Huagong Tech (China) Price on August 7, 2023

000988 Stock   39.97  0.03  0.07%   
Below is the normalized historical share price chart for Huagong Tech Co extending back to June 08, 2000. 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 Huagong Tech stands at 39.97, as last reported on the 25th of December, with the highest price reaching 40.60 and the lowest price hitting 39.29 during the day.
IPO Date
15th of May 2000
200 Day MA
31.1556
50 Day MA
33.2278
Beta
0.57
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Huagong Stock, it is important to understand the factors that can impact its price. Huagong Tech appears to be not too volatile, given 3 months investment horizon. Huagong Tech holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of standard deviation over the last 3 months. By evaluating Huagong Tech's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Huagong Tech's risk adjusted performance of 0.1418, and Market Risk Adjusted Performance of (3.71) to validate if our risk estimates are consistent with your expectations.
  
At present, Huagong Tech's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 18.3 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 919.9 M. . Huagong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1484

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Estimated Market Risk

 3.56
  actual daily
31
69% of assets are more volatile

Expected Return

 0.53
  actual daily
10
90% of assets have higher returns

Risk-Adjusted Return

 0.15
  actual daily
11
89% of assets perform better
Based on monthly moving average Huagong Tech is performing at about 11% 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 Huagong Tech by adding it to a well-diversified portfolio.
Price Book
4.0521
Enterprise Value Ebitda
30.844
Price Sales
3.3751
Shares Float
749.3 M
Dividend Share
0.15

Huagong Tech Valuation on August 7, 2023

It is possible to determine the worth of Huagong Tech on a given historical date. On August 7, 2023 Huagong was worth 37.41 at the beginning of the trading date compared to the closed value of 37.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Huagong Tech stock. Still, in general, we apply an absolute valuation method to find Huagong Tech'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 Huagong Tech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Huagong Tech's related companies.
 Open High Low Close Volume
  35.32    37.08    35.23    36.87    79,580,582  
08/07/2023
  37.41    38.38    36.83    37.31    92,432,912  
  37.01    38.80    36.89    38.33    83,071,461  
Backtest Huagong Tech  |  Huagong Tech History  |  Huagong Tech Valuation   PreviousNext  
Open Value
37.41
37.31
Closing Value
48.10
Upside

Huagong Tech Trading Date Momentum on August 7, 2023

On August 08 2023 Huagong Tech Co was traded for  38.33  at the closing time. The highest price during the trading period was 38.80  and the lowest recorded bid was listed for  36.89 . The volume for the day was 83.1 M. This history from August 8, 2023 contributed to the next trading day price jump. The daily price change to the next closing price was 2.73% . The trading delta at closing time to the current price is 12.28% .

Huagong Tech Fundamentals Correlations and Trends

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

About Huagong Tech Stock history

Huagong Tech 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 Huagong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Huagong Tech 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 Huagong Tech stock prices may prove useful in developing a viable investing in Huagong Tech
Last ReportedProjected for Next Year
Common Stock Shares Outstanding1.2 B919.9 M
Net Income Applicable To Common SharesB1.1 B

Huagong Tech Quarterly Net Working Capital

7.06 Billion

Huagong Tech Stock Technical Analysis

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

Huagong Tech Period Price Range

Low
December 25, 2024
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High

 0.00 

     

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Huagong Tech Co 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.

Huagong Tech December 25, 2024 Market Strength

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

Huagong Tech Technical and Predictive Indicators

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

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