Sobute New (China) Price on December 5, 2023
| 603916 Stock | 8.59 0.09 1.06% |
Below is the normalized historical share price chart for Sobute New Materials extending back to November 10, 2017. 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 Sobute New stands at 8.59, as last reported on the 13th of December 2024, with the highest price reaching 8.60 and the lowest price hitting 8.43 during the day.
If you're considering investing in Sobute Stock, it is important to understand the factors that can impact its price. Sobute New appears to be somewhat reliable, given 3 months investment horizon. Sobute New Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. By inspecting Sobute New's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please review Sobute New's Coefficient Of Variation of 741.65, semi deviation of 2.38, and Risk Adjusted Performance of 0.105 to confirm if our risk estimates are consistent with your expectations.
At present, Sobute New's Other Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Shares Outstanding is expected to grow to about 438.4 M, whereas Total Stockholder Equity is forecasted to decline to about 2.4 B. . Sobute Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 7.7334 | 50 Day MA 8.1542 | Beta 0.585 |
Sobute |
Sharpe Ratio = 0.2133
| Best Portfolio | Best Equity | |||
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| Small Returns | 603916 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.52 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Sobute New is performing at about 16% 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 Sobute New by adding it to a well-diversified portfolio.
Price Book 0.8752 | Enterprise Value Ebitda 22.5119 | Price Sales 1.0382 | Shares Float 198.5 M | Wall Street Target Price 8.55 |
Sobute New Valuation on December 5, 2023
It is possible to determine the worth of Sobute New on a given historical date. On December 5, 2023 Sobute was worth 11.74 at the beginning of the trading date compared to the closed value of 11.57. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sobute New stock. Still, in general, we apply an absolute valuation method to find Sobute New'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 Sobute New where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sobute New's related companies.
| Open | High | Low | Close | Volume | |
| 11.80 | 11.89 | 11.66 | 11.78 | 1,925,802 | |
12/05/2023 | 11.74 | 11.75 | 11.57 | 11.57 | 1,876,100 |
| 11.68 | 11.83 | 11.56 | 11.59 | 2,514,100 |
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Sobute New Trading Date Momentum on December 5, 2023
| On December 06 2023 Sobute New Materials was traded for 11.59 at the closing time. The highest price during the trading period was 11.83 and the lowest recorded bid was listed for 11.56 . The volume for the day was 2.5 M. This history from December 6, 2023 contributed to the next trading day price jump. The daily price change to the next closing price was 0.17% . The trading price change to the current price is 5.96% . |
Sobute New Materials Fundamentals Correlations and Trends
By evaluating Sobute New'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 Sobute New's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sobute financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sobute New Stock history
Sobute New 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 Sobute is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sobute New Materials 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 Sobute New stock prices may prove useful in developing a viable investing in Sobute New
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 420.3 M | 438.4 M | |
| Net Income Applicable To Common Shares | 331.1 M | 319.3 M |
Sobute New Quarterly Net Working Capital |
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Sobute New Stock Technical Analysis
Sobute New 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
Sobute New Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Sobute New Materials 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.
Sobute New December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Sobute New stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sobute New shares will generate the highest return on investment. By undertsting and applying Sobute New stock market strength indicators, traders can identify Sobute New Materials entry and exit signals to maximize returns
Sobute New Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sobute New's price direction in advance. Along with the technical and fundamental analysis of Sobute Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sobute 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 | 0.105 | |||
| Jensen Alpha | 0.3318 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0781 | |||
| Treynor Ratio | (3.27) |
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Complementary Tools for Sobute Stock analysis
When running Sobute New's price analysis, check to measure Sobute New'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 Sobute New is operating at the current time. Most of Sobute New's value examination focuses on studying past and present price action to predict the probability of Sobute New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sobute New's price. Additionally, you may evaluate how the addition of Sobute New to your portfolios can decrease your overall portfolio volatility.
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