Cangzhou Mingzhu (China) Price on December 21, 2024
| 002108 Stock | 3.76 0.01 0.27% |
Below is the normalized historical share price chart for Cangzhou Mingzhu Plastic extending back to January 24, 2007. 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 Cangzhou Mingzhu stands at 3.76, as last reported on the 22nd of December, with the highest price reaching 3.77 and the lowest price hitting 3.73 during the day.
If you're considering investing in Cangzhou Stock, it is important to understand the factors that can impact its price. Cangzhou Mingzhu appears to be moderately volatile, given 3 months investment horizon. Cangzhou Mingzhu Plastic secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cangzhou Mingzhu Plastic, which you can use to evaluate the volatility of the firm. Please makes use of Cangzhou Mingzhu's Mean Deviation of 2.02, risk adjusted performance of 0.1163, and Downside Deviation of 2.39 to double-check if our risk estimates are consistent with your expectations.
At present, Cangzhou Mingzhu'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 1.7 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 1.6 B. . Cangzhou Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 24th of January 2007 | 200 Day MA 3.4123 | 50 Day MA 3.6608 | Beta 0.625 |
Cangzhou |
Sharpe Ratio = 0.1429
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Estimated Market Risk
| 2.88 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.41 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Cangzhou Mingzhu 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 Cangzhou Mingzhu by adding it to a well-diversified portfolio.
Price Book 1.2328 | Enterprise Value Ebitda 31.8555 | Price Sales 2.4192 | Shares Float 1.2 B | Dividend Share 0.1 |
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Cangzhou Mingzhu Valuation on December 21, 2024
It is possible to determine the worth of Cangzhou Mingzhu on a given historical date. On December 21, 2024 Cangzhou was worth 3.75 at the beginning of the trading date compared to the closed value of 3.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cangzhou Mingzhu stock. Still, in general, we apply an absolute valuation method to find Cangzhou Mingzhu'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 Cangzhou Mingzhu where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cangzhou Mingzhu's related companies.
| Open | High | Low | Close | Volume | |
| 3.75 | 3.77 | 3.73 | 3.76 | 17,584,015 | |
12/22/2024 | 3.75 | 3.77 | 3.73 | 3.76 | 0.00 |
| Backtest Cangzhou Mingzhu | | | Cangzhou Mingzhu History | | | Cangzhou Mingzhu Valuation | Previous |
Cangzhou Mingzhu Trading Date Momentum on December 21, 2024
| On December 22 2024 Cangzhou Mingzhu Plastic was traded for 3.76 at the closing time. The highest price during the trading period was 3.77 and the lowest recorded bid was listed for 3.73 . There was no trading activity during the period 0.0. Lack of trading volume on December 22, 2024 did not affect price variability. The overall trading delta to the current price is 0.27% . |
Cangzhou Mingzhu Plastic Fundamentals Correlations and Trends
By evaluating Cangzhou Mingzhu'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 Cangzhou Mingzhu's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cangzhou financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cangzhou Mingzhu Stock history
Cangzhou Mingzhu 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 Cangzhou is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cangzhou Mingzhu Plastic 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 Cangzhou Mingzhu stock prices may prove useful in developing a viable investing in Cangzhou Mingzhu
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.9 B | 1.6 B | |
| Net Income Applicable To Common Shares | 420.9 M | 441.9 M |
Cangzhou Mingzhu Quarterly Net Working Capital |
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Cangzhou Mingzhu Stock Technical Analysis
Cangzhou Mingzhu 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
Cangzhou Mingzhu Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Cangzhou Mingzhu Plastic 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.
Cangzhou Mingzhu December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Cangzhou Mingzhu stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cangzhou Mingzhu shares will generate the highest return on investment. By undertsting and applying Cangzhou Mingzhu stock market strength indicators, traders can identify Cangzhou Mingzhu Plastic entry and exit signals to maximize returns
Cangzhou Mingzhu Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cangzhou Mingzhu's price direction in advance. Along with the technical and fundamental analysis of Cangzhou Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cangzhou 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 | 0.1163 | |||
| Jensen Alpha | 0.3728 | |||
| Total Risk Alpha | 0.2974 | |||
| Sortino Ratio | 0.1478 | |||
| Treynor Ratio | 2.8 |
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| Volume Indicators |
Complementary Tools for Cangzhou Stock analysis
When running Cangzhou Mingzhu's price analysis, check to measure Cangzhou Mingzhu'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 Cangzhou Mingzhu is operating at the current time. Most of Cangzhou Mingzhu's value examination focuses on studying past and present price action to predict the probability of Cangzhou Mingzhu's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cangzhou Mingzhu's price. Additionally, you may evaluate how the addition of Cangzhou Mingzhu to your portfolios can decrease your overall portfolio volatility.
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