Addentax Group Corp Stock Price on May 21, 2024
| ATXG Stock | USD 0.56 0.02 3.70% |
Below is the normalized historical share price chart for Addentax Group Corp extending back to December 12, 2016. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Addentax Group stands at 0.56, as last reported on the 29th of November, with the highest price reaching 0.59 and the lowest price hitting 0.56 during the day.
If you're considering investing in Addentax Stock, it is important to understand the factors that can impact its price. Addentax Group appears to be out of control, given 3 months investment horizon. Addentax Group Corp secures Sharpe Ratio (or Efficiency) of 0.0528, which signifies that the company had a 0.0528% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for Addentax Group Corp, which you can use to evaluate the volatility of the firm. Please makes use of Addentax Group's mean deviation of 4.18, and Risk Adjusted Performance of 3.0E-4 to double-check if our risk estimates are consistent with your expectations.
The current Total Stockholder Equity is estimated to decrease to about 86 K. Common Stock Total Equity is expected to grow at the current pace this year. At this time, Addentax Group's Price Fair Value is most likely to decrease significantly in the upcoming years. Addentax Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 12th of December 2016 | 200 Day MA 0.8068 | 50 Day MA 0.6385 | Beta (29.15) |
Addentax |
Sharpe Ratio = 0.0528
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Estimated Market Risk
| 5.89 actual daily | 52 52% of assets are less volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Addentax Group is performing at about 4% 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 Addentax Group by adding it to a well-diversified portfolio.
Price Book 0.1317 | Enterprise Value Ebitda 3.6478 | Price Sales 0.659 | Shares Float 4.4 M | Earnings Share (0.70) |
Addentax Group Valuation on May 21, 2024
It is possible to determine the worth of Addentax Group on a given historical date. On May 21, 2024 Addentax was worth 1.03 at the beginning of the trading date compared to the closed value of 1.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Addentax Group stock. Still, in general, we apply an absolute valuation method to find Addentax Group'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 Addentax Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Addentax Group's related companies.
| Open | High | Low | Close | Volume | |
| 1.12 | 1.14 | 1.02 | 1.03 | 28,119 | |
05/21/2024 | 1.03 | 1.09 | 0.97 | 1.02 | 36,838 |
| 0.99 | 1.09 | 0.99 | 1.00 | 24,892 |
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Addentax Group Trading Date Momentum on May 21, 2024
| On May 22 2024 Addentax Group Corp was traded for 1.00 at the closing time. The top price for the day was 1.09 and the lowest listed price was 0.99 . The trading volume for the day was 24.9 K. The trading history from May 22, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.96% . The overall trading delta against the current closing price is 1.96% . |
Addentax Group Corp Fundamentals Correlations and Trends
By evaluating Addentax Group'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 Addentax Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Addentax financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Addentax Group Stock history
Addentax Group 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 Addentax is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Addentax Group 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 Addentax Group stock prices may prove useful in developing a viable investing in Addentax Group
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 4.4 M | 2.6 M | |
| Net Income Applicable To Common Shares | 50.6 K | 53.2 K |
Addentax Group Stock Technical Analysis
Addentax Group 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
Addentax Group Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Addentax Group Corp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Addentax Group November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Addentax Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Addentax Group shares will generate the highest return on investment. By undertsting and applying Addentax Group stock market strength indicators, traders can identify Addentax Group Corp entry and exit signals to maximize returns
Addentax Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Addentax Group's price direction in advance. Along with the technical and fundamental analysis of Addentax Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Addentax 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 | 3.0E-4 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | (0.19) |
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Complementary Tools for Addentax Stock analysis
When running Addentax Group's price analysis, check to measure Addentax Group'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 Addentax Group is operating at the current time. Most of Addentax Group's value examination focuses on studying past and present price action to predict the probability of Addentax Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addentax Group's price. Additionally, you may evaluate how the addition of Addentax Group to your portfolios can decrease your overall portfolio volatility.
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