159783 (China) Price on November 22, 2024
| 159783 Etf | 0.58 0.01 1.75% |
If you're considering investing in 159783 Etf, it is important to understand the factors that can impact its price. As of today, the current price of 159783 stands at 0.58, as last reported on the 30th of November, with the highest price reaching 0.59 and the lowest price hitting 0.56 during the day. 159783 appears to be out of control, given 3 months investment horizon. 159783 retains Efficiency (Sharpe Ratio) of 0.15, which signifies that the etf had a 0.15% return per unit of price deviation over the last 3 months. By evaluating 159783's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please makes use of 159783's Standard Deviation of 4.55, coefficient of variation of 776.14, and Market Risk Adjusted Performance of (10.34) to double-check if our risk estimates are consistent with your expectations.
159783 Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
159783 |
Sharpe Ratio = 0.1476
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Estimated Market Risk
| 4.78 actual daily | 42 58% of assets are more volatile |
Expected Return
| 0.71 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average 159783 is performing at about 11% 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 159783 by adding it to a well-diversified portfolio.
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159783 Valuation on November 22, 2024
It is possible to determine the worth of 159783 on a given historical date. On November 22, 2024 159783 was worth 0.59 at the beginning of the trading date compared to the closed value of 0.57. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 159783 etf. Still, in general, we apply an absolute valuation method to find 159783'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 159783 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 159783's related companies.
| Open | High | Low | Close | Volume | |
| 0.59 | 0.59 | 0.58 | 0.59 | 115,224,905 | |
11/22/2024 | 0.59 | 0.59 | 0.56 | 0.57 | 122,611,291 |
| 0.57 | 0.57 | 0.55 | 0.56 | 398,939,565 |
| Backtest 159783 | | | 159783 History | Previous | Next |
159783 Trading Date Momentum on November 22, 2024
| On November 25 2024 159783 was traded for 0.56 at the closing time. The highest price during the trading period was 0.57 and the lowest recorded bid was listed for 0.55 . The volume for the day was 398.9 M. This history from November 25, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.75% . The daily price change to the current price is 3.51% . |
Price Boundaries
159783 Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
159783 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.
159783 November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how 159783 etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 159783 shares will generate the highest return on investment. By undertsting and applying 159783 etf market strength indicators, traders can identify 159783 entry and exit signals to maximize returns
159783 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 159783's price direction in advance. Along with the technical and fundamental analysis of 159783 Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of 159783 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.