516220 (China) Price on November 27, 2024
| 516220 Etf | 0.66 0.01 1.54% |
If you're considering investing in 516220 Etf, it is important to understand the factors that can impact its price. As of today, the current price of 516220 stands at 0.66, as last reported on the 2nd of December, with the highest price reaching 0.66 and the lowest price hitting 0.65 during the day. 516220 appears to be out of control, given 3 months investment horizon. 516220 retains Efficiency (Sharpe Ratio) of 0.12, which signifies that the etf had a 0.12% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for 516220, which you can use to evaluate the volatility of the entity. Please makes use of 516220's Coefficient Of Variation of 810.12, market risk adjusted performance of (3.81), and Standard Deviation of 2.48 to double-check if our risk estimates are consistent with your expectations.
516220 Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
516220 |
Sharpe Ratio = 0.1202
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.64 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average 516220 is performing at about 9% 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 516220 by adding it to a well-diversified portfolio.
516220 Valuation on November 27, 2024
It is possible to determine the worth of 516220 on a given historical date. On November 27, 2024 516220 was worth 0.64 at the beginning of the trading date compared to the closed value of 0.66. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 516220 etf. Still, in general, we apply an absolute valuation method to find 516220'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 516220 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 516220's related companies.
| Open | High | Low | Close | Volume | |
| 0.65 | 0.65 | 0.65 | 0.65 | 27,955,800 | |
11/27/2024 | 0.64 | 0.66 | 0.64 | 0.66 | 18,005,700 |
| 0.66 | 0.66 | 0.65 | 0.65 | 23,443,800 |
| Backtest 516220 | | | 516220 History | Previous | Next |
516220 Trading Date Momentum on November 27, 2024
| On November 28 2024 516220 was traded for 0.65 at the closing time. The highest price during the trading period was 0.66 and the lowest recorded bid was listed for 0.65 . The volume for the day was 23.4 M. This history from November 28, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.52% . The daily price change to the current price is 1.52% . |
Price Boundaries
516220 Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
516220 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.
516220 December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how 516220 etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 516220 shares will generate the highest return on investment. By undertsting and applying 516220 etf market strength indicators, traders can identify 516220 entry and exit signals to maximize returns
516220 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 516220's price direction in advance. Along with the technical and fundamental analysis of 516220 Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of 516220 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.