Hengkang Medical (China) Price on November 26, 2024
| 002219 Stock | 3.19 0.19 6.33% |
Below is the normalized historical share price chart for Hengkang Medical Group extending back to March 06, 2008. 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 Hengkang Medical stands at 3.19, as last reported on the 27th of December, with the highest price reaching 3.30 and the lowest price hitting 3.06 during the day.
If you're considering investing in Hengkang Stock, it is important to understand the factors that can impact its price. Hengkang Medical appears to be very risky, given 3 months investment horizon. Hengkang Medical holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. By evaluating Hengkang Medical's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Hengkang Medical's Risk Adjusted Performance of 0.1776, downside deviation of 3.8, and Market Risk Adjusted Performance of 1.0 to validate if our risk estimates are consistent with your expectations.
The current year's Common Stock is expected to grow to about 2.3 B, whereas Total Stockholder Equity is forecasted to decline to about 1.4 B. . Hengkang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 6th of March 2008 | 200 Day MA 2.308 | 50 Day MA 2.7884 | Beta 0.431 |
Hengkang |
Sharpe Ratio = 0.1511
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.26 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.64 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Hengkang Medical 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 Hengkang Medical by adding it to a well-diversified portfolio.
Price Book 4.6716 | Book Value 0.68 | Enterprise Value 12 B | Enterprise Value Ebitda 70.2816 | Price Sales 2.6277 |
Hengkang Medical Valuation on November 26, 2024
It is possible to determine the worth of Hengkang Medical on a given historical date. On November 26, 2024 Hengkang was worth 2.6 at the beginning of the trading date compared to the closed value of 2.62. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hengkang Medical stock. Still, in general, we apply an absolute valuation method to find Hengkang 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 Hengkang Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hengkang Medical's related companies.
| Open | High | Low | Close | Volume | |
| 2.61 | 2.65 | 2.55 | 2.60 | 38,148,200 | |
11/26/2024 | 2.60 | 2.66 | 2.58 | 2.62 | 36,219,240 |
| 2.61 | 2.68 | 2.54 | 2.67 | 39,251,457 |
| Backtest Hengkang Medical | | | Hengkang Medical History | | | Hengkang Medical Valuation | Previous | Next |
Hengkang Medical Trading Date Momentum on November 26, 2024
| On November 27 2024 Hengkang Medical Group was traded for 2.67 at the closing time. The highest price during the trading period was 2.68 and the lowest recorded bid was listed for 2.54 . The volume for the day was 39.3 M. This history from November 27, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 1.91% . The trading delta at closing time to the current price is 11.07% . |
Hengkang Medical Fundamentals Correlations and Trends
By evaluating Hengkang 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 Hengkang Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hengkang financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hengkang Medical Stock history
Hengkang 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 Hengkang is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hengkang 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 Hengkang Medical stock prices may prove useful in developing a viable investing in Hengkang Medical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 3.4 B | 2.5 B | |
| Net Income Applicable To Common Shares | 140.1 M | 147.1 M |
Hengkang Medical Stock Technical Analysis
Hengkang 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
Hengkang Medical Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Hengkang Medical Group 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.
Hengkang Medical December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Hengkang 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 Hengkang Medical shares will generate the highest return on investment. By undertsting and applying Hengkang Medical stock market strength indicators, traders can identify Hengkang Medical Group entry and exit signals to maximize returns
Hengkang Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hengkang Medical's price direction in advance. Along with the technical and fundamental analysis of Hengkang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hengkang 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 | 0.1776 | |||
| Jensen Alpha | 0.8688 | |||
| Total Risk Alpha | 0.674 | |||
| Sortino Ratio | 0.2277 | |||
| Treynor Ratio | 0.9903 |
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Hengkang Stock analysis
When running Hengkang Medical's price analysis, check to measure Hengkang 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 Hengkang Medical is operating at the current time. Most of Hengkang Medical's value examination focuses on studying past and present price action to predict the probability of Hengkang 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 Hengkang Medical's price. Additionally, you may evaluate how the addition of Hengkang Medical to your portfolios can decrease your overall portfolio volatility.
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