Sanan Optoelectronics (China) Price on November 14, 2024
| 600703 Stock | 12.98 0.13 1.01% |
Below is the normalized historical share price chart for Sanan Optoelectronics Co extending back to May 28, 1996. 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 Sanan Optoelectronics stands at 12.98, as last reported on the 13th of December 2024, with the highest price reaching 13.02 and the lowest price hitting 12.83 during the day.
If you're considering investing in Sanan Stock, it is important to understand the factors that can impact its price. Sanan Optoelectronics appears to be somewhat reliable, given 3 months investment horizon. Sanan Optoelectronics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. By inspecting Sanan Optoelectronics' technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please review Sanan Optoelectronics' Coefficient Of Variation of 726.26, risk adjusted performance of 0.1075, and Semi Deviation of 1.9 to confirm if our risk estimates are consistent with your expectations.
At present, Sanan Optoelectronics' Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 6 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 4.9 B. . Sanan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 14th of May 1996 | 200 Day MA 12.1588 | 50 Day MA 13.1806 | Beta 0.768 |
Sanan |
Sharpe Ratio = 0.1912
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 600703 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.07 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.59 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Sanan Optoelectronics is performing at about 15% 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 Sanan Optoelectronics by adding it to a well-diversified portfolio.
Price Book 1.7588 | Enterprise Value Ebitda 71.7934 | Price Sales 4.1079 | Shares Float 3.5 B | Wall Street Target Price 12.88 |
Sanan Optoelectronics Valuation on November 14, 2024
It is possible to determine the worth of Sanan Optoelectronics on a given historical date. On November 14, 2024 Sanan was worth 14.66 at the beginning of the trading date compared to the closed value of 14.01. 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 | |
| 14.66 | 14.77 | 14.35 | 14.69 | 84,874,218 | |
11/14/2024 | 14.66 | 14.70 | 14.00 | 14.01 | 79,428,676 |
| 13.93 | 14.12 | 13.50 | 13.50 | 82,751,539 |
| Backtest Sanan Optoelectronics | | | Sanan Optoelectronics History | | | Sanan Optoelectronics Valuation | Previous | Next |
Sanan Optoelectronics Trading Date Momentum on November 14, 2024
| On November 15 2024 Sanan Optoelectronics Co was traded for 13.50 at the closing time. The highest price during the trading period was 14.12 and the lowest recorded bid was listed for 13.50 . The volume for the day was 82.8 M. This history from November 15, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.64% . The trading price change to the current price is 7.28% . |
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
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 5.7 B | 4.9 B | |
| Net Income Applicable To Common Shares | 787.8 M | 1.1 B |
Sanan Optoelectronics Quarterly Net Working Capital |
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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.
Price Boundaries
Sanan Optoelectronics Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
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 December 13, 2024 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.
| Risk Adjusted Performance | 0.1075 | |||
| Jensen Alpha | 0.3933 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1357 | |||
| Treynor Ratio | (14.63) |
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| Volume Indicators |
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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