China Building (China) Price on October 23, 2024
| 603060 Stock | 8.15 0.35 4.49% |
Below is the normalized historical share price chart for China Building Material extending back to November 09, 2016. 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 Building stands at 8.15, as last reported on the 12th of December 2024, with the highest price reaching 8.20 and the lowest price hitting 7.78 during the day.
If you're considering investing in China Stock, it is important to understand the factors that can impact its price. China Building appears to be slightly risky, given 3 months investment horizon. China Building Material secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. By analyzing China Building's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please makes use of China Building's Risk Adjusted Performance of 0.1092, mean deviation of 2.34, and Downside Deviation of 3.17 to double-check if our risk estimates are consistent with your expectations.
At present, China Building's Common Stock is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 32 M, whereas Total Stockholder Equity is forecasted to decline to about 1.1 B. . China Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 6.7801 | 50 Day MA 7.1456 | Beta 0.606 |
China |
Sharpe Ratio = 0.2014
| Best Portfolio | Best Equity | |||
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| Small Returns | 603060 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.43 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.69 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average China Building 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 China Building by adding it to a well-diversified portfolio.
Price Book 3.4865 | Enterprise Value Ebitda 17.8976 | Price Sales 2.451 | Shares Float 233.1 M | Wall Street Target Price 8.51 |
China Building Valuation on October 23, 2024
It is possible to determine the worth of China Building on a given historical date. On October 23, 2024 China was worth 6.65 at the beginning of the trading date compared to the closed value of 6.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of China Building stock. Still, in general, we apply an absolute valuation method to find China Building'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 Building where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against China Building's related companies.
| Open | High | Low | Close | Volume | |
| 6.71 | 6.71 | 6.56 | 6.65 | 6,975,161 | |
10/23/2024 | 6.65 | 6.73 | 6.61 | 6.63 | 6,709,320 |
| 6.64 | 6.85 | 6.60 | 6.73 | 11,936,099 |
| Backtest China Building | | | China Building History | | | China Building Valuation | Previous | Next |
China Building Trading Date Momentum on October 23, 2024
| On October 24 2024 China Building Material was traded for 6.73 at the closing time. The highest price during the trading period was 6.85 and the lowest recorded bid was listed for 6.60 . The volume for the day was 11.9 M. This history from October 24, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 1.51% . The overall trading delta to the current price is 0.15% . |
China Building Material Fundamentals Correlations and Trends
By evaluating China Building'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 Building'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 Building Stock history
China Building 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 Building Material 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 Building stock prices may prove useful in developing a viable investing in China Building
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 803.9 M | 592.3 M | |
| Net Income Applicable To Common Shares | 290.9 M | 208.5 M |
China Building Quarterly Net Working Capital |
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China Building Stock Technical Analysis
China Building 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 Building Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
China Building Material 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 Building December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how China Building 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 Building shares will generate the highest return on investment. By undertsting and applying China Building stock market strength indicators, traders can identify China Building Material entry and exit signals to maximize returns
China Building Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for China Building'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 | 0.1092 | |||
| Jensen Alpha | 0.4525 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1052 | |||
| Treynor Ratio | (10.51) |
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for China Stock analysis
When running China Building's price analysis, check to measure China Building'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 Building is operating at the current time. Most of China Building's value examination focuses on studying past and present price action to predict the probability of China Building'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 Building's price. Additionally, you may evaluate how the addition of China Building to your portfolios can decrease your overall portfolio volatility.
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