IND+COMMBK CHINA (Germany) Price on November 28, 2024
| ICKB Stock | EUR 10.70 0.10 0.93% |
If you're considering investing in IND+COMMBK Stock, it is important to understand the factors that can impact its price. As of today, the current price of IND+COMMBK CHINA stands at 10.70, as last reported on the 2nd of December, with the highest price reaching 10.70 and the lowest price hitting 10.70 during the day. IND+COMMBK CHINA appears to be somewhat reliable, given 3 months investment horizon. INDCOMMBK CHINA ADR20 holds Efficiency (Sharpe) Ratio of 0.0843, which attests that the entity had a 0.0843% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for INDCOMMBK CHINA ADR20, which you can use to evaluate the volatility of the firm. Please utilize IND+COMMBK CHINA's Semi Deviation of 1.69, risk adjusted performance of 0.0714, and Market Risk Adjusted Performance of (0.42) to validate if our risk estimates are consistent with your expectations.
IND+COMMBK Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IND+COMMBK |
Sharpe Ratio = 0.0843
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Estimated Market Risk
| 2.54 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average IND+COMMBK CHINA is performing at about 6% 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 IND+COMMBK CHINA by adding it to a well-diversified portfolio.
IND+COMMBK CHINA Valuation on November 28, 2024
It is possible to determine the worth of IND+COMMBK CHINA on a given historical date. On November 28, 2024 IND+COMMBK was worth 10.8 at the beginning of the trading date compared to the closed value of 10.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IND+COMMBK CHINA stock. Still, in general, we apply an absolute valuation method to find IND+COMMBK CHINA'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 IND+COMMBK CHINA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IND+COMMBK CHINA's related companies.
| Open | High | Low | Close | Volume | |
| 11.00 | 11.00 | 11.00 | 11.00 | 1.00 | |
11/28/2024 | 10.80 | 10.80 | 10.80 | 10.80 | 1.00 |
| 10.70 | 10.70 | 10.70 | 10.70 | 1.00 |
| Backtest IND+COMMBK CHINA | | | IND+COMMBK CHINA History | | | IND+COMMBK CHINA Valuation | Previous | Next |
IND+COMMBK CHINA Trading Date Momentum on November 28, 2024
| On November 29 2024 INDCOMMBK CHINA ADR20 was traded for 10.70 at the closing time. The maximum traded price for the trading interval was 10.70 and the lowest daily price was 10.70 . There was no trading activity during the period 1.0. Lack of trading volume on 29th of November 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.93% . The trading delta at closing time to the closing price today is 0.93% . |
INDCOMMBK CHINA ADR20 Fundamentals Correlations and Trends
By evaluating IND+COMMBK CHINA'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 IND+COMMBK CHINA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. IND+COMMBK financial account trend analysis is a perfect complement when working with valuation or volatility modules.About IND+COMMBK CHINA Stock history
IND+COMMBK CHINA 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 IND+COMMBK is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in INDCOMMBK CHINA ADR20 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 IND+COMMBK CHINA stock prices may prove useful in developing a viable investing in IND+COMMBK CHINA
Industrial and Commercial Bank of China Limited provides various banking products and services in China and internationally. Industrial and Commercial Bank of China Limited was founded in 1984 and is headquartered in Beijing, the Peoples Republic of China. IND COMM operates under BanksDiversified classification in Germany and is traded on Frankfurt Stock Exchange. It employs 439787 people.
IND+COMMBK CHINA Stock Technical Analysis
IND+COMMBK CHINA 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
IND+COMMBK CHINA Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
INDCOMMBK CHINA ADR20 cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
IND+COMMBK CHINA December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how IND+COMMBK CHINA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IND+COMMBK CHINA shares will generate the highest return on investment. By undertsting and applying IND+COMMBK CHINA stock market strength indicators, traders can identify INDCOMMBK CHINA ADR20 entry and exit signals to maximize returns
IND+COMMBK CHINA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IND+COMMBK CHINA's price direction in advance. Along with the technical and fundamental analysis of IND+COMMBK Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of IND+COMMBK 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 | 0.0714 | |||
| Jensen Alpha | 0.2643 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0373 | |||
| Treynor Ratio | (0.43) |
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| Math Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for IND+COMMBK Stock analysis
When running IND+COMMBK CHINA's price analysis, check to measure IND+COMMBK CHINA'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 IND+COMMBK CHINA is operating at the current time. Most of IND+COMMBK CHINA's value examination focuses on studying past and present price action to predict the probability of IND+COMMBK CHINA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IND+COMMBK CHINA's price. Additionally, you may evaluate how the addition of IND+COMMBK CHINA to your portfolios can decrease your overall portfolio volatility.
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