Sanan Optoelectronics (China) Price on May 3, 2024

600703 Stock   11.48  0.24  2.05%   
If you're considering investing in Sanan Stock, it is important to understand the factors that can impact its price. As of today, the current price of Sanan Optoelectronics stands at 11.48, as last reported on the 5th of January, with the highest price reaching 11.89 and the lowest price hitting 11.47 during the day. Sanan Optoelectronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Sanan Optoelectronics Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sanan Optoelectronics' Coefficient Of Variation of (905.29), variance of 5.18, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide.
  
Sanan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1105

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Estimated Market Risk

 2.28
  actual daily
20
80% of assets are more volatile

Expected Return

 -0.25
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average Sanan Optoelectronics is not performing at its full potential. However, 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 Sanan Optoelectronics by adding Sanan Optoelectronics to a well-diversified portfolio.

Sanan Optoelectronics Valuation on May 3, 2024

It is possible to determine the worth of Sanan Optoelectronics on a given historical date. On May 3, 2024 Sanan was worth 12.45 at the beginning of the trading date compared to the closed value of 12.53. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sanan Optoelectronics stock. Still, in general, we apply an absolute valuation method to find Sanan Optoelectronics' 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 Sanan Optoelectronics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sanan Optoelectronics' related companies.
 Open High Low Close Volume
  11.69    12.46    11.64    12.45    63,883,979  
04/30/2024
  12.45    12.72    12.36    12.53    46,178,019  
  12.70    12.81    12.56    12.59    32,340,500  
Backtest Sanan Optoelectronics  |  Sanan Optoelectronics History  |  Sanan Optoelectronics Valuation   PreviousNext  
Open Value
12.45
12.53
Closing Value
19.28
Upside

Sanan Optoelectronics Trading Date Momentum on May 3, 2024

On May 06 2024 Sanan Optoelectronics Co was traded for  12.59  at the closing time. The highest price during the trading period was 12.81  and the lowest recorded bid was listed for  12.56 . The volume for the day was 32.3 M. This history from May 6, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 0.48% . The trading price change to the current price is 0.80% .

Sanan Optoelectronics Fundamentals Correlations and Trends

By evaluating Sanan Optoelectronics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Sanan Optoelectronics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sanan financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Sanan Optoelectronics Stock history

Sanan Optoelectronics 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 Sanan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sanan Optoelectronics 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 Sanan Optoelectronics stock prices may prove useful in developing a viable investing in Sanan Optoelectronics

Sanan Optoelectronics Stock Technical Analysis

Sanan Optoelectronics 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.
A focus of Sanan Optoelectronics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sanan Optoelectronics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Sanan Optoelectronics Period Price Range

Low
January 5, 2025
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High

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Sanan Optoelectronics Co 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.

Sanan Optoelectronics January 5, 2025 Market Strength

Market strength indicators help investors to evaluate how Sanan Optoelectronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sanan Optoelectronics shares will generate the highest return on investment. By undertsting and applying Sanan Optoelectronics stock market strength indicators, traders can identify Sanan Optoelectronics Co entry and exit signals to maximize returns

Sanan Optoelectronics Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Sanan Optoelectronics' price direction in advance. Along with the technical and fundamental analysis of Sanan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sanan 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.

Complementary Tools for Sanan Stock analysis

When running Sanan Optoelectronics' price analysis, check to measure Sanan Optoelectronics' 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 Sanan Optoelectronics is operating at the current time. Most of Sanan Optoelectronics' value examination focuses on studying past and present price action to predict the probability of Sanan Optoelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sanan Optoelectronics' price. Additionally, you may evaluate how the addition of Sanan Optoelectronics to your portfolios can decrease your overall portfolio volatility.
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