562930 (China) Price on October 23, 2024
| 562930 Etf | 0.83 0.01 1.19% |
If you're considering investing in 562930 Etf, it is important to understand the factors that can impact its price. As of today, the current price of 562930 stands at 0.83, as last reported on the 28th of November, with the highest price reaching 0.86 and the lowest price hitting 0.82 during the day. 562930 appears to be extremely dangerous, given 3 months investment horizon. 562930 retains Efficiency (Sharpe Ratio) of 0.25, which signifies that the etf had a 0.25% return per unit of price deviation over the last 3 months. By evaluating 562930's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please makes use of 562930's Market Risk Adjusted Performance of 2.49, coefficient of variation of 428.36, and Standard Deviation of 3.51 to double-check if our risk estimates are consistent with your expectations.
562930 Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
562930 |
Sharpe Ratio = 0.248
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Estimated Market Risk
| 3.66 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.91 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average 562930 is performing at about 19% 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 562930 by adding it to a well-diversified portfolio.
562930 Valuation on October 23, 2024
It is possible to determine the worth of 562930 on a given historical date. On October 23, 2024 562930 was worth 0.77 at the beginning of the trading date compared to the closed value of 0.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 562930 etf. Still, in general, we apply an absolute valuation method to find 562930'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 562930 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 562930's related companies.
| Open | High | Low | Close | Volume | |
| 0.79 | 0.79 | 0.76 | 0.77 | 12,677,200 | |
10/23/2024 | 0.77 | 0.78 | 0.76 | 0.76 | 10,925,400 |
| 0.75 | 0.76 | 0.75 | 0.76 | 6,778,000 |
| Backtest 562930 | | | 562930 History | Previous | Next |
562930 Trading Date Momentum on October 23, 2024
| On October 24 2024 562930 was traded for 0.76 at the closing time. The highest price during the trading period was 0.76 and the lowest recorded bid was listed for 0.75 . The volume for the day was 6.8 M. This history from October 24, 2024 had no effect on price fluctuation. The daily price change to the current price is 3.95% . |
Price Boundaries
562930 Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
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562930 November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how 562930 etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 562930 shares will generate the highest return on investment. By undertsting and applying 562930 etf market strength indicators, traders can identify 562930 entry and exit signals to maximize returns
562930 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 562930's price direction in advance. Along with the technical and fundamental analysis of 562930 Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of 562930 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.