Shandong (China) Price on December 12, 2024

000498 Stock   5.81  0.14  2.35%   
If you're considering investing in Shandong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shandong stands at 5.81, as last reported on the 2nd of January, with the highest price reaching 6.02 and the lowest price hitting 5.75 during the day. Shandong Hi Speed owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0499, which indicates the firm had a -0.0499% return per unit of risk over the last 3 months. Shandong Hi Speed RoadBridge exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shandong's Risk Adjusted Performance of (0.03), coefficient of variation of (2,004), and Variance of 5.92 to confirm the risk estimate we provide.
  
Shandong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0499

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Estimated Market Risk

 2.43
  actual daily
21
79% of assets are more volatile

Expected Return

 -0.12
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  actual daily
0
Most of other assets perform better
Based on monthly moving average Shandong 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 Shandong by adding Shandong to a well-diversified portfolio.

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Shandong Valuation on December 12, 2024

It is possible to determine the worth of Shandong on a given historical date. On December 12, 2024 Shandong was worth 6.39 at the beginning of the trading date compared to the closed value of 6.47. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shandong stock. Still, in general, we apply an absolute valuation method to find Shandong'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 Shandong where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shandong's related companies.
 Open High Low Close Volume
  6.31    6.43    6.29    6.39    14,012,085  
12/12/2024
  6.39    6.52    6.34    6.47    18,920,693  
  6.46    6.57    6.29    6.30    25,057,098  
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Open Value
6.39
6.47
Closing Value
13.69
Upside

Shandong Trading Date Momentum on December 12, 2024

On December 13 2024 Shandong Hi Speed RoadBridge was traded for  6.30  at the closing time. The highest price during the trading period was 6.57  and the lowest recorded bid was listed for  6.29 . The volume for the day was 25.1 M. This history from December 13, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.63% . The trading price change to the current price is 6.49% .

Shandong Hi Speed Fundamentals Correlations and Trends

By evaluating Shandong'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 Shandong's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shandong financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Shandong Stock history

Shandong 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 Shandong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shandong Hi Speed 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 Shandong stock prices may prove useful in developing a viable investing in Shandong

Shandong Stock Technical Analysis

Shandong 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.
A focus of Shandong technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Shandong trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Shandong Period Price Range

Low
January 2, 2025
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High

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Shandong Hi Speed RoadBridge cannot be verified against its exchange. Please verify the symbol is currently traded on Shenzhen 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.

Shandong January 2, 2025 Market Strength

Market strength indicators help investors to evaluate how Shandong stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shandong shares will generate the highest return on investment. By undertsting and applying Shandong stock market strength indicators, traders can identify Shandong Hi Speed RoadBridge entry and exit signals to maximize returns

Shandong Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Shandong's price direction in advance. Along with the technical and fundamental analysis of Shandong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shandong 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.

Complementary Tools for Shandong Stock analysis

When running Shandong's price analysis, check to measure Shandong'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 Shandong is operating at the current time. Most of Shandong's value examination focuses on studying past and present price action to predict the probability of Shandong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shandong's price. Additionally, you may evaluate how the addition of Shandong to your portfolios can decrease your overall portfolio volatility.
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