159551 (China) Price on October 15, 2024
| 159551 Etf | 0.97 0.01 1.02% |
If you're considering investing in 159551 Etf, it is important to understand the factors that can impact its price. As of today, the current price of 159551 stands at 0.97, as last reported on the 28th of November, with the highest price reaching 0.99 and the lowest price hitting 0.97 during the day. 159551 appears to be dangerous, given 3 months investment horizon. 159551 retains Efficiency (Sharpe Ratio) of 0.16, which signifies that the etf had a 0.16% return per unit of price deviation over the last 3 months. By evaluating 159551's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please makes use of 159551's Coefficient Of Variation of 624.41, standard deviation of 3.08, and Market Risk Adjusted Performance of (3.52) to double-check if our risk estimates are consistent with your expectations.
159551 Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
159551 |
Sharpe Ratio = 0.1588
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Estimated Market Risk
| 3.23 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.51 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average 159551 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 159551 by adding it to a well-diversified portfolio.
159551 Valuation on October 15, 2024
It is possible to determine the worth of 159551 on a given historical date. On October 15, 2024 159551 was worth 0.91 at the beginning of the trading date compared to the closed value of 0.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 159551 etf. Still, in general, we apply an absolute valuation method to find 159551'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 159551 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 159551's related companies.
| Open | High | Low | Close | Volume | |
| 0.89 | 0.91 | 0.87 | 0.91 | 9,018,342 | |
10/15/2024 | 0.91 | 0.92 | 0.89 | 0.89 | 4,114,833 |
| 0.86 | 0.89 | 0.86 | 0.88 | 6,570,100 |
| Backtest 159551 | | | 159551 History | Previous | Next |
159551 Trading Date Momentum on October 15, 2024
| On October 16 2024 159551 was traded for 0.88 at the closing time. The highest price during the trading period was 0.89 and the lowest recorded bid was listed for 0.86 . The volume for the day was 6.6 M. This history from October 16, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.12% . The daily price change to the current price is 4.49% . |
Price Boundaries
159551 Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
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159551 November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how 159551 etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 159551 shares will generate the highest return on investment. By undertsting and applying 159551 etf market strength indicators, traders can identify 159551 entry and exit signals to maximize returns
159551 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 159551's price direction in advance. Along with the technical and fundamental analysis of 159551 Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of 159551 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.