Shineco Stock Price on June 21, 2024
SISI Stock | USD 2.36 0.11 4.45% |
If you're considering investing in Shineco Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shineco stands at 2.36, as last reported on the 3rd of December, with the highest price reaching 2.50 and the lowest price hitting 2.33 during the day. Shineco owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.23, which indicates the firm had a -0.23% return per unit of risk over the last 3 months. Shineco exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shineco's Risk Adjusted Performance of (0.16), coefficient of variation of (443.60), and Variance of 79.28 to confirm the risk estimate we provide.
Shineco Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shineco |
Sharpe Ratio = -0.2254
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Estimated Market Risk
8.9 actual daily | 79 79% of assets are less volatile |
Expected Return
-2.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.23 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Shineco 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 Shineco by adding Shineco to a well-diversified portfolio.
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Shineco Valuation on June 21, 2024
It is possible to determine the worth of Shineco on a given historical date. On June 21, 2024 Shineco was worth 75.36 at the beginning of the trading date compared to the closed value of 81.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shineco stock. Still, in general, we apply an absolute valuation method to find Shineco'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 Shineco where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shineco's related companies.
Open | High | Low | Close | Volume | |
75.12 | 82.75 | 69.84 | 81.36 | 16,625 | |
06/21/2024 | 75.36 | 93.60 | 68.40 | 81.36 | 18,990 |
78.96 | 98.40 | 67.20 | 98.40 | 27,822 |
Backtest Shineco | | | Shineco History | | | Shineco Valuation | Previous | Next |
Shineco Trading Date Momentum on June 21, 2024
On June 24 2024 Shineco was traded for 98.40 at the closing time. The top price for the day was 98.40 and the lowest listed price was 67.20 . The trading volume for the day was 27.8 K. The trading history from June 24, 2024 was a factor to the next trading day price growth. The trading price change against the next closing price was 20.94% . The trading price change against the current closing price is 22.42% . |
Shineco Fundamentals Correlations and Trends
By evaluating Shineco'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 Shineco's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shineco financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shineco Stock history
Shineco 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 Shineco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shineco 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 Shineco stock prices may prove useful in developing a viable investing in Shineco
Shineco, Inc., through its subsidiaries, produces, distributes, and sells health and well-being focused plant-based products in China. The company was incorporated in 1997 and is headquartered in Beijing, China. Shineco operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on NASDAQ Exchange. It employs 74 people.
Shineco Stock Technical Analysis
Shineco 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
Shineco Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Shineco cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Shineco December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Shineco stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shineco shares will generate the highest return on investment. By undertsting and applying Shineco stock market strength indicators, traders can identify Shineco entry and exit signals to maximize returns
Shineco Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shineco's price direction in advance. Along with the technical and fundamental analysis of Shineco Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shineco 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 | (0.16) | |||
Jensen Alpha | (2.07) | |||
Total Risk Alpha | (3.35) | |||
Treynor Ratio | (4.24) |
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Price Transform | ||
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Volume Indicators |
Complementary Tools for Shineco Stock analysis
When running Shineco's price analysis, check to measure Shineco'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 Shineco is operating at the current time. Most of Shineco's value examination focuses on studying past and present price action to predict the probability of Shineco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shineco's price. Additionally, you may evaluate how the addition of Shineco to your portfolios can decrease your overall portfolio volatility.
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