Jinhui Shipping (Norway) Price on May 31, 2024
| JIN Stock | NOK 6.62 0.12 1.78% |
If you're considering investing in Jinhui Stock, it is important to understand the factors that can impact its price. As of today, the current price of Jinhui Shipping stands at 6.62, as last reported on the 27th of November, with the highest price reaching 6.80 and the lowest price hitting 6.50 during the day. As of now, Jinhui Stock is slightly risky. Jinhui Shipping holds Efficiency (Sharpe) Ratio of 0.011, which attests that the entity had a 0.011% return per unit of risk over the last 3 months. We have found thirty technical indicators for Jinhui Shipping, which you can use to evaluate the volatility of the firm. Please check out Jinhui Shipping's Risk Adjusted Performance of 0.0389, market risk adjusted performance of (0.24), and Downside Deviation of 2.77 to validate if the risk estimate we provide is consistent with the expected return of 0.0285%.
Jinhui Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Jinhui |
Sharpe Ratio = 0.011
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Estimated Market Risk
| 2.59 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.03 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 Jinhui Shipping 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 Jinhui Shipping by adding Jinhui Shipping to a well-diversified portfolio.
Jinhui Shipping Valuation on May 31, 2024
It is possible to determine the worth of Jinhui Shipping on a given historical date. On May 31, 2024 Jinhui was worth 6.84 at the beginning of the trading date compared to the closed value of 7.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Jinhui Shipping stock. Still, in general, we apply an absolute valuation method to find Jinhui Shipping'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 Jinhui Shipping where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Jinhui Shipping's related companies.
| Open | High | Low | Close | Volume | |
| 6.76 | 6.76 | 6.26 | 6.60 | 47,302 | |
05/31/2024 | 6.84 | 7.50 | 6.78 | 7.40 | 580,401 |
| 7.20 | 7.40 | 7.10 | 7.36 | 268,593 |
| Backtest Jinhui Shipping | | | Jinhui Shipping History | | | Jinhui Shipping Valuation | Previous | Next |
Jinhui Shipping Trading Date Momentum on May 31, 2024
| On June 03 2024 Jinhui Shipping and was traded for 7.36 at the closing time. The maximum traded price for the trading interval was 7.40 and the lowest daily price was 7.10 . The daily volume was recorded at 268.6 K. The volume of trading on 3rd of June 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.54% . The trading delta at closing time to the closing price today is 5.41% . |
Jinhui Shipping Fundamentals Correlations and Trends
By evaluating Jinhui Shipping'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 Jinhui Shipping's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Jinhui financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Jinhui Shipping Stock history
Jinhui Shipping 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 Jinhui is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Jinhui Shipping 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 Jinhui Shipping stock prices may prove useful in developing a viable investing in Jinhui Shipping
Jinhui Shipping and Transportation Limited, an investment holding company, engages in ship chartering and owning activities worldwide. Jinhui Shipping and Transportation Limited is a subsidiary of Jinhui Holdings Company Limited. JINHUI SHIPPING operates under Marine Shipping classification in Norway and is traded on Oslo Stock Exchange. It employs 67 people.
Jinhui Shipping Stock Technical Analysis
Jinhui Shipping 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
Jinhui Shipping Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Jinhui Shipping and cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo Stock 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.
Jinhui Shipping November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Jinhui Shipping stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Jinhui Shipping shares will generate the highest return on investment. By undertsting and applying Jinhui Shipping stock market strength indicators, traders can identify Jinhui Shipping and entry and exit signals to maximize returns
Jinhui Shipping Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Jinhui Shipping's price direction in advance. Along with the technical and fundamental analysis of Jinhui Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Jinhui 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 | 0.0389 | |||
| Jensen Alpha | 0.1468 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.25) |
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| Volume Indicators |
Other Information on Investing in Jinhui Stock
Jinhui Shipping financial ratios help investors to determine whether Jinhui Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Jinhui with respect to the benefits of owning Jinhui Shipping security.