Qingdao NovelBeam (China) Price on September 6, 2024
| 688677 Stock | 36.30 0.04 0.11% |
If you're considering investing in Qingdao Stock, it is important to understand the factors that can impact its price. As of today, the current price of Qingdao NovelBeam stands at 36.30, as last reported on the 30th of November, with the highest price reaching 37.45 and the lowest price hitting 36.06 during the day. Qingdao NovelBeam appears to be not too volatile, given 3 months investment horizon. Qingdao NovelBeam maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Qingdao NovelBeam's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please evaluate Qingdao NovelBeam's Coefficient Of Variation of 829.21, semi deviation of 3.1, and Risk Adjusted Performance of 0.1001 to confirm if our risk estimates are consistent with your expectations.
At present, Qingdao NovelBeam's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 825.9 M, whereas Total Stockholder Equity is forecasted to decline to about 716 M. . Qingdao Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Qingdao |
Sharpe Ratio = 0.1444
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 688677 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.87 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Qingdao NovelBeam 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 Qingdao NovelBeam by adding it to a well-diversified portfolio.
Price Book 3.4161 | Enterprise Value Ebitda 28.2146 | Price Sales 10.6123 | Shares Float 61.4 M | Dividend Share 0.55 |
Qingdao NovelBeam Valuation on September 6, 2024
It is possible to determine the worth of Qingdao NovelBeam on a given historical date. On September 6, 2024 Qingdao was worth 28.66 at the beginning of the trading date compared to the closed value of 27.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Qingdao NovelBeam stock. Still, in general, we apply an absolute valuation method to find Qingdao NovelBeam'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 Qingdao NovelBeam where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Qingdao NovelBeam's related companies.
| Open | High | Low | Close | Volume | |
| 28.66 | 29.19 | 28.30 | 28.63 | 983,127 | |
09/06/2024 | 28.66 | 28.80 | 27.32 | 27.40 | 735,030 |
| 27.39 | 27.93 | 27.10 | 27.25 | 634,928 |
| Backtest Qingdao NovelBeam | | | Qingdao NovelBeam History | | | Qingdao NovelBeam Valuation | Previous | Next |
Qingdao NovelBeam Trading Date Momentum on September 6, 2024
| On September 09 2024 Qingdao NovelBeam Technology was traded for 27.25 at the closing time. The highest price during the trading period was 27.93 and the lowest recorded bid was listed for 27.10 . The volume for the day was 634.9 K. This history from September 9, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.55% . The trading delta at closing time to the current price is 5.91% . |
Qingdao NovelBeam Fundamentals Correlations and Trends
By evaluating Qingdao NovelBeam'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 Qingdao NovelBeam's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Qingdao financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Qingdao NovelBeam Stock history
Qingdao NovelBeam 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 Qingdao is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Qingdao NovelBeam 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 Qingdao NovelBeam stock prices may prove useful in developing a viable investing in Qingdao NovelBeam
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 121.6 M | 88.2 M |
Qingdao NovelBeam Quarterly Net Working Capital |
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Qingdao NovelBeam Stock Technical Analysis
Qingdao NovelBeam 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
Qingdao NovelBeam Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Qingdao NovelBeam Technology 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.
Qingdao NovelBeam November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Qingdao NovelBeam stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Qingdao NovelBeam shares will generate the highest return on investment. By undertsting and applying Qingdao NovelBeam stock market strength indicators, traders can identify Qingdao NovelBeam Technology entry and exit signals to maximize returns
Qingdao NovelBeam Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Qingdao NovelBeam's price direction in advance. Along with the technical and fundamental analysis of Qingdao Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Qingdao 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 | 0.1001 | |||
| Jensen Alpha | 0.51 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0914 | |||
| Treynor Ratio | (0.83) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Qingdao Stock analysis
When running Qingdao NovelBeam's price analysis, check to measure Qingdao NovelBeam'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 Qingdao NovelBeam is operating at the current time. Most of Qingdao NovelBeam's value examination focuses on studying past and present price action to predict the probability of Qingdao NovelBeam's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qingdao NovelBeam's price. Additionally, you may evaluate how the addition of Qingdao NovelBeam to your portfolios can decrease your overall portfolio volatility.
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