Cenit (Korea) Price on November 7, 2024
037760 Stock | KRW 1,460 53.00 3.50% |
If you're considering investing in Cenit Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cenit stands at 1,460, as last reported on the 3rd of December, with the highest price reaching 1,503 and the lowest price hitting 1,460 during the day. Cenit secures Sharpe Ratio (or Efficiency) of -0.0018, which signifies that the company had a -0.0018% return per unit of risk over the last 3 months. Cenit Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cenit's Standard Deviation of 1.33, risk adjusted performance of (0.02), and Mean Deviation of 0.9509 to double-check the risk estimate we provide.
Cenit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cenit |
Sharpe Ratio = -0.0018
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Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | 037760 |
Estimated Market Risk
1.28 actual daily | 11 89% of assets are more volatile |
Expected Return
0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cenit is not performing at its full potential. However, 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 Cenit by adding Cenit to a well-diversified portfolio.
Cenit Valuation on November 7, 2024
It is possible to determine the worth of Cenit on a given historical date. On November 7, 2024 Cenit was worth 1543.0 at the beginning of the trading date compared to the closed value of 1569.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cenit stock. Still, in general, we apply an absolute valuation method to find Cenit'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 Cenit where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cenit's related companies.
Open | High | Low | Close | Volume | |
1,554 | 1,568 | 1,539 | 1,568 | 10,446 | |
11/07/2024 | 1,543 | 1,570 | 1,543 | 1,569 | 9,895 |
1,560 | 1,562 | 1,532 | 1,562 | 6,171 |
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Cenit Trading Date Momentum on November 7, 2024
On November 08 2024 Cenit Co was traded for 1,562 at the closing time. The highest price during the trading period was 1,562 and the lowest recorded bid was listed for 1,532 . The volume for the day was 6.2 K. This history from November 8, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.45% . The overall trading delta to the current price is 5.67% . |
Cenit Fundamentals Correlations and Trends
By evaluating Cenit'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 Cenit's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cenit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cenit Stock history
Cenit 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 Cenit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cenit 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 Cenit stock prices may prove useful in developing a viable investing in Cenit
Cenit Co., Ltd. manufactures and sells cold-rolled stainless-steel coils and straps in South Korea and internationally. The company was founded in 1995 and is headquartered in Uiryeong-eup, South Korea. CENIT is traded on Korean Securities Dealers Automated Quotations in South Korea.
Cenit Stock Technical Analysis
Cenit 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
Cenit Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Cenit Co cannot be verified against its exchange. Please verify the symbol is currently traded on KOSDAQ. 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.
Cenit December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Cenit stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cenit shares will generate the highest return on investment. By undertsting and applying Cenit stock market strength indicators, traders can identify Cenit Co entry and exit signals to maximize returns
Cenit Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cenit's price direction in advance. Along with the technical and fundamental analysis of Cenit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cenit 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 | (0.02) | |||
Jensen Alpha | (0.04) | |||
Total Risk Alpha | (0.25) | |||
Treynor Ratio | 0.9093 |
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Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Complementary Tools for Cenit Stock analysis
When running Cenit's price analysis, check to measure Cenit'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 Cenit is operating at the current time. Most of Cenit's value examination focuses on studying past and present price action to predict the probability of Cenit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cenit's price. Additionally, you may evaluate how the addition of Cenit to your portfolios can decrease your overall portfolio volatility.
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