Tongling Nonferrous (China) Price on October 9, 2023
| 000630 Stock | 3.28 0.04 1.20% |
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 3.28, as last reported on the 21st of December, with the highest price reaching 3.33 and the lowest price hitting 3.27 during the day.
If you're considering investing in Tongling Stock, it is important to understand the factors that can impact its price. At this point, Tongling Nonferrous is relatively risky. Tongling Nonferrous owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0387, which indicates the firm had a 0.0387% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tongling Nonferrous Metals, which you can use to evaluate the volatility of the company. Please validate Tongling Nonferrous' Semi Deviation of 2.26, risk adjusted performance of 0.0777, and Coefficient Of Variation of 1119.74 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%.
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.
IPO Date 24th of October 1996 | 200 Day MA 3.549 | 50 Day MA 3.4534 | Beta 0.732 |
Tongling |
Sharpe Ratio = 0.0387
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | 000630 | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.61 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Tongling Nonferrous is performing at about 3% 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 Tongling Nonferrous by adding it to a well-diversified portfolio.
Price Book 1.2633 | Enterprise Value Ebitda 8.715 | Price Sales 0.2972 | Shares Float 6.6 B | Dividend Share 0.079 |
Tongling Nonferrous Valuation on October 9, 2023
It is possible to determine the worth of Tongling Nonferrous on a given historical date. On October 9, 2023 Tongling was worth 3.12 at the beginning of the trading date compared to the closed value of 3.15. 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 | |
10/09/2023 | 3.12 | 3.16 | 3.07 | 3.15 | 103,386,548 |
| 3.15 | 3.16 | 3.09 | 3.10 | 70,220,143 |
| Backtest Tongling Nonferrous | | | Tongling Nonferrous History | | | Tongling Nonferrous Valuation | Next |
Tongling Nonferrous Trading Date Momentum on October 9, 2023
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 12.7 B | 11.9 B | |
| Net Income Applicable To Common Shares | 3.1 B | 3.3 B |
Tongling Nonferrous Quarterly Net Working Capital |
|
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.
Price Boundaries
Tongling Nonferrous Period Price Range
Low | December 21, 2024
| 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 21, 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.
| Risk Adjusted Performance | 0.0777 | |||
| Jensen Alpha | 0.2231 | |||
| Total Risk Alpha | 0.1479 | |||
| Sortino Ratio | 0.0728 | |||
| Treynor Ratio | (1.56) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |