elite Color 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 Elite Color by adding it to a well-diversified portfolio.
Price Book 1.2584 | Enterprise Value Ebitda 16.2604 | Price Sales 0.9062 | Shares Float 149.6 M | Wall Street Target Price 9 |
Elite Color Valuation on September 19, 2024
It is possible to determine the worth of Elite Color on a given historical date. On September 19, 2024 Elite was worth 5.03 at the beginning of the trading date compared to the closed value of 5.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elite Color stock. Still, in general, we apply an absolute valuation method to find Elite Color'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 Elite Color where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elite Color's related companies.
| Open | High | Low | Close | Volume | |
| 4.96 | 4.99 | 4.78 | 4.85 | 4,418,400 | |
09/19/2024 | 5.03 | 5.05 | 4.86 | 5.03 | 5,284,400 |
| 5.03 | 5.05 | 4.96 | 4.99 | 2,372,880 |
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Elite Color Trading Date Momentum on September 19, 2024
| On September 20 2024 Elite Color Environmental was traded for 4.99 at the closing time. The highest price during the trading period was 5.05 and the lowest recorded bid was listed for 4.96 . The volume for the day was 2.4 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 0.80% . The overall trading delta to the current price is 14.31% . |
Elite Color Environmental Fundamentals Correlations and Trends
By evaluating Elite Color'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 Elite Color's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elite financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elite Color Stock history
Elite Color 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 Elite is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elite Color Environmental 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 Elite Color stock prices may prove useful in developing a viable investing in Elite Color
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 326.4 M | 319.6 M | |
| Net Income Applicable To Common Shares | 89.3 M | 98.7 M |
Elite Color Quarterly Net Working Capital |
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Elite Color Stock Technical Analysis
Elite Color 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
Elite Color Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Elite Color Environmental 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.
Elite Color November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Elite Color stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elite Color shares will generate the highest return on investment. By undertsting and applying Elite Color stock market strength indicators, traders can identify Elite Color Environmental entry and exit signals to maximize returns
Elite Color Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elite Color's price direction in advance. Along with the technical and fundamental analysis of Elite Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elite 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 | 0.1229 | |||
| Jensen Alpha | 0.4132 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1209 | |||
| Treynor Ratio | (82.52) |
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| Volume Indicators |
Complementary Tools for Elite Stock analysis
When running Elite Color's price analysis, check to measure Elite Color'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 Elite Color is operating at the current time. Most of Elite Color's value examination focuses on studying past and present price action to predict the probability of Elite Color's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Color's price. Additionally, you may evaluate how the addition of Elite Color to your portfolios can decrease your overall portfolio volatility.
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