Cenit Co (Korea) Price on December 7, 2023
037760 Stock | KRW 1,495 91.00 6.48% |
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 Co stands at 1,495, as last reported on the 11th of December 2024, with the highest price reaching 1,499 and the lowest price hitting 1,400 during the day. Cenit Co secures Sharpe Ratio (or Efficiency) of -0.007, which signifies that the company had a -0.007% return per unit of risk over the last 3 months. Cenit Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cenit Co's Mean Deviation of 1.1, risk adjusted performance of (0.03), and Standard Deviation of 1.69 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 = -0.007
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Negative Returns | 037760 |
Estimated Market Risk
1.91 actual daily | 17 83% of assets are more volatile |
Expected Return
-0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cenit Co 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 Co by adding Cenit Co to a well-diversified portfolio.
Cenit Co Valuation on December 7, 2023
It is possible to determine the worth of Cenit Co on a given historical date. On December 7, 2023 Cenit was worth 1481.9 at the beginning of the trading date compared to the closed value of 1480.93. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cenit Co stock. Still, in general, we apply an absolute valuation method to find Cenit Co'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 Co where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cenit Co's related companies.
Open | High | Low | Close | Volume | |
1,465 | 1,484 | 1,457 | 1,482 | 13,551 | |
12/07/2023 | 1,482 | 1,482 | 1,467 | 1,481 | 11,813 |
1,481 | 1,485 | 1,452 | 1,480 | 36,682 |
Backtest Cenit Co | | | Cenit Co History | | | Cenit Co Valuation | Previous | Next |
Cenit Co Trading Date Momentum on December 7, 2023
On December 08 2023 Cenit Co was traded for 1,480 at the closing time. The highest price during the trading period was 1,485 and the lowest recorded bid was listed for 1,452 . The volume for the day was 36.7 K. This history from December 8, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.06% . The overall trading delta to the current price is 0.06% . |
Cenit Co Fundamentals Correlations and Trends
By evaluating Cenit Co'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 Co'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 Co Stock history
Cenit Co 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 Co 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 Co stock prices may prove useful in developing a viable investing in Cenit Co
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 Co Stock Technical Analysis
Cenit Co 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 Co Period Price Range
Low | December 11, 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 Co December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Cenit Co 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 Co shares will generate the highest return on investment. By undertsting and applying Cenit Co stock market strength indicators, traders can identify Cenit Co entry and exit signals to maximize returns
Cenit Co Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cenit Co'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 | (0.03) | |||
Jensen Alpha | (0.13) | |||
Total Risk Alpha | (0.36) | |||
Treynor Ratio | (0.26) |
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Volume Indicators |
Complementary Tools for Cenit Stock analysis
When running Cenit Co's price analysis, check to measure Cenit Co'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 Co is operating at the current time. Most of Cenit Co's value examination focuses on studying past and present price action to predict the probability of Cenit Co'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 Co's price. Additionally, you may evaluate how the addition of Cenit Co to your portfolios can decrease your overall portfolio volatility.
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