Huagong Tech (China) Price on December 26, 2023

000988 Stock   40.93  2.37  5.47%   
If you're considering investing in Huagong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Huagong Tech stands at 40.93, as last reported on the 3rd of January, with the highest price reaching 43.29 and the lowest price hitting 40.64 during the day. At this point, Huagong Tech is very steady. Huagong Tech holds Efficiency (Sharpe) Ratio of 0.0501, which attests that the entity had a 0.0501% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Huagong Tech, which you can use to evaluate the volatility of the firm. Please check out Huagong Tech's risk adjusted performance of 0.048, and Market Risk Adjusted Performance of (1.66) to validate if the risk estimate we provide is consistent with the expected return of 0.17%.
  
Huagong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0501

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Estimated Market Risk

 3.31
  actual daily
29
71% of assets are more volatile

Expected Return

 0.17
  actual daily
3
97% of assets have higher returns

Risk-Adjusted Return

 0.05
  actual daily
3
97% of assets perform better
Based on monthly moving average Huagong Tech 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 Huagong Tech by adding it to a well-diversified portfolio.

Huagong Tech Valuation on December 26, 2023

It is possible to determine the worth of Huagong Tech on a given historical date. On December 26, 2023 Huagong was worth 29.36 at the beginning of the trading date compared to the closed value of 28.22. 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
  29.20    29.72    28.90    29.39    20,938,500  
12/26/2023
  29.36    29.36    27.99    28.22    28,708,149  
  28.32    28.44    28.03    28.24    19,385,550  
Backtest Huagong Tech  |  Huagong Tech History  |  Huagong Tech Valuation PreviousNext  
Open Value
29.36
28.22
Closing Value
39.30
Upside

Huagong Tech Trading Date Momentum on December 26, 2023

On December 27 2023 Huagong Tech Co was traded for  28.24  at the closing time. The highest price during the trading period was 28.44  and the lowest recorded bid was listed for  28.03 . The volume for the day was 19.4 M. This history from December 27, 2023 contributed to the next trading day price jump. The daily price change to the next closing price was 0.07% . The trading delta at closing time to the current price is 2.16% .
JavaScript chart by amCharts 3.21.1512/26/2023Dec 18Dec 20Dec 22Dec 24Dec 26Dec 28Dec 30JanJan 03Jan 0528.028.529.029.530.030.5

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

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

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January 3, 2025
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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 January 3, 2025 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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