Red Avenue (China) Today
| 603650 Stock | 35.75 0.40 1.11% |
Performance13 of 100
| Odds Of DistressLess than 1
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Red Avenue is trading at 35.75 as of the 22nd of November 2024, a 1.11 percent decrease since the beginning of the trading day. The stock's open price was 36.15. Red Avenue has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Red Avenue New are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of May 2024 and ending today, the 22nd of November 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Red Avenue is entity of China. It is traded as Stock on SHG exchange. The company has 599.08 M outstanding shares. More on Red Avenue New
Moving together with Red Stock
| 0.66 | 600309 | Wanhua Chemical Group | PairCorr |
| 0.85 | 600019 | Baoshan Iron Steel | PairCorr |
| 0.88 | 002493 | Rongsheng Petrochemical | PairCorr |
| 0.93 | 600010 | Inner Mongolia BaoTou | PairCorr |
Moving against Red Stock
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Red Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Red Avenue's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Red Avenue or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Vice President | Jie Tang | ||||
| Business Concentration | Specialty Chemicals, Basic Materials, Materials, Chemicals, Specialty Chemicals, Basic Materials (View all Sectors) | ||||
Red Avenue's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Red Avenue's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Debt LevelsRed Avenue can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Red Avenue's financial leverage. It provides some insight into what part of Red Avenue's total assets is financed by creditors.
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Red Avenue New (603650) is traded on Shanghai Stock Exchange in China and employs 1,153 people. Red Avenue is listed under Specialty Chemicals category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 21.51 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Red Avenue's market, we take the total number of its shares issued and multiply it by Red Avenue's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Red Avenue New operates under Chemicals sector and is part of Materials industry. The entity has 599.08 M outstanding shares.
Red Avenue generates positive cash flow from operations, but has no cash available
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Ownership AllocationRed Avenue owns a total of 599.08 Million outstanding shares. Red Avenue holds majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 71.45 pct. of Red Avenue New outstanding shares that are owned by insiders implies they have been buying or selling the stock in recent months in anticipation of some upcoming event. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
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Red Avenue New Risk Profiles
Although Red Avenue's alpha and beta are two of the key measurements used to evaluate Red Avenue's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.3 | |||
| Semi Deviation | 1.9 | |||
| Standard Deviation | 3.13 | |||
| Variance | 9.79 |
Red Stock Against Markets
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Performance AnalysisCheck effects of mean-variance optimization against your current asset allocation |
| All Next | Launch Module |
Red Avenue Corporate Executives
Elected by the shareholders, the Red Avenue's board of directors comprises two types of representatives: Red Avenue inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Red. The board's role is to monitor Red Avenue's management team and ensure that shareholders' interests are well served. Red Avenue's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Red Avenue's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yaoming CPA | CFO VP | Profile | |
| Yaoming Yu | CFO Controller | Profile |
Other Information on Investing in Red Stock
Red Avenue financial ratios help investors to determine whether Red 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 Red with respect to the benefits of owning Red Avenue security.