Sinocat Environmental (China) Price on November 8, 2023
| 688737 Stock | 19.85 1.19 6.38% |
If you're considering investing in Sinocat Stock, it is important to understand the factors that can impact its price. As of today, the current price of Sinocat Environmental stands at 19.85, as last reported on the 29th of November, with the highest price reaching 20.31 and the lowest price hitting 18.28 during the day. Sinocat Environmental appears to be somewhat reliable, given 3 months investment horizon. Sinocat Environmental owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting Sinocat Environmental's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please review Sinocat Environmental's Coefficient Of Variation of 593.49, semi deviation of 3.32, and Risk Adjusted Performance of 0.137 to confirm if our risk estimates are consistent with your expectations.
Sinocat Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Sinocat |
Sharpe Ratio = 0.1685
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 688737 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.21 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.71 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Sinocat Environmental is performing at about 13% 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 Sinocat Environmental by adding it to a well-diversified portfolio.
Sinocat Environmental Valuation on November 8, 2023
It is possible to determine the worth of Sinocat Environmental on a given historical date. On November 8, 2023 Sinocat was worth 37.39 at the beginning of the trading date compared to the closed value of 36.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sinocat Environmental stock. Still, in general, we apply an absolute valuation method to find Sinocat Environmental'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 Sinocat Environmental where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sinocat Environmental's related companies.
| Open | High | Low | Close | Volume | |
| 36.05 | 37.58 | 35.73 | 37.41 | 829,019 | |
11/08/2023 | 37.39 | 37.69 | 36.39 | 36.50 | 1,109,650 |
| 36.49 | 36.64 | 35.80 | 36.10 | 827,546 |
| Backtest Sinocat Environmental | | | Sinocat Environmental History | | | Sinocat Environmental Valuation | Previous | Next |
Sinocat Environmental Trading Date Momentum on November 8, 2023
| On November 09 2023 Sinocat Environmental Technology was traded for 36.10 at the closing time. The highest price during the trading period was 36.64 and the lowest recorded bid was listed for 35.80 . The volume for the day was 827.5 K. This history from November 9, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 1.10% . The trading price change to the current price is 8.22% . |
Sinocat Environmental Fundamentals Correlations and Trends
By evaluating Sinocat Environmental'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 Sinocat Environmental's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sinocat financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sinocat Environmental Stock history
Sinocat Environmental 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 Sinocat is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sinocat Environmental 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 Sinocat Environmental stock prices may prove useful in developing a viable investing in Sinocat Environmental
Sinocat Environmental Stock Technical Analysis
Sinocat Environmental 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
Sinocat Environmental Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Sinocat Environmental 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.
Sinocat Environmental November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Sinocat Environmental stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sinocat Environmental shares will generate the highest return on investment. By undertsting and applying Sinocat Environmental stock market strength indicators, traders can identify Sinocat Environmental Technology entry and exit signals to maximize returns
Sinocat Environmental Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sinocat Environmental's price direction in advance. Along with the technical and fundamental analysis of Sinocat Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sinocat 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 | 0.137 | |||
| Jensen Alpha | 0.8031 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.14 | |||
| Treynor Ratio | (0.87) |
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Complementary Tools for Sinocat Stock analysis
When running Sinocat Environmental's price analysis, check to measure Sinocat Environmental'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 Sinocat Environmental is operating at the current time. Most of Sinocat Environmental's value examination focuses on studying past and present price action to predict the probability of Sinocat Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sinocat Environmental's price. Additionally, you may evaluate how the addition of Sinocat Environmental to your portfolios can decrease your overall portfolio volatility.
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