Shineco Stock Price on December 9, 2024
If you're considering investing in Shineco Stock, it is important to understand the factors that can impact its price. 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 fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shineco's Coefficient Of Variation of (434.96), variance of 65.72, and Risk Adjusted Performance of (0.16) 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 = -0.2299
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Estimated Market Risk
8.11 actual daily | 72 72% of assets are less volatile |
Expected Return
-1.86 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.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Shineco Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
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Shineco December 13, 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 | (2.21) | |||
Total Risk Alpha | (2.88) | |||
Treynor Ratio | (0.50) |
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Pattern Recognition | ||
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Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Other Tools for Shineco Stock
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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