Industrial Commercial Bank Stock Price on July 18, 2023

IDCBY Stock  USD 11.71  0.12  1.01%   
If you're considering investing in Industrial Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Industrial Commercial stands at 11.71, as last reported on the 26th of November, with the highest price reaching 11.74 and the lowest price hitting 11.70 during the day. Industrial Commercial holds Efficiency (Sharpe) Ratio of -0.0055, which attests that the entity had a -0.0055% return per unit of risk over the last 3 months. Industrial Commercial exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Industrial Commercial's Standard Deviation of 2.4, risk adjusted performance of 0.006, and Market Risk Adjusted Performance of (0.08) to validate the risk estimate we provide.
  
Industrial Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0055

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Estimated Market Risk

 2.43
  actual daily
21
79% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Industrial Commercial 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 Industrial Commercial by adding Industrial Commercial to a well-diversified portfolio.

Industrial Commercial Valuation on July 18, 2023

It is possible to determine the worth of Industrial Commercial on a given historical date. On July 18, 2023 Industrial was worth 8.47 at the beginning of the trading date compared to the closed value of 8.47. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Industrial Commercial pink sheet. Still, in general, we apply an absolute valuation method to find Industrial Commercial'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 Industrial Commercial where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Industrial Commercial's related companies.
 Open High Low Close Volume
  8.65    8.65    8.65    8.65    90,328  
07/18/2023
  8.47    8.47    8.47    8.47    158,208  
  8.49    8.49    8.49    8.49    92,018  
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Open Value
8.47
8.47
Closing Value
15.75
Upside

Industrial Commercial Trading Date Momentum on July 18, 2023

On July 19 2023 Industrial Commercial Bank was traded for  8.49  at the closing time. The highest daily price throughout the period was 8.49  and the lowest price was  8.49 . The daily volume was 92 K. The net trading volume on 07/19/2023 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.24% . The trading delta at closing time to current closing price is 4.60% .

Industrial Commercial Fundamentals Correlations and Trends

By evaluating Industrial Commercial'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 Industrial Commercial's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Industrial financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Industrial Commercial Pink Sheet history

Industrial Commercial 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 Industrial is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Industrial Commercial 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 Industrial Commercial stock prices may prove useful in developing a viable investing in Industrial Commercial
Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the Peoples Republic of China and internationally. The company was founded in 1984 and is based in Beijing, the Peoples Republic of China. Industrial operates under BanksDiversified classification in the United States and is traded on OTC Exchange. It employs 425000 people.

Industrial Commercial Pink Sheet Technical Analysis

Industrial Commercial 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.
A focus of Industrial Commercial technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Industrial Commercial trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Industrial Commercial Period Price Range

Low
November 26, 2024
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High

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Industrial Commercial Bank 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.

Industrial Commercial November 26, 2024 Market Strength

Market strength indicators help investors to evaluate how Industrial Commercial 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 Industrial Commercial shares will generate the highest return on investment. By undertsting and applying Industrial Commercial pink sheet market strength indicators, traders can identify Industrial Commercial Bank entry and exit signals to maximize returns

Industrial Commercial Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Industrial Commercial's price direction in advance. Along with the technical and fundamental analysis of Industrial Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Industrial 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.

Additional Tools for Industrial Pink Sheet Analysis

When running Industrial Commercial's price analysis, check to measure Industrial Commercial'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 Industrial Commercial is operating at the current time. Most of Industrial Commercial's value examination focuses on studying past and present price action to predict the probability of Industrial Commercial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Industrial Commercial's price. Additionally, you may evaluate how the addition of Industrial Commercial to your portfolios can decrease your overall portfolio volatility.