RLX TECH (Germany) Price on November 28, 2024
| 3CM Stock | EUR 1.76 0.10 5.38% |
If you're considering investing in RLX Stock, it is important to understand the factors that can impact its price. As of today, the current price of RLX TECH stands at 1.76, as last reported on the 4th of December, with the highest price reaching 1.86 and the lowest price hitting 1.76 during the day. RLX TECH appears to be dangerous, given 3 months investment horizon. RLX TECH SPADR1 maintains Sharpe Ratio (i.e., Efficiency) of 0.0887, which implies the firm had a 0.0887% return per unit of risk over the last 3 months. We have found thirty technical indicators for RLX TECH SPADR1, which you can use to evaluate the volatility of the company. Please evaluate RLX TECH's Risk Adjusted Performance of 0.0749, semi deviation of 3.06, and Coefficient Of Variation of 1137.01 to confirm if our risk estimates are consistent with your expectations.
RLX Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
RLX |
Sharpe Ratio = 0.0887
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 3CM | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.43 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.3 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average RLX TECH is performing at about 6% 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 RLX TECH by adding it to a well-diversified portfolio.
RLX TECH Valuation on November 28, 2024
It is possible to determine the worth of RLX TECH on a given historical date. On November 28, 2024 RLX was worth 1.74 at the beginning of the trading date compared to the closed value of 1.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of RLX TECH stock. Still, in general, we apply an absolute valuation method to find RLX TECH'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 RLX TECH where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against RLX TECH's related companies.
| Open | High | Low | Close | Volume | |
| 1.82 | 1.82 | 1.79 | 1.80 | 234.00 | |
11/28/2024 | 1.74 | 1.80 | 1.74 | 1.80 | 234.00 |
| 1.76 | 1.91 | 1.76 | 1.85 | 234.00 |
| Backtest RLX TECH | | | RLX TECH History | | | RLX TECH Valuation | Previous | Next |
RLX TECH Trading Date Momentum on November 28, 2024
| On November 29 2024 RLX TECH SPADR1 was traded for 1.85 at the closing time. The highest daily price throughout the period was 1.91 and the lowest price was 1.76 . The daily volume was 234. The net trading volume on 11/29/2024 added to the next day price rise. The daily price change to closing price of the next trading day was 2.78% . The trading delta at closing time to current closing price is 3.33% . |
RLX TECH SPADR1 Fundamentals Correlations and Trends
By evaluating RLX TECH'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 RLX TECH's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. RLX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About RLX TECH Stock history
RLX TECH 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 RLX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in RLX TECH SPADR1 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 RLX TECH stock prices may prove useful in developing a viable investing in RLX TECH
Cannvas MedTech Inc. operates as a business technology company within the health sciences sector in the United States and internationally. Cannvas MedTech Inc. was incorporated in 2014 and is headquartered in Vancouver, Canada. CANNVAS MEDTECH is traded on Frankfurt Stock Exchange in Germany.
RLX TECH Stock Technical Analysis
RLX TECH 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
RLX TECH Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
RLX TECH SPADR1 cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
RLX TECH December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how RLX TECH stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RLX TECH shares will generate the highest return on investment. By undertsting and applying RLX TECH stock market strength indicators, traders can identify RLX TECH SPADR1 entry and exit signals to maximize returns
RLX TECH Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for RLX TECH's price direction in advance. Along with the technical and fundamental analysis of RLX Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of RLX 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 | 0.0749 | |||
| Jensen Alpha | 0.323 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0514 | |||
| Treynor Ratio | (0.90) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for RLX Stock analysis
When running RLX TECH's price analysis, check to measure RLX TECH'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 RLX TECH is operating at the current time. Most of RLX TECH's value examination focuses on studying past and present price action to predict the probability of RLX TECH's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RLX TECH's price. Additionally, you may evaluate how the addition of RLX TECH to your portfolios can decrease your overall portfolio volatility.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |