Guoguang Electric (China) Price on December 12, 2024
688776 Stock | 44.87 0.84 1.84% |
If you're considering investing in Guoguang Stock, it is important to understand the factors that can impact its price. As of today, the current price of Guoguang Electric stands at 44.87, as last reported on the 5th of January, with the highest price reaching 47.00 and the lowest price hitting 44.61 during the day. Guoguang Electric holds Efficiency (Sharpe) Ratio of -0.0807, which attests that the entity had a -0.0807% return per unit of risk over the last 3 months. Guoguang Electric exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guoguang Electric's Risk Adjusted Performance of (0.06), standard deviation of 4.63, and Market Risk Adjusted Performance of (2.60) to validate the risk estimate we provide.
Guoguang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Guoguang |
Sharpe Ratio = -0.0807
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Negative Returns | 688776 |
Estimated Market Risk
4.63 actual daily | 41 59% of assets are more volatile |
Expected Return
-0.37 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Guoguang Electric 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 Guoguang Electric by adding Guoguang Electric to a well-diversified portfolio.
Guoguang Electric Valuation on December 12, 2024
It is possible to determine the worth of Guoguang Electric on a given historical date. On December 12, 2024 Guoguang was worth 60.52 at the beginning of the trading date compared to the closed value of 60.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Guoguang Electric stock. Still, in general, we apply an absolute valuation method to find Guoguang Electric'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 Guoguang Electric where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Guoguang Electric's related companies.
Open | High | Low | Close | Volume | |
59.62 | 61.02 | 58.87 | 60.52 | 1,146,353 | |
12/12/2024 | 60.52 | 62.68 | 59.18 | 60.07 | 1,466,832 |
59.72 | 59.73 | 56.10 | 57.07 | 2,450,270 |
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Guoguang Electric Trading Date Momentum on December 12, 2024
On December 13 2024 Guoguang Electric Co was traded for 57.07 at the closing time. The highest price during the trading period was 59.73 and the lowest recorded bid was listed for 56.10 . The volume for the day was 2.5 M. This history from December 13, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 4.99% . The overall trading delta to the current price is 7.34% . |
Guoguang Electric Fundamentals Correlations and Trends
By evaluating Guoguang Electric'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 Guoguang Electric's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Guoguang financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Guoguang Electric Stock history
Guoguang Electric 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 Guoguang is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Guoguang Electric 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 Guoguang Electric stock prices may prove useful in developing a viable investing in Guoguang Electric
Guoguang Electric Stock Technical Analysis
Guoguang Electric 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
Guoguang Electric Period Price Range
Low | January 5, 2025
| High |
0.00 | 0.00 |
Guoguang Electric Co 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.
Guoguang Electric January 5, 2025 Market Strength
Market strength indicators help investors to evaluate how Guoguang Electric stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Guoguang Electric shares will generate the highest return on investment. By undertsting and applying Guoguang Electric stock market strength indicators, traders can identify Guoguang Electric Co entry and exit signals to maximize returns
Guoguang Electric Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Guoguang Electric's price direction in advance. Along with the technical and fundamental analysis of Guoguang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Guoguang 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 | (0.06) | |||
Jensen Alpha | (0.39) | |||
Total Risk Alpha | (0.45) | |||
Treynor Ratio | (2.61) |
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Pattern Recognition | ||
Price Transform | ||
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Volume Indicators |
Complementary Tools for Guoguang Stock analysis
When running Guoguang Electric's price analysis, check to measure Guoguang Electric'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 Guoguang Electric is operating at the current time. Most of Guoguang Electric's value examination focuses on studying past and present price action to predict the probability of Guoguang Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Guoguang Electric's price. Additionally, you may evaluate how the addition of Guoguang Electric to your portfolios can decrease your overall portfolio volatility.
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