China New Energy Stock Price on November 22, 2024
| CNER Stock | USD 0.01 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 New stands at 0.01, as last reported on the 30th of November, with the highest price reaching 0.01 and the lowest price hitting 0.01 during the day. China New is out of control given 3 months investment horizon. China New Energy secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We were able to analyze and collect data for nineteen different technical indicators, which can help you to evaluate if expected returns of 8.4% are justified by taking the suggested risk. Use China New Risk Adjusted Performance of 0.1011, mean deviation of 21.41, and Standard Deviation of 67.31 to evaluate company specific risk that cannot be diversified away.
China Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
China |
Sharpe Ratio = 0.122
| Best Portfolio | Best Equity | CNER | ||
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Estimated Market Risk
| 68.88 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average China New 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 New by adding it to a well-diversified portfolio.
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China New Valuation on November 22, 2024
It is possible to determine the worth of China New on a given historical date. On November 22, 2024 China was worth 0.008 at the beginning of the trading date compared to the closed value of 0.008. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of China New pink sheet. Still, in general, we apply an absolute valuation method to find China New'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 New where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against China New's related companies.
| Open | High | Low | Close | Volume | |
| 0.01 | 0.01 | 0.01 | 0.01 | 1.00 | |
11/22/2024 | 0.01 | 0.01 | 0.01 | 0.01 | 1.00 |
| 0.01 | 0.01 | 0.01 | 0.01 | 1.00 |
| Backtest China New | | | China New History | | | China New Valuation | Previous | Next |
China New Trading Date Momentum on November 22, 2024
| On November 25 2024 China New Energy was traded for 0.01 at the closing time. The top price for the day was 0.01 and the lowest listed price was 0.01 . There was no trading activity during the period 1.0. Lack of trading volume on November 25, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.00% . |
China New Energy Fundamentals Correlations and Trends
By evaluating China New'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 New'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 New Pink Sheet history
China New 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 New Energy 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 New stock prices may prove useful in developing a viable investing in China New
China New Energy Group Company, a natural gas company, engages in the development, construction, and operation of natural gas distribution networks. Its distribution networks provide natural gas to an aggregate of approximately 64,000 consumers. China New operates under Shell Companies classification in the United States and is traded on OTC Exchange. It employs 130 people.
China New Pink Sheet Technical Analysis
China New 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 New Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
China New Energy 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 New November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how China New 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 New shares will generate the highest return on investment. By undertsting and applying China New pink sheet market strength indicators, traders can identify China New Energy entry and exit signals to maximize returns
China New Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for China New'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 | 0.1011 | |||
| Jensen Alpha | 8.89 | |||
| Total Risk Alpha | (3.21) | |||
| Treynor Ratio | (1.18) |
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Additional Tools for China Pink Sheet Analysis
When running China New's price analysis, check to measure China New'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 New is operating at the current time. Most of China New's value examination focuses on studying past and present price action to predict the probability of China New'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 New's price. Additionally, you may evaluate how the addition of China New to your portfolios can decrease your overall portfolio volatility.