Shaanxi Lighte (China) Price on September 30, 2024
688150 Stock | 20.05 0.58 2.81% |
If you're considering investing in Shaanxi Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shaanxi Lighte stands at 20.05, as last reported on the 2nd of February, with the highest price reaching 20.73 and the lowest price hitting 19.98 during the day. Shaanxi Lighte Optoe owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0289, which indicates the firm had a -0.0289 % return per unit of risk over the last 3 months. Shaanxi Lighte Optoelectronics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shaanxi Lighte's Coefficient Of Variation of (3,466), variance of 8.09, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide.
Shaanxi Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shaanxi |
Sharpe Ratio = -0.0289
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Negative Returns | 688150 |
Estimated Market Risk
2.84 actual daily | 25 75% of assets are more volatile |
Expected Return
-0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Shaanxi Lighte 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 Shaanxi Lighte by adding Shaanxi Lighte to a well-diversified portfolio.
Shaanxi Lighte Valuation on September 30, 2024
It is possible to determine the worth of Shaanxi Lighte on a given historical date. On September 30, 2024 Shaanxi was worth 19.16 at the beginning of the trading date compared to the closed value of 21.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shaanxi Lighte stock. Still, in general, we apply an absolute valuation method to find Shaanxi Lighte'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 Shaanxi Lighte where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shaanxi Lighte's related companies.
Open | High | Low | Close | Volume | |
17.60 | 18.29 | 17.35 | 18.17 | 2,458,238 | |
09/30/2024 | 19.16 | 21.79 | 18.60 | 21.55 | 10,150,405 |
25.21 | 25.35 | 20.68 | 23.30 | 19,167,885 |
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Shaanxi Lighte Trading Date Momentum on September 30, 2024
On October 08 2024 Shaanxi Lighte Optoelectronics was traded for 23.30 at the closing time. The highest price during the trading period was 25.35 and the lowest recorded bid was listed for 20.68 . The volume for the day was 19.2 M. This history from October 8, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 8.12% . The trading price change to the current price is 7.01% . |
Shaanxi Lighte Optoe Fundamentals Correlations and Trends
By evaluating Shaanxi Lighte'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 Shaanxi Lighte's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shaanxi financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shaanxi Lighte Stock history
Shaanxi Lighte 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 Shaanxi is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shaanxi Lighte Optoe 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 Shaanxi Lighte stock prices may prove useful in developing a viable investing in Shaanxi Lighte
Shaanxi Lighte Stock Technical Analysis
Shaanxi Lighte 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
Shaanxi Lighte Period Price Range
Low | February 2, 2025
| High |
0.00 | 0.00 |
Shaanxi Lighte Optoelectronics 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.
Shaanxi Lighte February 2, 2025 Market Strength
Market strength indicators help investors to evaluate how Shaanxi Lighte stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shaanxi Lighte shares will generate the highest return on investment. By undertsting and applying Shaanxi Lighte stock market strength indicators, traders can identify Shaanxi Lighte Optoelectronics entry and exit signals to maximize returns
Shaanxi Lighte Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shaanxi Lighte's price direction in advance. Along with the technical and fundamental analysis of Shaanxi Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shaanxi 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 | (0.02) | |||
Jensen Alpha | (0.08) | |||
Total Risk Alpha | (0.32) | |||
Treynor Ratio | 0.5522 |
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Complementary Tools for Shaanxi Stock analysis
When running Shaanxi Lighte's price analysis, check to measure Shaanxi Lighte'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 Shaanxi Lighte is operating at the current time. Most of Shaanxi Lighte's value examination focuses on studying past and present price action to predict the probability of Shaanxi Lighte's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shaanxi Lighte's price. Additionally, you may evaluate how the addition of Shaanxi Lighte to your portfolios can decrease your overall portfolio volatility.
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