Sobute New (China) Price History
| 603916 Stock | 8.59 0.09 1.06% |
Below is the normalized historical share price chart for Sobute New Materials extending back to November 10, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Sobute New stands at 8.59, as last reported on the 13th of December 2024, with the highest price reaching 8.60 and the lowest price hitting 8.43 during the day.
If you're considering investing in Sobute Stock, it is important to understand the factors that can impact its price. Sobute New appears to be somewhat reliable, given 3 months investment horizon. Sobute New Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. By inspecting Sobute New's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please review Sobute New's Coefficient Of Variation of 741.65, semi deviation of 2.38, and Risk Adjusted Performance of 0.105 to confirm if our risk estimates are consistent with your expectations.
At present, Sobute New's Other Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Shares Outstanding is expected to grow to about 438.4 M, whereas Total Stockholder Equity is forecasted to decline to about 2.4 B. . Sobute Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 7.7334 | 50 Day MA 8.1542 | Beta 0.585 |
Sobute |
Sharpe Ratio = 0.2133
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 603916 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.52 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Sobute New is performing at about 16% 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 Sobute New by adding it to a well-diversified portfolio.
Price Book 0.8752 | Enterprise Value Ebitda 22.5119 | Price Sales 1.0382 | Shares Float 198.5 M | Wall Street Target Price 8.55 |
Sobute New Stock Price History Chart
There are several ways to analyze Sobute Stock price data. The simplest method is using a basic Sobute candlestick price chart, which shows Sobute New price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
| Highest Price | November 7, 2024 | 8.68 |
| Lowest Price | September 13, 2024 | 6.42 |
Sobute New December 13, 2024 Stock Price Synopsis
Various analyses of Sobute New's daily price changes, such as its Balance Of Power or Price Action, are crucial when deciding whether to buy, hold, or sell Sobute Stock. It can be used to describe the percentage change in the price of Sobute New from one trading day to the next and could be a valuable metric for traders and investors to gauge the volatility and momentum of Sobute Stock.| Sobute New Accumulation Distribution | 106,896 | |
| Sobute New Price Rate Of Daily Change | 1.01 | |
| Sobute New Price Action Indicator | 0.12 | |
| Sobute New Price Daily Balance Of Power | 0.53 |
Sobute New December 13, 2024 Stock Price Analysis
Sobute Stock Price History Data
The price series of Sobute New for the period between Sat, Sep 14, 2024 and Fri, Dec 13, 2024 has a statistical range of 2.26 with a coefficient of variation of 8.68. The prices are distributed with arithmetic mean of 7.81. The median price for the last 90 days is 8.03. The company had 1.2:1 stock split on 18th of May 2021. Sobute New Materials issued dividends on 2024-06-25.| Open | High | Low | Close | Volume | ||
| 12/12/2024 | 8.52 | 8.60 | 8.43 | 8.59 | 5,407,694 | |
| 12/11/2024 | 8.49 | 8.56 | 8.41 | 8.50 | 4,114,120 | |
| 12/10/2024 | 8.73 | 8.79 | 8.41 | 8.46 | 7,234,773 | |
| 12/09/2024 | 8.47 | 8.52 | 8.40 | 8.52 | 5,410,900 | |
| 12/06/2024 | 8.39 | 8.52 | 8.34 | 8.47 | 6,775,622 | |
| 12/05/2024 | 8.20 | 8.35 | 8.18 | 8.31 | 3,331,960 | |
| 12/04/2024 | 8.40 | 8.42 | 8.21 | 8.24 | 4,215,073 | |
| 12/03/2024 | 8.48 | 8.51 | 8.37 | 8.45 | 4,251,220 | |
| 12/02/2024 | 8.40 | 8.51 | 8.33 | 8.48 | 6,542,760 | |
| 11/29/2024 | 8.29 | 8.44 | 8.29 | 8.40 | 5,008,180 | |
| 11/28/2024 | 8.37 | 8.43 | 8.25 | 8.31 | 4,412,762 | |
| 11/27/2024 | 8.02 | 8.26 | 7.90 | 8.26 | 4,199,062 | |
| 11/26/2024 | 8.17 | 8.19 | 8.04 | 8.08 | 2,979,935 | |
| 11/25/2024 | 8.06 | 8.23 | 8.05 | 8.17 | 3,784,237 | |
| 11/22/2024 | 8.35 | 8.43 | 8.05 | 8.07 | 5,495,400 | |
| 11/21/2024 | 8.27 | 8.43 | 8.20 | 8.40 | 6,730,000 | |
| 11/20/2024 | 8.10 | 8.47 | 8.05 | 8.29 | 6,838,369 | |
| 11/19/2024 | 7.93 | 8.11 | 7.84 | 8.11 | 4,526,069 | |
| 11/18/2024 | 8.02 | 8.15 | 7.89 | 7.94 | 5,349,589 | |
| 11/15/2024 | 8.04 | 8.16 | 7.94 | 7.95 | 4,170,731 | |
| 11/14/2024 | 8.32 | 8.40 | 8.08 | 8.10 | 5,932,260 | |
| 11/13/2024 | 8.31 | 8.44 | 8.18 | 8.35 | 5,374,480 | |
| 11/12/2024 | 8.50 | 8.56 | 8.30 | 8.35 | 7,803,100 | |
| 11/11/2024 | 8.40 | 8.45 | 8.31 | 8.45 | 7,408,263 | |
| 11/08/2024 | 8.67 | 8.72 | 8.41 | 8.44 | 11,341,358 | |
| 11/07/2024 | 8.30 | 8.86 | 8.24 | 8.68 | 12,845,921 | |
| 11/06/2024 | 8.29 | 8.46 | 8.28 | 8.34 | 9,549,920 | |
| 11/05/2024 | 8.26 | 8.31 | 8.17 | 8.27 | 10,550,173 | |
| 11/04/2024 | 8.18 | 8.26 | 8.01 | 8.26 | 8,577,029 | |
| 11/01/2024 | 8.21 | 8.40 | 8.09 | 8.21 | 16,556,356 | |
| 10/31/2024 | 7.91 | 8.15 | 7.91 | 8.05 | 6,956,220 | |
| 10/30/2024 | 8.18 | 8.24 | 7.90 | 7.95 | 10,697,683 | |
| 10/29/2024 | 8.05 | 8.37 | 7.83 | 8.25 | 15,933,580 | |
| 10/28/2024 | 7.99 | 8.14 | 7.98 | 8.03 | 5,773,900 | |
| 10/25/2024 | 7.82 | 8.10 | 7.80 | 7.98 | 7,761,900 | |
| 10/24/2024 | 7.82 | 7.91 | 7.80 | 7.84 | 3,446,560 | |
| 10/23/2024 | 7.85 | 7.94 | 7.79 | 7.86 | 5,631,362 | |
| 10/22/2024 | 7.77 | 7.90 | 7.74 | 7.85 | 5,487,582 | |
| 10/21/2024 | 7.79 | 7.80 | 7.69 | 7.73 | 4,400,060 | |
| 10/18/2024 | 7.64 | 7.81 | 7.53 | 7.68 | 5,798,315 | |
| 10/17/2024 | 7.89 | 7.96 | 7.62 | 7.63 | 6,148,000 | |
| 10/16/2024 | 7.60 | 7.96 | 7.60 | 7.92 | 7,427,300 | |
| 10/15/2024 | 7.86 | 7.92 | 7.68 | 7.68 | 5,150,800 | |
| 10/14/2024 | 7.72 | 7.99 | 7.68 | 7.88 | 7,280,215 | |
| 10/11/2024 | 8.06 | 8.08 | 7.60 | 7.69 | 6,865,428 | |
| 10/10/2024 | 7.99 | 8.19 | 7.84 | 8.00 | 6,530,919 | |
| 10/09/2024 | 8.39 | 8.39 | 7.86 | 7.91 | 10,337,035 | |
| 10/08/2024 | 9.04 | 9.04 | 8.11 | 8.54 | 16,048,878 | |
| 09/30/2024 | 7.87 | 8.29 | 7.67 | 8.22 | 15,197,524 | |
| 09/27/2024 | 7.48 | 7.60 | 7.40 | 7.57 | 5,901,115 | |
| 09/26/2024 | 7.00 | 7.30 | 7.00 | 7.30 | 6,065,480 | |
| 09/25/2024 | 6.90 | 7.17 | 6.90 | 7.01 | 7,490,023 | |
| 09/24/2024 | 6.69 | 6.85 | 6.63 | 6.84 | 5,450,001 | |
| 09/23/2024 | 6.58 | 6.63 | 6.50 | 6.62 | 2,618,180 | |
| 09/20/2024 | 6.61 | 6.61 | 6.51 | 6.57 | 2,240,700 | |
| 09/19/2024 | 6.48 | 6.65 | 6.46 | 6.60 | 3,472,962 | |
| 09/18/2024 | 6.42 | 6.48 | 6.33 | 6.44 | 2,154,600 | |
| 09/13/2024 | 6.55 | 6.59 | 6.41 | 6.42 | 2,422,820 | |
| 09/12/2024 | 6.61 | 6.71 | 6.54 | 6.54 | 2,328,700 | |
| 09/11/2024 | 6.58 | 6.63 | 6.50 | 6.58 | 2,154,200 | |
| 09/10/2024 | 6.61 | 6.64 | 6.45 | 6.60 | 3,156,600 |
About Sobute New Stock history
Sobute New 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 Sobute is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sobute New Materials 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 Sobute New stock prices may prove useful in developing a viable investing in Sobute New
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 420.3 M | 438.4 M | |
| Net Income Applicable To Common Shares | 331.1 M | 319.3 M |
Sobute New Quarterly Net Working Capital |
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Sobute New Stock Technical Analysis
Sobute New 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.
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Sobute New Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sobute New's price direction in advance. Along with the technical and fundamental analysis of Sobute Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sobute 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 | 0.105 | |||
| Jensen Alpha | 0.3318 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0781 | |||
| Treynor Ratio | (3.27) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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When running Sobute New's price analysis, check to measure Sobute New'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 Sobute New is operating at the current time. Most of Sobute New's value examination focuses on studying past and present price action to predict the probability of Sobute New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sobute New's price. Additionally, you may evaluate how the addition of Sobute New to your portfolios can decrease your overall portfolio volatility.
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