Chengdu B (China) Price on August 26, 2024

600880 Stock   4.83  0.21  4.17%   
Below is the normalized historical share price chart for Chengdu B ray Media extending back to November 15, 1995. 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 Chengdu B stands at 4.83, as last reported on the 4th of December, with the highest price reaching 5.04 and the lowest price hitting 4.79 during the day.
IPO Date
10th of September 1989
200 Day MA
4.175
50 Day MA
4.4578
Beta
0.605
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Chengdu Stock, it is important to understand the factors that can impact its price. Chengdu B appears to be relatively risky, given 3 months investment horizon. Chengdu B ray secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of standard deviation over the last 3 months. By analyzing Chengdu B's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of Chengdu B's risk adjusted performance of 0.1532, and Mean Deviation of 2.37 to double-check if our risk estimates are consistent with your expectations.
  
As of December 4, 2024, Total Stockholder Equity is expected to decline to about 2.2 B. In addition to that, Common Stock is expected to decline to about 665.7 M. Chengdu Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1862

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Estimated Market Risk

 3.28
  actual daily
29
71% of assets are more volatile

Expected Return

 0.61
  actual daily
12
88% of assets have higher returns

Risk-Adjusted Return

 0.19
  actual daily
14
86% of assets perform better
Based on monthly moving average Chengdu B is performing at about 14% 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 Chengdu B by adding it to a well-diversified portfolio.
Price Book
1.8167
Book Value
2.774
Enterprise Value
5.3 B
Enterprise Value Ebitda
193.6217
Price Sales
10.8103

Chengdu B Valuation on August 26, 2024

It is possible to determine the worth of Chengdu B on a given historical date. On August 26, 2024 Chengdu was worth 3.53 at the beginning of the trading date compared to the closed value of 3.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chengdu B stock. Still, in general, we apply an absolute valuation method to find Chengdu B'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 Chengdu B where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chengdu B's related companies.
 Open High Low Close Volume
  3.53    3.57    3.46    3.51    19,625,596  
08/26/2024
  3.53    3.57    3.45    3.54    11,337,400  
  3.56    3.59    3.43    3.45    10,691,300  
Backtest Chengdu B  |  Chengdu B History  |  Chengdu B Valuation   PreviousNext  
Open Value
3.53
3.54
Closing Value
13.38
Upside

Chengdu B Trading Date Momentum on August 26, 2024

On August 27 2024 Chengdu B ray Media was traded for  3.45  at the closing time. The highest price during the trading period was 3.59  and the lowest recorded bid was listed for  3.43 . The volume for the day was 10.7 M. This history from August 27, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.54% . The overall trading delta to the current price is 1.41% .

Chengdu B ray Fundamentals Correlations and Trends

By evaluating Chengdu B'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 Chengdu B's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Chengdu financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Chengdu B Stock history

Chengdu B 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 Chengdu is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chengdu B ray 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 Chengdu B stock prices may prove useful in developing a viable investing in Chengdu B
Last ReportedProjected for Next Year
Common Stock Shares Outstanding984 M874.7 M
Net Income Applicable To Common Shares70.6 M78.5 M

Chengdu B Quarterly Net Working Capital

469.8 Million

Chengdu B Stock Technical Analysis

Chengdu B 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 Chengdu B technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Chengdu B 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

Chengdu B Period Price Range

Low
December 4, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Chengdu B ray Media 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.

Chengdu B December 4, 2024 Market Strength

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

Chengdu B Technical and Predictive Indicators

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

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