Changshu Tongrun (China) Price on November 4, 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 0.53% is justified by implied risk. Please makes use of Changshu Tongrun's risk adjusted performance of 0.0795, and Mean Deviation of 2.69 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.

Sharpe Ratio = 0.1423

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Estimated Market Risk

 3.75
  actual daily
33
67% of assets are more volatile

Expected Return

 0.53
  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
1.7687
Enterprise Value Ebitda
7.1927
Price Sales
0.968
Shares Float
29.9 M
Dividend Share
0.534

Changshu Tongrun Main Headline on 4th of November 2024

Discovering Undiscovered Gems with Potential in November 2024 Yahoo Finance

Changshu Tongrun Valuation on November 4, 2024

It is possible to determine the worth of Changshu Tongrun on a given historical date. On November 4, 2024 Changshu was worth 18.03 at the beginning of the trading date compared to the closed value of 19.93. 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
  18.74    19.10    17.69    18.12    8,792,481  
11/04/2024
  18.03    19.93    17.71    19.93    7,167,670  
  20.53    21.92    20.00    21.91    13,501,682  
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Open Value
18.03
19.93
Closing Value
29.27
Upside

Changshu Tongrun Trading Date Momentum on November 4, 2024

On November 05 2024 Changshu Tongrun Auto was traded for  21.91  at the closing time. The highest price during the trading period was 21.92  and the lowest recorded bid was listed for  20.00 . The volume for the day was 13.5 M. This history from November 5, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 9.93% . The overall trading delta to the current price is 3.61% .

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 ReportedProjected for Next Year
Common Stock Shares Outstanding158 M150.6 M

Changshu Tongrun Quarterly Net Working Capital

984.12 Million

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.
A focus of Changshu Tongrun technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Changshu Tongrun trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Changshu Tongrun Period Price Range

Low
November 27, 2024
0.00  NaN%
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.

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.
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