Qinghai Salt (China) Price on September 20, 2024
| 000792 Stock | 16.54 0.14 0.84% |
Below is the normalized historical share price chart for Qinghai Salt Lake extending back to September 04, 1997. 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 Qinghai Salt stands at 16.54, as last reported on the 24th of December, with the highest price reaching 16.91 and the lowest price hitting 16.54 during the day.
If you're considering investing in Qinghai Stock, it is important to understand the factors that can impact its price. At this point, Qinghai Salt is not too volatile. Qinghai Salt Lake maintains Sharpe Ratio (i.e., Efficiency) of 0.0564, which implies the firm had a 0.0564% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Qinghai Salt Lake, which you can use to evaluate the volatility of the company. Please check Qinghai Salt's Risk Adjusted Performance of 0.0662, coefficient of variation of 1335.11, and Semi Deviation of 2.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%.
At present, Qinghai Salt'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 6.6 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 6 B. . Qinghai Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 5th of August 1997 | 200 Day MA 16.6892 | 50 Day MA 17.9402 | Beta 1.158 |
Qinghai |
Sharpe Ratio = 0.0564
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | 000792 | High Risk | Huge Risk |
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Estimated Market Risk
| 2.57 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Qinghai Salt is performing at about 4% 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 Qinghai Salt by adding it to a well-diversified portfolio.
Price Book 2.563 | Enterprise Value Ebitda 11.1922 | Price Sales 5.6011 | Shares Float 3.3 B | Wall Street Target Price 16.575 |
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Qinghai Salt Valuation on September 20, 2024
It is possible to determine the worth of Qinghai Salt on a given historical date. On September 20, 2024 Qinghai was worth 14.6 at the beginning of the trading date compared to the closed value of 14.49. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Qinghai Salt stock. Still, in general, we apply an absolute valuation method to find Qinghai Salt'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 Qinghai Salt where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Qinghai Salt's related companies.
| Open | High | Low | Close | Volume | |
| 14.81 | 14.85 | 14.52 | 14.69 | 27,410,619 | |
09/20/2024 | 14.60 | 14.64 | 14.15 | 14.49 | 46,444,539 |
| 14.60 | 14.65 | 14.38 | 14.48 | 19,788,360 |
| Backtest Qinghai Salt | | | Qinghai Salt History | | | Qinghai Salt Valuation | Previous | Next |
Qinghai Salt Trading Date Momentum on September 20, 2024
| On September 23 2024 Qinghai Salt Lake was traded for 14.48 at the closing time. The highest price during the trading period was 14.65 and the lowest recorded bid was listed for 14.38 . The volume for the day was 19.8 M. This history from September 23, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.07% . The trading delta at closing time to the current price is 25.12% . |
Qinghai Salt Lake Fundamentals Correlations and Trends
By evaluating Qinghai Salt'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 Qinghai Salt's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Qinghai financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Qinghai Salt Stock history
Qinghai Salt 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 Qinghai is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Qinghai Salt Lake 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 Qinghai Salt stock prices may prove useful in developing a viable investing in Qinghai Salt
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 6.2 B | 6 B | |
| Net Income Applicable To Common Shares | 14 B | 14.7 B |
Qinghai Salt Quarterly Net Working Capital |
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Qinghai Salt Stock Technical Analysis
Qinghai Salt 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
Qinghai Salt Period Price Range
Low | December 24, 2024
| High |
0.00 | 0.00 |
Qinghai Salt Lake 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.
Qinghai Salt December 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Qinghai Salt stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Qinghai Salt shares will generate the highest return on investment. By undertsting and applying Qinghai Salt stock market strength indicators, traders can identify Qinghai Salt Lake entry and exit signals to maximize returns
Qinghai Salt Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Qinghai Salt's price direction in advance. Along with the technical and fundamental analysis of Qinghai Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Qinghai 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 | 0.0662 | |||
| Jensen Alpha | 0.1858 | |||
| Total Risk Alpha | 0.1066 | |||
| Sortino Ratio | 0.0684 | |||
| Treynor Ratio | (0.92) |
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| Volume Indicators |
Complementary Tools for Qinghai Stock analysis
When running Qinghai Salt's price analysis, check to measure Qinghai Salt'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 Qinghai Salt is operating at the current time. Most of Qinghai Salt's value examination focuses on studying past and present price action to predict the probability of Qinghai Salt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qinghai Salt's price. Additionally, you may evaluate how the addition of Qinghai Salt to your portfolios can decrease your overall portfolio volatility.
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