China Fortune (China) Price on September 20, 2024
| 600340 Stock | 2.88 0.03 1.03% |
Below is the normalized historical share price chart for China Fortune Land extending back to December 31, 2003. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of China Fortune stands at 2.88, as last reported on the 30th of November, with the highest price reaching 3.00 and the lowest price hitting 2.81 during the day.
If you're considering investing in China Stock, it is important to understand the factors that can impact its price. China Fortune is dangerous given 3 months investment horizon. China Fortune Land secures Sharpe Ratio (or Efficiency) of 0.3, which signifies that the company had a 0.3% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.91% are justified by taking the suggested risk. Use China Fortune Mean Deviation of 4.86, downside deviation of 5.82, and Risk Adjusted Performance of 0.2278 to evaluate company specific risk that cannot be diversified away.
The current year's Common Stock is expected to grow to about 4.7 B, whereas Total Stockholder Equity is forecasted to decline to about 6.8 B. . China Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 15th of December 2003 | 200 Day MA 1.4248 | 50 Day MA 2.108 | Beta 0.978 |
China |
Sharpe Ratio = 0.297
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | 600340 | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 6.42 actual daily | 57 57% of assets are less volatile |
Expected Return
| 1.91 actual daily | 38 62% of assets have higher returns |
Risk-Adjusted Return
| 0.3 actual daily | 23 77% of assets perform better |
Based on monthly moving average China Fortune is performing at about 23% 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 China Fortune by adding it to a well-diversified portfolio.
Price Book 1.9299 | Enterprise Value Ebitda (16.12) | Price Sales 0.3556 | Shares Float 2.8 B | Wall Street Target Price 11.09 |
China Fortune Valuation on September 20, 2024
It is possible to determine the worth of China Fortune on a given historical date. On September 20, 2024 China was worth 1.05 at the beginning of the trading date compared to the closed value of 1.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of China Fortune stock. Still, in general, we apply an absolute valuation method to find China Fortune'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 China Fortune where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against China Fortune's related companies.
| Open | High | Low | Close | Volume | |
| 1.04 | 1.08 | 1.03 | 1.06 | 65,998,895 | |
09/20/2024 | 1.05 | 1.09 | 1.04 | 1.07 | 89,965,520 |
| 1.06 | 1.07 | 1.04 | 1.06 | 51,318,600 |
| Backtest China Fortune | | | China Fortune History | | | China Fortune Valuation | Previous | Next |
China Fortune Trading Date Momentum on September 20, 2024
| On September 23 2024 China Fortune Land was traded for 1.06 at the closing time. The highest price during the trading period was 1.07 and the lowest recorded bid was listed for 1.04 . The volume for the day was 51.3 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 0.93% . The overall trading delta to the current price is 39.25% . |
China Fortune Land Fundamentals Correlations and Trends
By evaluating China Fortune's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among China Fortune's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. China financial account trend analysis is a perfect complement when working with valuation or volatility modules.About China Fortune Stock history
China Fortune investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for China is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in China Fortune Land will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing China Fortune stock prices may prove useful in developing a viable investing in China Fortune
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 4.5 B | 4.3 B | |
| Net Loss | -35.1 B | -33.4 B |
China Fortune Quarterly Net Working Capital |
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China Fortune Stock Technical Analysis
China Fortune technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
China Fortune Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
China Fortune Land 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.
China Fortune November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how China Fortune stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading China Fortune shares will generate the highest return on investment. By undertsting and applying China Fortune stock market strength indicators, traders can identify China Fortune Land entry and exit signals to maximize returns
China Fortune Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for China Fortune's price direction in advance. Along with the technical and fundamental analysis of China Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of China 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.
| Risk Adjusted Performance | 0.2278 | |||
| Jensen Alpha | 1.8 | |||
| Total Risk Alpha | 0.7135 | |||
| Sortino Ratio | 0.274 | |||
| Treynor Ratio | (2.76) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for China Stock analysis
When running China Fortune's price analysis, check to measure China Fortune's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Fortune is operating at the current time. Most of China Fortune's value examination focuses on studying past and present price action to predict the probability of China Fortune's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Fortune's price. Additionally, you may evaluate how the addition of China Fortune to your portfolios can decrease your overall portfolio volatility.
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