Industrial (China) Price on November 15, 2024
| 601398 Stock | 6.07 0.02 0.33% |
Below is the normalized historical share price chart for Industrial and Commercial extending back to October 27, 2006. 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 Industrial stands at 6.07, as last reported on the 25th of November, with the highest price reaching 6.13 and the lowest price hitting 6.05 during the day.
If you're considering investing in Industrial Stock, it is important to understand the factors that can impact its price. Industrial and Commercial holds Efficiency (Sharpe) Ratio of -0.0639, which attests that the entity had a -0.0639% return per unit of risk over the last 3 months. Industrial and Commercial exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Industrial's Market Risk Adjusted Performance of (0.02), risk adjusted performance of 0.0154, and Downside Deviation of 1.71 to validate the risk estimate we provide.
As of November 25, 2024, Total Stockholder Equity is expected to decline to about 3 T. In addition to that, Other Stockholder Equity is expected to decline to about 128.5 B. Industrial Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 5.6938 | 50 Day MA 6.0256 | Beta 0.251 |
Industrial |
Sharpe Ratio = -0.0639
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 601398 |
Estimated Market Risk
| 1.74 actual daily | 15 85% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Industrial 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 Industrial by adding Industrial to a well-diversified portfolio.
Price Book 0.5725 | Book Value 10.036 | Enterprise Value 951.1 B | Price Sales 3.103 | Shares Float 90.2 B |
Industrial Main Headline on 15th of November 2024
Industrial and Commercial Bank of China Limited Announces Re... by news.google.com
Industrial and Commercial Bank of China Limited Announces Resignation of Xiong Yan as Chief Business Officer Marketscreener.com
Industrial Valuation on November 15, 2024
It is possible to determine the worth of Industrial on a given historical date. On November 15, 2024 Industrial was worth 6.06 at the beginning of the trading date compared to the closed value of 6.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Industrial stock. Still, in general, we apply an absolute valuation method to find Industrial'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 Industrial where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Industrial's related companies.
| Open | High | Low | Close | Volume | |
| 6.03 | 6.10 | 6.01 | 6.07 | 370,323,510 | |
11/15/2024 | 6.06 | 6.11 | 6.03 | 6.05 | 384,523,275 |
| 6.08 | 6.24 | 6.07 | 6.19 | 693,242,480 |
| Backtest Industrial | | | Industrial History | | | Industrial Valuation | Previous | Next |
Industrial Trading Date Momentum on November 15, 2024
| On November 18 2024 Industrial and Commercial was traded for 6.19 at the closing time. The highest price during the trading period was 6.24 and the lowest recorded bid was listed for 6.07 . The volume for the day was 693.2 M. This history from November 18, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 2.31% . The trading delta at closing time to the current price is 0.17% . |
Industrial and Commercial Fundamentals Correlations and Trends
By evaluating Industrial'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 Industrial's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Industrial financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Industrial Stock history
Industrial 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 Industrial is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Industrial and Commercial 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 Industrial stock prices may prove useful in developing a viable investing in Industrial
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 320.8 B | 285.1 B | |
| Net Income Applicable To Common Shares | 414.6 B | 336.5 B |
Industrial Stock Technical Analysis
Industrial 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
Industrial Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Industrial and Commercial 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.
Industrial November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Industrial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Industrial shares will generate the highest return on investment. By undertsting and applying Industrial stock market strength indicators, traders can identify Industrial and Commercial entry and exit signals to maximize returns
Industrial Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Industrial's price direction in advance. Along with the technical and fundamental analysis of Industrial Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Industrial 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 | 0.0154 | |||
| Jensen Alpha | 0.0648 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.03) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Industrial Stock analysis
When running Industrial's price analysis, check to measure Industrial'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 Industrial is operating at the current time. Most of Industrial's value examination focuses on studying past and present price action to predict the probability of Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Industrial's price. Additionally, you may evaluate how the addition of Industrial to your portfolios can decrease your overall portfolio volatility.
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |