Tongling Nonferrous (China) Price on July 12, 2024

000630 Stock   3.33  0.04  1.22%   
Below is the normalized historical share price chart for Tongling Nonferrous Metals extending back to November 20, 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 Tongling Nonferrous stands at 3.33, as last reported on the 25th of December, with the highest price reaching 3.33 and the lowest price hitting 3.28 during the day.
IPO Date
24th of October 1996
200 Day MA
3.5493
50 Day MA
3.4426
Beta
0.732
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Tongling Stock, it is important to understand the factors that can impact its price. Tongling Nonferrous owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0097, which indicates the firm had a -0.0097% return per unit of risk over the last 3 months. Tongling Nonferrous Metals exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tongling Nonferrous' Coefficient Of Variation of 1188.05, semi deviation of 2.26, and Risk Adjusted Performance of 0.0742 to confirm the risk estimate we provide.
  
At present, Tongling Nonferrous' 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 12.7 B, whereas Other Stockholder Equity is forecasted to decline to about 126.8 M. . Tongling Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0097

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Estimated Market Risk

 2.5
  actual daily
22
78% of assets are more volatile

Expected Return

 -0.02
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Tongling Nonferrous 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 Tongling Nonferrous by adding Tongling Nonferrous to a well-diversified portfolio.
Price Book
1.2518
Enterprise Value Ebitda
8.6564
Price Sales
0.3
Shares Float
6.6 B
Dividend Share
0.079

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Tongling Nonferrous Valuation on July 12, 2024

It is possible to determine the worth of Tongling Nonferrous on a given historical date. On July 12, 2024 Tongling was worth 3.73 at the beginning of the trading date compared to the closed value of 3.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tongling Nonferrous stock. Still, in general, we apply an absolute valuation method to find Tongling Nonferrous' 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 Tongling Nonferrous where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tongling Nonferrous' related companies.
 Open High Low Close Volume
  3.66    3.78    3.64    3.76    200,205,453  
07/12/2024
  3.73    3.74    3.64    3.65    197,586,086  
  3.63    3.69    3.60    3.65    133,872,297  
Backtest Tongling Nonferrous  |  Tongling Nonferrous History  |  Tongling Nonferrous Valuation   PreviousNext  
Open Value
3.73
3.65
Closing Value
11.23
Upside

Tongling Nonferrous Trading Date Momentum on July 12, 2024

On July 15 2024 Tongling Nonferrous Metals was traded for  3.65  at the closing time. The highest price during the trading period was 3.69  and the lowest recorded bid was listed for  3.60 . The volume for the day was 133.9 M. This history from July 15, 2024 did not result in any price rise and fall. The trading price change to the current price is 8.22% .

Tongling Nonferrous Fundamentals Correlations and Trends

By evaluating Tongling Nonferrous' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tongling Nonferrous' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tongling financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Tongling Nonferrous Stock history

Tongling Nonferrous 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 Tongling is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tongling Nonferrous 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 Tongling Nonferrous stock prices may prove useful in developing a viable investing in Tongling Nonferrous
Last ReportedProjected for Next Year
Common Stock Shares Outstanding12.7 B11.9 B
Net Income Applicable To Common Shares3.1 B3.3 B

Tongling Nonferrous Quarterly Net Working Capital

18.33 Billion

Tongling Nonferrous Stock Technical Analysis

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

Tongling Nonferrous Period Price Range

Low
December 25, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Tongling Nonferrous Metals 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.

Tongling Nonferrous December 25, 2024 Market Strength

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

Tongling Nonferrous Technical and Predictive Indicators

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

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