Loongson Technology (China) Price on October 17, 2024

688047 Stock   131.46  2.53  1.96%   
If you're considering investing in Loongson Stock, it is important to understand the factors that can impact its price. As of today, the current price of Loongson Technology stands at 131.46, as last reported on the 20th of February, with the highest price reaching 132.17 and the lowest price hitting 127.58 during the day. Loongson Technology Corp has Sharpe Ratio of -0.0461, which conveys that the firm had a -0.0461 % return per unit of risk over the last 3 months. Loongson Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Loongson Technology's Standard Deviation of 2.83, mean deviation of 2.13, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide.
  
Loongson Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0461

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Estimated Market Risk

 2.83
  actual daily
25
75% of assets are more volatile

Expected Return

 -0.13
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  actual daily
0
Most of other assets perform better
Based on monthly moving average Loongson Technology is not performing at its full potential. However, 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 Loongson Technology by adding Loongson Technology to a well-diversified portfolio.

Loongson Technology Valuation on October 17, 2024

It is possible to determine the worth of Loongson Technology on a given historical date. On October 17, 2024 Loongson was worth 145.0 at the beginning of the trading date compared to the closed value of 131.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Loongson Technology stock. Still, in general, we apply an absolute valuation method to find Loongson Technology'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 Loongson Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Loongson Technology's related companies.
 Open High Low Close Volume
  121.00    122.93    119.63    121.00    3,682,868  
10/17/2024
  145.00    145.19    131.97    131.97    12,598,359  
  129.60    158.00    128.50    151.00    13,819,551  
Backtest Loongson Technology  |  Loongson Technology History  |  Loongson Technology Valuation   PreviousNext  
Open Value
145.0
136.52
Downside
131.97
Closing Value
153.48
Upside

Loongson Technology Trading Date Momentum on October 17, 2024

On October 18 2024 Loongson Technology Corp was traded for  151.00  at the closing time. The highest price during the trading period was 158.00  and the lowest recorded bid was listed for  128.50 . The volume for the day was 13.8 M. This history from October 18, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 14.42% . The trading delta at closing time to the current price is 5.55% .

Loongson Technology Corp Fundamentals Correlations and Trends

By evaluating Loongson Technology'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 Loongson Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Loongson financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Loongson Technology Stock history

Loongson Technology 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 Loongson is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Loongson Technology Corp 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 Loongson Technology stock prices may prove useful in developing a viable investing in Loongson Technology

Loongson Technology Stock Technical Analysis

Loongson Technology 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 Loongson Technology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Loongson Technology 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

Loongson Technology Period Price Range

Low
February 20, 2025
0.00  NaN%
High

 0.00 

     

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Loongson Technology Corp 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.

Loongson Technology February 20, 2025 Market Strength

Market strength indicators help investors to evaluate how Loongson Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Loongson Technology shares will generate the highest return on investment. By undertsting and applying Loongson Technology stock market strength indicators, traders can identify Loongson Technology Corp entry and exit signals to maximize returns

Loongson Technology Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Loongson Technology's price direction in advance. Along with the technical and fundamental analysis of Loongson Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Loongson 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 Loongson Stock analysis

When running Loongson Technology's price analysis, check to measure Loongson Technology'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 Loongson Technology is operating at the current time. Most of Loongson Technology's value examination focuses on studying past and present price action to predict the probability of Loongson Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Loongson Technology's price. Additionally, you may evaluate how the addition of Loongson Technology to your portfolios can decrease your overall portfolio volatility.
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