516720 (China) Price on October 16, 2024
| 516720 Etf | 0.87 0.01 1.16% |
If you're considering investing in 516720 Etf, it is important to understand the factors that can impact its price. As of today, the current price of 516720 stands at 0.87, as last reported on the 1st of December, with the highest price reaching 0.88 and the lowest price hitting 0.86 during the day. 516720 appears to be dangerous, given 3 months investment horizon. 516720 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 thirty technical indicators for 516720, which you can use to evaluate the volatility of the entity. Please makes use of 516720's Standard Deviation of 2.15, coefficient of variation of 946.44, and Market Risk Adjusted Performance of 0.8021 to double-check if our risk estimates are consistent with your expectations.
516720 Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
516720 |
Sharpe Ratio = 0.1226
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Estimated Market Risk
| 2.25 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average 516720 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 516720 by adding it to a well-diversified portfolio.
516720 Valuation on October 16, 2024
It is possible to determine the worth of 516720 on a given historical date. On October 16, 2024 516720 was worth 0.88 at the beginning of the trading date compared to the closed value of 0.87. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 516720 etf. Still, in general, we apply an absolute valuation method to find 516720'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 516720 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 516720's related companies.
| Open | High | Low | Close | Volume | |
| 0.87 | 0.89 | 0.87 | 0.88 | 526,400 | |
10/16/2024 | 0.88 | 0.88 | 0.87 | 0.87 | 130,700 |
| 0.88 | 0.88 | 0.87 | 0.87 | 46,800 |
| Backtest 516720 | | | 516720 History | Previous | Next |
516720 Trading Date Momentum on October 16, 2024
| On October 17 2024 516720 was traded for 0.87 at the closing time. The highest price during the trading period was 0.88 and the lowest recorded bid was listed for 0.87 . The volume for the day was 46.8 K. This history from October 17, 2024 had no effect on price fluctuation. The daily price change to the current price is 2.30% . |
Price Boundaries
516720 Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
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516720 December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how 516720 etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 516720 shares will generate the highest return on investment. By undertsting and applying 516720 etf market strength indicators, traders can identify 516720 entry and exit signals to maximize returns
516720 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 516720's price direction in advance. Along with the technical and fundamental analysis of 516720 Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of 516720 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.