China Zheshang (China) Price on October 31, 2024
| 601916 Stock | 2.97 0.02 0.67% |
Below is the normalized historical share price chart for China Zheshang Bank extending back to November 26, 2019. 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 China Zheshang stands at 2.97, as last reported on the 11th of December 2024, with the highest price reaching 3.00 and the lowest price hitting 2.96 during the day.
If you're considering investing in China Stock, it is important to understand the factors that can impact its price. China Zheshang appears to be moderately volatile, given 3 months investment horizon. China Zheshang Bank secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Zheshang Bank, which you can use to evaluate the volatility of the firm. Please makes use of China Zheshang's Risk Adjusted Performance of 0.0942, downside deviation of 1.8, and Mean Deviation of 1.24 to double-check if our risk estimates are consistent with your expectations.
The current year's Other Stockholder Equity is expected to grow to about 32.8 B, whereas Total Stockholder Equity is forecasted to decline to about 141.2 B. . China Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 2.8478 | 50 Day MA 2.8906 | Beta 0.452 |
China |
Sharpe Ratio = 0.1826
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 601916 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.79 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average China Zheshang 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 China Zheshang by adding it to a well-diversified portfolio.
Price Book 0.4304 | Book Value 6.204 | Enterprise Value 278.9 B | Price Sales 1.9695 | Shares Float 10.9 B |
China Zheshang Valuation on October 31, 2024
It is possible to determine the worth of China Zheshang on a given historical date. On October 31, 2024 China was worth 2.84 at the beginning of the trading date compared to the closed value of 2.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of China Zheshang stock. Still, in general, we apply an absolute valuation method to find China Zheshang'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 China Zheshang where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against China Zheshang's related companies.
| Open | High | Low | Close | Volume | |
| 2.86 | 2.88 | 2.82 | 2.84 | 121,742,784 | |
10/31/2024 | 2.84 | 2.86 | 2.82 | 2.84 | 136,221,872 |
| 2.83 | 2.87 | 2.82 | 2.84 | 129,648,918 |
| Backtest China Zheshang | | | China Zheshang History | | | China Zheshang Valuation | Previous | Next |
China Zheshang Trading Date Momentum on October 31, 2024
| On November 01 2024 China Zheshang Bank was traded for 2.84 at the closing time. The highest price during the trading period was 2.87 and the lowest recorded bid was listed for 2.82 . The volume for the day was 129.6 M. This history from November 1, 2024 did not affect price variability. The overall trading delta to the current price is 2.46% . |
China Zheshang Bank Fundamentals Correlations and Trends
By evaluating China Zheshang'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 China Zheshang's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. China financial account trend analysis is a perfect complement when working with valuation or volatility modules.About China Zheshang Stock history
China Zheshang 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 China is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in China Zheshang Bank 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 China Zheshang stock prices may prove useful in developing a viable investing in China Zheshang
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 27.5 B | 23.3 B | |
| Net Income Applicable To Common Shares | 13.6 B | 12.4 B |
China Zheshang Stock Technical Analysis
China Zheshang 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
China Zheshang Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
China Zheshang Bank 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.
China Zheshang December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how China Zheshang stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading China Zheshang shares will generate the highest return on investment. By undertsting and applying China Zheshang stock market strength indicators, traders can identify China Zheshang Bank entry and exit signals to maximize returns
China Zheshang Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for China Zheshang's price direction in advance. Along with the technical and fundamental analysis of China Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of China 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 | 0.0942 | |||
| Jensen Alpha | 0.2103 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0508 | |||
| Treynor Ratio | (5.14) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for China Stock analysis
When running China Zheshang's price analysis, check to measure China Zheshang'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 China Zheshang is operating at the current time. Most of China Zheshang's value examination focuses on studying past and present price action to predict the probability of China Zheshang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Zheshang's price. Additionally, you may evaluate how the addition of China Zheshang to your portfolios can decrease your overall portfolio volatility.
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