Bingshan Refrigeration (China) Price on June 26, 2024
| 200530 Stock | 1.86 0.14 8.14% |
If you're considering investing in Bingshan Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bingshan Refrigeration stands at 1.86, as last reported on the 14th of December 2024, with the highest price reaching 1.87 and the lowest price hitting 1.70 during the day. Bingshan Refrigeration appears to be risky, given 3 months investment horizon. Bingshan Refrigeration secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. By analyzing Bingshan Refrigeration's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of Bingshan Refrigeration's Mean Deviation of 2.0, downside deviation of 2.74, and Risk Adjusted Performance of 0.1465 to double-check if our risk estimates are consistent with your expectations.
Bingshan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bingshan |
Sharpe Ratio = 0.1918
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Estimated Market Risk
| 2.83 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Bingshan Refrigeration 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 Bingshan Refrigeration by adding it to a well-diversified portfolio.
Bingshan Refrigeration Valuation on June 26, 2024
It is possible to determine the worth of Bingshan Refrigeration on a given historical date. On June 26, 2024 Bingshan was worth 1.35 at the beginning of the trading date compared to the closed value of 1.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bingshan Refrigeration stock. Still, in general, we apply an absolute valuation method to find Bingshan Refrigeration'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 Bingshan Refrigeration where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bingshan Refrigeration's related companies.
| Open | High | Low | Close | Volume | |
| 1.34 | 1.35 | 1.32 | 1.35 | 200,000 | |
06/26/2024 | 1.35 | 1.38 | 1.35 | 1.37 | 528,921 |
| 1.37 | 1.37 | 1.34 | 1.36 | 118,251 |
| Backtest Bingshan Refrigeration | | | Bingshan Refrigeration History | | | Bingshan Refrigeration Valuation | Previous | Next |
Bingshan Refrigeration Trading Date Momentum on June 26, 2024
| On June 27 2024 Bingshan Refrigeration and was traded for 1.36 at the closing time. The highest price during the trading period was 1.37 and the lowest recorded bid was listed for 1.34 . The volume for the day was 118.3 K. This history from June 27, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.73% . The overall trading delta to the current price is 2.92% . |
Bingshan Refrigeration Fundamentals Correlations and Trends
By evaluating Bingshan Refrigeration'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 Bingshan Refrigeration's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bingshan financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bingshan Refrigeration Stock history
Bingshan Refrigeration 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 Bingshan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bingshan Refrigeration 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 Bingshan Refrigeration stock prices may prove useful in developing a viable investing in Bingshan Refrigeration
Bingshan Refrigeration Stock Technical Analysis
Bingshan Refrigeration 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
Bingshan Refrigeration Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Bingshan Refrigeration and 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.
Bingshan Refrigeration December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Bingshan Refrigeration stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bingshan Refrigeration shares will generate the highest return on investment. By undertsting and applying Bingshan Refrigeration stock market strength indicators, traders can identify Bingshan Refrigeration and entry and exit signals to maximize returns
Bingshan Refrigeration Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bingshan Refrigeration's price direction in advance. Along with the technical and fundamental analysis of Bingshan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bingshan 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 | 0.1465 | |||
| Jensen Alpha | 0.4555 | |||
| Total Risk Alpha | 0.1809 | |||
| Sortino Ratio | 0.1611 | |||
| Treynor Ratio | 0.6258 |
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Complementary Tools for Bingshan Stock analysis
When running Bingshan Refrigeration's price analysis, check to measure Bingshan Refrigeration'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 Bingshan Refrigeration is operating at the current time. Most of Bingshan Refrigeration's value examination focuses on studying past and present price action to predict the probability of Bingshan Refrigeration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bingshan Refrigeration's price. Additionally, you may evaluate how the addition of Bingshan Refrigeration to your portfolios can decrease your overall portfolio volatility.
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