Innovative Medical (China) Price on June 21, 2023
| 002173 Stock | 8.89 0.18 2.07% |
Below is the normalized historical share price chart for Innovative Medical Management extending back to September 25, 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 Innovative Medical stands at 8.89, as last reported on the 1st of December, with the highest price reaching 9.00 and the lowest price hitting 8.50 during the day.
If you're considering investing in Innovative Stock, it is important to understand the factors that can impact its price. Innovative Medical appears to be slightly risky, given 3 months investment horizon. Innovative Medical holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. By evaluating Innovative Medical's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please utilize Innovative Medical's Downside Deviation of 4.46, risk adjusted performance of 0.133, and Market Risk Adjusted Performance of 6.33 to validate if our risk estimates are consistent with your expectations.
The current year's Common Stock is expected to grow to about 547.7 M, whereas Total Stockholder Equity is forecasted to decline to about 1.4 B. . Innovative Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 28th of September 2007 | 200 Day MA 7.6441 | 50 Day MA 7.988 | Beta 0.644 |
Innovative |
Sharpe Ratio = 0.1676
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 002173 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.21 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.71 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Innovative Medical is performing at about 13% 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 Innovative Medical by adding it to a well-diversified portfolio.
Price Book 2.1294 | Book Value 4.175 | Enterprise Value 3.4 B | Enterprise Value Ebitda (32.59) | Price Sales 4.8503 |
Innovative Medical Valuation on June 21, 2023
It is possible to determine the worth of Innovative Medical on a given historical date. On June 21, 2023 Innovative was worth 11.29 at the beginning of the trading date compared to the closed value of 10.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Innovative Medical stock. Still, in general, we apply an absolute valuation method to find Innovative Medical'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 Innovative Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Innovative Medical's related companies.
| Open | High | Low | Close | Volume | |
| 11.30 | 12.43 | 10.88 | 11.52 | 108,846,406 | |
06/21/2023 | 11.29 | 11.40 | 10.37 | 10.37 | 79,750,318 |
| 9.89 | 10.15 | 9.63 | 9.91 | 52,246,321 |
| Backtest Innovative Medical | | | Innovative Medical History | | | Innovative Medical Valuation | Previous | Next |
Innovative Medical Trading Date Momentum on June 21, 2023
| On June 26 2023 Innovative Medical Management was traded for 9.91 at the closing time. The highest price during the trading period was 10.15 and the lowest recorded bid was listed for 9.63 . The volume for the day was 52.2 M. This history from June 26, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 4.44% . The trading delta at closing time to the current price is 3.66% . |
Innovative Medical Fundamentals Correlations and Trends
By evaluating Innovative Medical'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 Innovative Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Innovative financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Innovative Medical Stock history
Innovative Medical 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 Innovative is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Innovative Medical 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 Innovative Medical stock prices may prove useful in developing a viable investing in Innovative Medical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 449 M | 363 M | |
| Net Loss | -94.7 M | -99.4 M |
Innovative Medical Quarterly Net Working Capital |
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Innovative Medical Stock Technical Analysis
Innovative Medical 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
Innovative Medical Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Innovative Medical Management 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.
Innovative Medical December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Innovative Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Innovative Medical shares will generate the highest return on investment. By undertsting and applying Innovative Medical stock market strength indicators, traders can identify Innovative Medical Management entry and exit signals to maximize returns
Innovative Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Innovative Medical's price direction in advance. Along with the technical and fundamental analysis of Innovative Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Innovative 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 | 0.133 | |||
| Jensen Alpha | 0.6375 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1172 | |||
| Treynor Ratio | 6.32 |
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| Math Transform | ||
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| Pattern Recognition | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Innovative Stock analysis
When running Innovative Medical's price analysis, check to measure Innovative Medical'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 Innovative Medical is operating at the current time. Most of Innovative Medical's value examination focuses on studying past and present price action to predict the probability of Innovative Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovative Medical's price. Additionally, you may evaluate how the addition of Innovative Medical to your portfolios can decrease your overall portfolio volatility.
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