Chengdu Xingrong (China) Price on April 18, 2024

000598 Stock   7.13  0.07  0.97%   
Below is the normalized historical share price chart for Chengdu Xingrong Investment extending back to May 29, 1996. 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 Chengdu Xingrong stands at 7.13, as last reported on the 11th of December 2024, with the highest price reaching 7.34 and the lowest price hitting 7.12 during the day.
IPO Date
29th of April 1996
200 Day MA
7.1579
50 Day MA
7.269
Beta
0.229
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Chengdu Stock, it is important to understand the factors that can impact its price. Chengdu Xingrong appears to be slightly risky, given 3 months investment horizon. Chengdu Xingrong Inv secures Sharpe Ratio (or Efficiency) of 0.0942, which signifies that the company had a 0.0942% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Chengdu Xingrong Investment, which you can use to evaluate the volatility of the firm. Please makes use of Chengdu Xingrong's mean deviation of 1.81, and Risk Adjusted Performance of 0.0432 to double-check if our risk estimates are consistent with your expectations.
  
At present, Chengdu Xingrong's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 3.6 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 2.4 B. . Chengdu Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0942

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Estimated Market Risk

 2.64
  actual daily
23
77% of assets are more volatile

Expected Return

 0.25
  actual daily
4
96% of assets have higher returns

Risk-Adjusted Return

 0.09
  actual daily
7
93% of assets perform better
Based on monthly moving average Chengdu Xingrong is performing at about 7% 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 Chengdu Xingrong by adding it to a well-diversified portfolio.
Price Book
1.2129
Enterprise Value Ebitda
11.3274
Price Sales
2.4719
Shares Float
413.6 M
Dividend Share
0.17

Chengdu Xingrong Valuation on April 18, 2024

It is possible to determine the worth of Chengdu Xingrong on a given historical date. On April 18, 2024 Chengdu was worth 6.75 at the beginning of the trading date compared to the closed value of 6.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chengdu Xingrong stock. Still, in general, we apply an absolute valuation method to find Chengdu Xingrong'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 Chengdu Xingrong where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chengdu Xingrong's related companies.
 Open High Low Close Volume
  6.66    6.77    6.63    6.77    29,968,176  
04/18/2024
  6.75    6.84    6.62    6.70    28,388,805  
  6.85    7.08    6.85    7.06    73,842,066  
Backtest Chengdu Xingrong  |  Chengdu Xingrong History  |  Chengdu Xingrong Valuation   PreviousNext  
Open Value
6.75
6.7
Closing Value
14.66
Upside

Chengdu Xingrong Trading Date Momentum on April 18, 2024

On April 19 2024 Chengdu Xingrong Investment was traded for  7.06  at the closing time. The highest price during the trading period was 7.08  and the lowest recorded bid was listed for  6.85 . The volume for the day was 73.8 M. This history from April 19, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 5.37% . The overall trading delta to the current price is 3.43% .

Chengdu Xingrong Inv Fundamentals Correlations and Trends

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

About Chengdu Xingrong Stock history

Chengdu Xingrong 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 Chengdu is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chengdu Xingrong Inv 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 Chengdu Xingrong stock prices may prove useful in developing a viable investing in Chengdu Xingrong
Last ReportedProjected for Next Year
Common Stock Shares OutstandingB2.4 B
Net Income Applicable To Common Shares1.9 BB

Chengdu Xingrong Stock Technical Analysis

Chengdu Xingrong 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 Chengdu Xingrong technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Chengdu Xingrong 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

Chengdu Xingrong Period Price Range

Low
December 11, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Chengdu Xingrong Investment 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.

Chengdu Xingrong December 11, 2024 Market Strength

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

Chengdu Xingrong Technical and Predictive Indicators

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

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