516770 (China) Price on November 29, 2024
| 516770 Etf | 1.18 0.01 0.85% |
If you're considering investing in 516770 Etf, it is important to understand the factors that can impact its price. As of today, the current price of 516770 stands at 1.18, as last reported on the 12th of December 2024, with the highest price reaching 1.18 and the lowest price hitting 1.16 during the day. 516770 appears to be dangerous, given 3 months investment horizon. 516770 retains Efficiency (Sharpe Ratio) of 0.23, which signifies that the etf had a 0.23% return per unit of price deviation over the last 3 months. By evaluating 516770's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please makes use of 516770's Market Risk Adjusted Performance of (18.57), coefficient of variation of 429.7, and Standard Deviation of 3.42 to double-check if our risk estimates are consistent with your expectations.
516770 Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
516770 |
Sharpe Ratio = 0.2327
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Estimated Market Risk
| 3.42 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.8 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 18 82% of assets perform better |
Based on monthly moving average 516770 is performing at about 18% 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 516770 by adding it to a well-diversified portfolio.
516770 Valuation on November 29, 2024
It is possible to determine the worth of 516770 on a given historical date. On November 29, 2024 516770 was worth 1.11 at the beginning of the trading date compared to the closed value of 1.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 516770 etf. Still, in general, we apply an absolute valuation method to find 516770'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 516770 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 516770's related companies.
| Open | High | Low | Close | Volume | |
| 1.14 | 1.16 | 1.12 | 1.12 | 28,476,000 | |
11/29/2024 | 1.11 | 1.15 | 1.09 | 1.13 | 31,924,700 |
| 1.12 | 1.15 | 1.12 | 1.15 | 27,375,800 |
| Backtest 516770 | | | 516770 History | Previous | Next |
516770 Trading Date Momentum on November 29, 2024
| On December 02 2024 516770 was traded for 1.15 at the closing time. The highest price during the trading period was 1.15 and the lowest recorded bid was listed for 1.12 . The volume for the day was 27.4 M. This history from December 2, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 1.77% . The daily price change to the current price is 3.54% . |
Price Boundaries
516770 Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
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516770 December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how 516770 etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 516770 shares will generate the highest return on investment. By undertsting and applying 516770 etf market strength indicators, traders can identify 516770 entry and exit signals to maximize returns
516770 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 516770's price direction in advance. Along with the technical and fundamental analysis of 516770 Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of 516770 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.