Changshu Tongrun (China) Price on September 23, 2024
| 603201 Stock | 17.33 0.60 3.35% |
If you're considering investing in Changshu Stock, it is important to understand the factors that can impact its price. As of today, the current price of Changshu Tongrun stands at 17.33, as last reported on the 27th of November, with the highest price reaching 18.00 and the lowest price hitting 17.24 during the day. Changshu Tongrun appears to be somewhat reliable, given 3 months investment horizon. Changshu Tongrun Auto secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. By analyzing Changshu Tongrun's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of Changshu Tongrun's mean deviation of 2.65, and Risk Adjusted Performance of 0.0893 to double-check if our risk estimates are consistent with your expectations.
As of November 27, 2024, Total Stockholder Equity is expected to decline to about 1.1 B. In addition to that, Common Stock Shares Outstanding is expected to decline to about 150.6 M. Changshu Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Changshu |
Sharpe Ratio = 0.1435
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 603201 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.78 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Changshu Tongrun is performing at about 11% 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 Changshu Tongrun by adding it to a well-diversified portfolio.
Price Book 1.8299 | Enterprise Value Ebitda 7.4764 | Price Sales 0.9619 | Shares Float 29.9 M | Dividend Share 0.534 |
Changshu Tongrun Valuation on September 23, 2024
It is possible to determine the worth of Changshu Tongrun on a given historical date. On September 23, 2024 Changshu was worth 13.29 at the beginning of the trading date compared to the closed value of 13.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Changshu Tongrun stock. Still, in general, we apply an absolute valuation method to find Changshu Tongrun'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 Changshu Tongrun where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Changshu Tongrun's related companies.
| Open | High | Low | Close | Volume | |
| 13.40 | 13.45 | 13.12 | 13.41 | 786,640 | |
09/23/2024 | 13.29 | 13.70 | 13.09 | 13.43 | 2,062,697 |
| 13.45 | 13.83 | 13.30 | 13.82 | 1,839,320 |
| Backtest Changshu Tongrun | | | Changshu Tongrun History | | | Changshu Tongrun Valuation | Previous | Next |
Changshu Tongrun Trading Date Momentum on September 23, 2024
| On September 24 2024 Changshu Tongrun Auto was traded for 13.82 at the closing time. The highest price during the trading period was 13.83 and the lowest recorded bid was listed for 13.30 . The volume for the day was 1.8 M. This history from September 24, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 2.90% . The overall trading delta to the current price is 33.88% . |
Changshu Tongrun Auto Fundamentals Correlations and Trends
By evaluating Changshu Tongrun'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 Changshu Tongrun's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Changshu financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Changshu Tongrun Stock history
Changshu Tongrun 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 Changshu is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Changshu Tongrun Auto 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 Changshu Tongrun stock prices may prove useful in developing a viable investing in Changshu Tongrun
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 158 M | 150.6 M |
Changshu Tongrun Quarterly Net Working Capital |
|
Changshu Tongrun Stock Technical Analysis
Changshu Tongrun 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
Changshu Tongrun Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Changshu Tongrun Auto 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.
Changshu Tongrun November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Changshu Tongrun stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Changshu Tongrun shares will generate the highest return on investment. By undertsting and applying Changshu Tongrun stock market strength indicators, traders can identify Changshu Tongrun Auto entry and exit signals to maximize returns
Changshu Tongrun Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Changshu Tongrun's price direction in advance. Along with the technical and fundamental analysis of Changshu Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Changshu 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 | 0.0893 | |||
| Jensen Alpha | 0.4207 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0808 | |||
| Treynor Ratio | (1.08) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Changshu Stock analysis
When running Changshu Tongrun's price analysis, check to measure Changshu Tongrun'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 Changshu Tongrun is operating at the current time. Most of Changshu Tongrun's value examination focuses on studying past and present price action to predict the probability of Changshu Tongrun's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Changshu Tongrun's price. Additionally, you may evaluate how the addition of Changshu Tongrun to your portfolios can decrease your overall portfolio volatility.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |