516180 (China) Price on September 20, 2024
| 516180 Etf | 0.68 0.01 1.45% |
If you're considering investing in 516180 Etf, it is important to understand the factors that can impact its price. As of today, the current price of 516180 stands at 0.68, as last reported on the 1st of December, with the highest price reaching 0.70 and the lowest price hitting 0.68 during the day. 516180 appears to be out of control, given 3 months investment horizon. 516180 retains Efficiency (Sharpe Ratio) of 0.13, which signifies that the etf had a 0.13% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for 516180, which you can use to evaluate the volatility of the entity. Please makes use of 516180's Coefficient Of Variation of 823.46, standard deviation of 3.32, and Market Risk Adjusted Performance of (0.48) to double-check if our risk estimates are consistent with your expectations.
516180 Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
516180 |
Sharpe Ratio = 0.131
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.49 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.46 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average 516180 is performing at about 10% 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 516180 by adding it to a well-diversified portfolio.
516180 Valuation on September 20, 2024
It is possible to determine the worth of 516180 on a given historical date. On September 20, 2024 516180 was worth 0.53 at the beginning of the trading date compared to the closed value of 0.53. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 516180 etf. Still, in general, we apply an absolute valuation method to find 516180'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 516180 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 516180's related companies.
| Open | High | Low | Close | Volume | |
| 0.53 | 0.54 | 0.53 | 0.54 | 5,803,100 | |
09/20/2024 | 0.53 | 0.53 | 0.52 | 0.53 | 8,475,300 |
| 0.53 | 0.53 | 0.52 | 0.52 | 8,401,300 |
| Backtest 516180 | | | 516180 History | Previous | Next |
516180 Trading Date Momentum on September 20, 2024
| On September 23 2024 516180 was traded for 0.52 at the closing time. The highest price during the trading period was 0.53 and the lowest recorded bid was listed for 0.52 . The volume for the day was 8.4 M. This history from September 23, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.89% . The daily price change to the current price is 18.87% . |
Price Boundaries
516180 Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
516180 cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai 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.
516180 December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how 516180 etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 516180 shares will generate the highest return on investment. By undertsting and applying 516180 etf market strength indicators, traders can identify 516180 entry and exit signals to maximize returns
516180 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 516180's price direction in advance. Along with the technical and fundamental analysis of 516180 Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of 516180 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.