Ningbo Boway (China) Price on June 6, 2024
| 601137 Stock | 19.58 1.04 5.61% |
If you're considering investing in Ningbo Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ningbo Boway stands at 19.58, as last reported on the 15th of January 2025, with the highest price reaching 19.59 and the lowest price hitting 18.30 during the day. Ningbo Boway appears to be not too volatile, given 3 months investment horizon. Ningbo Boway Alloy has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ningbo Boway, which you can use to evaluate the volatility of the firm. Please exercise Ningbo Boway's Mean Deviation of 2.33, risk adjusted performance of 0.0933, and Downside Deviation of 2.95 to check out if our risk estimates are consistent with your expectations.
Ningbo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ningbo |
Sharpe Ratio = 0.1049
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 601137 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.15 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average Ningbo Boway is performing at about 8% 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 Ningbo Boway by adding it to a well-diversified portfolio.
Ningbo Boway Valuation on June 6, 2024
It is possible to determine the worth of Ningbo Boway on a given historical date. On June 6, 2024 Ningbo was worth 17.28 at the beginning of the trading date compared to the closed value of 16.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ningbo Boway stock. Still, in general, we apply an absolute valuation method to find Ningbo Boway'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 Ningbo Boway where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ningbo Boway's related companies.
| Open | High | Low | Close | Volume | |
| 17.75 | 17.75 | 17.20 | 17.22 | 19,500,902 | |
06/06/2024 | 17.28 | 17.44 | 16.69 | 16.80 | 23,428,171 |
| 16.92 | 17.09 | 16.58 | 16.81 | 14,055,445 |
| Backtest Ningbo Boway | | | Ningbo Boway History | | | Ningbo Boway Valuation | Previous | Next |
Ningbo Boway Trading Date Momentum on June 6, 2024
| On June 07 2024 Ningbo Boway Alloy was traded for 16.81 at the closing time. The highest price during the trading period was 17.09 and the lowest recorded bid was listed for 16.58 . The volume for the day was 14.1 M. This history from June 7, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 0.06% . The trading delta at closing time to the current price is 2.08% . |
Ningbo Boway Alloy Fundamentals Correlations and Trends
By evaluating Ningbo Boway'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 Ningbo Boway's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ningbo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ningbo Boway Stock history
Ningbo Boway 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 Ningbo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ningbo Boway Alloy 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 Ningbo Boway stock prices may prove useful in developing a viable investing in Ningbo Boway
Ningbo Boway Stock Technical Analysis
Ningbo Boway 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
Ningbo Boway Period Price Range
Low | January 15, 2025
| High |
0.00 | 0.00 |
Ningbo Boway Alloy 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.
Ningbo Boway January 15, 2025 Market Strength
Market strength indicators help investors to evaluate how Ningbo Boway stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ningbo Boway shares will generate the highest return on investment. By undertsting and applying Ningbo Boway stock market strength indicators, traders can identify Ningbo Boway Alloy entry and exit signals to maximize returns
Ningbo Boway Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ningbo Boway's price direction in advance. Along with the technical and fundamental analysis of Ningbo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ningbo 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 | 0.0933 | |||
| Jensen Alpha | 0.3195 | |||
| Total Risk Alpha | 0.3761 | |||
| Sortino Ratio | 0.1137 | |||
| Treynor Ratio | (3.59) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Ningbo Stock analysis
When running Ningbo Boway's price analysis, check to measure Ningbo Boway'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 Ningbo Boway is operating at the current time. Most of Ningbo Boway's value examination focuses on studying past and present price action to predict the probability of Ningbo Boway's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ningbo Boway's price. Additionally, you may evaluate how the addition of Ningbo Boway to your portfolios can decrease your overall portfolio volatility.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |