China Hongqiao Group Stock Price on August 19, 2024
| CHHQY Stock | USD 13.26 0.00 0.00% |
If you're considering investing in China Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of China Hongqiao stands at 13.26, as last reported on the 1st of December, with the highest price reaching 13.26 and the lowest price hitting 13.26 during the day. At this stage we consider China Pink Sheet to be very steady. China Hongqiao Group secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for China Hongqiao Group, which you can use to evaluate the volatility of the firm. Please confirm China Hongqiao's Standard Deviation of 0.7484, mean deviation of 0.1815, and Risk Adjusted Performance of 0.0939 to double-check if the risk estimate we provide is consistent with the expected return of 0.095%.
China Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
China |
Sharpe Ratio = 0.125
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Estimated Market Risk
| 0.76 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average China Hongqiao is performing at about 9% 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 China Hongqiao by adding it to a well-diversified portfolio.
China Hongqiao Valuation on August 19, 2024
It is possible to determine the worth of China Hongqiao on a given historical date. On August 19, 2024 China was worth 12.52 at the beginning of the trading date compared to the closed value of 12.52. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of China Hongqiao pink sheet. Still, in general, we apply an absolute valuation method to find China Hongqiao'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 China Hongqiao where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against China Hongqiao's related companies.
| Open | High | Low | Close | Volume | |
| 12.36 | 12.39 | 12.33 | 12.39 | 1,400 | |
08/19/2024 | 12.52 | 12.52 | 12.52 | 12.52 | 900.00 |
| 12.52 | 12.52 | 12.52 | 12.52 | 1.00 |
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China Hongqiao Trading Date Momentum on August 19, 2024
| On August 20 2024 China Hongqiao Group was traded for 12.52 at the closing time. The highest daily price throughout the period was 12.52 and the lowest price was 12.52 . There was no trading activity during the period 1.0. Lack of trading volume on 08/20/2024 did not affect price variability. The overall trading delta to current closing price is 0.16% . |
China Hongqiao Group Fundamentals Correlations and Trends
By evaluating China Hongqiao'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 China Hongqiao's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. China financial account trend analysis is a perfect complement when working with valuation or volatility modules.About China Hongqiao Pink Sheet history
China Hongqiao 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 China is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in China Hongqiao Group 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 China Hongqiao stock prices may prove useful in developing a viable investing in China Hongqiao
China Hongqiao Group Limited, an investment holding company, manufactures and sells aluminum products in the Peoples Republic of China and Indonesia. China Hongqiao Group Limited is a subsidiary of China Hongqiao Holdings Limited. China Hongqiao operates under Aluminum classification in the United States and is traded on OTC Exchange. It employs 45438 people.
China Hongqiao Pink Sheet Technical Analysis
China Hongqiao technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
China Hongqiao Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
China Hongqiao Group cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
China Hongqiao December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how China Hongqiao pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading China Hongqiao shares will generate the highest return on investment. By undertsting and applying China Hongqiao pink sheet market strength indicators, traders can identify China Hongqiao Group entry and exit signals to maximize returns
China Hongqiao Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for China Hongqiao's price direction in advance. Along with the technical and fundamental analysis of China Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of China 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 | 0.0939 | |||
| Jensen Alpha | 0.0992 | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.61) |
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| Volume Indicators |
Additional Tools for China Pink Sheet Analysis
When running China Hongqiao's price analysis, check to measure China Hongqiao'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 China Hongqiao is operating at the current time. Most of China Hongqiao's value examination focuses on studying past and present price action to predict the probability of China Hongqiao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Hongqiao's price. Additionally, you may evaluate how the addition of China Hongqiao to your portfolios can decrease your overall portfolio volatility.