Shandong Hongchuang (China) Price on May 14, 2024
| 002379 Stock | 9.87 0.90 10.03% |
Below is the normalized historical share price chart for Shandong Hongchuang Aluminum extending back to March 31, 2010. 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 Shandong Hongchuang stands at 9.87, as last reported on the 7th of January, with the highest price reaching 9.87 and the lowest price hitting 9.87 during the day.
If you're considering investing in Shandong Stock, it is important to understand the factors that can impact its price. Shandong Hongchuang appears to be somewhat reliable, given 3 months investment horizon. Shandong Hongchuang owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the firm had a 0.24% return per unit of risk over the last 3 months. By inspecting Shandong Hongchuang's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please review Shandong Hongchuang's Risk Adjusted Performance of 0.2239, coefficient of variation of 374.11, and Semi Deviation of 1.94 to confirm if our risk estimates are consistent with your expectations.
As of January 7, 2025, Total Stockholder Equity is expected to decline to about 1.3 B. In addition to that, Common Stock is expected to decline to about 648.9 M. Shandong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 31st of March 2010 | 200 Day MA 5.9552 | 50 Day MA 7.8062 | Beta 0.126 |
Shandong |
Sharpe Ratio = 0.2434
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Estimated Market Risk
| 3.11 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.76 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 19 81% of assets perform better |
Based on monthly moving average Shandong Hongchuang is performing at about 19% 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 Shandong Hongchuang by adding it to a well-diversified portfolio.
Price Book 5.154 | Enterprise Value Ebitda 332.093 | Price Sales 3.4629 | Shares Float 808.3 M | Wall Street Target Price 25.56 |
Shandong Hongchuang Main Headline on 14th of May 2024
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Shandong Hongchuang Valuation on May 14, 2024
It is possible to determine the worth of Shandong Hongchuang on a given historical date. On May 14, 2024 Shandong was worth 6.36 at the beginning of the trading date compared to the closed value of 6.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shandong Hongchuang stock. Still, in general, we apply an absolute valuation method to find Shandong Hongchuang'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 Shandong Hongchuang where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shandong Hongchuang's related companies.
| Open | High | Low | Close | Volume | |
| 6.23 | 6.60 | 6.08 | 6.36 | 56,622,102 | |
05/14/2024 | 6.36 | 6.64 | 6.08 | 6.20 | 53,884,113 |
| 6.23 | 6.36 | 5.74 | 6.08 | 49,731,762 |
| Backtest Shandong Hongchuang | | | Shandong Hongchuang History | | | Shandong Hongchuang Valuation | Previous | Next |
Shandong Hongchuang Trading Date Momentum on May 14, 2024
| On May 15 2024 Shandong Hongchuang Aluminum was traded for 6.08 at the closing time. The highest price during the trading period was 6.36 and the lowest recorded bid was listed for 5.74 . The volume for the day was 49.7 M. This history from May 15, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.94% . The trading price change to the current price is 3.55% . |
Shandong Hongchuang Fundamentals Correlations and Trends
By evaluating Shandong Hongchuang'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 Shandong Hongchuang's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shandong financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shandong Hongchuang Stock history
Shandong Hongchuang 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 Shandong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shandong Hongchuang 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 Shandong Hongchuang stock prices may prove useful in developing a viable investing in Shandong Hongchuang
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.3 B | 1.1 B | |
| Net Income Applicable To Common Shares | 20.6 M | 12.4 M |
Shandong Hongchuang Quarterly Net Working Capital |
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Shandong Hongchuang Stock Technical Analysis
Shandong Hongchuang 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
Shandong Hongchuang Period Price Range
Low | January 7, 2025
| High |
0.00 | 0.00 |
Shandong Hongchuang Aluminum 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.
Shandong Hongchuang January 7, 2025 Market Strength
Market strength indicators help investors to evaluate how Shandong Hongchuang stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shandong Hongchuang shares will generate the highest return on investment. By undertsting and applying Shandong Hongchuang stock market strength indicators, traders can identify Shandong Hongchuang Aluminum entry and exit signals to maximize returns
Shandong Hongchuang Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shandong Hongchuang's price direction in advance. Along with the technical and fundamental analysis of Shandong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shandong 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 | 0.2239 | |||
| Jensen Alpha | 0.8585 | |||
| Total Risk Alpha | 0.7922 | |||
| Sortino Ratio | 0.2903 | |||
| Treynor Ratio | 2.3 |
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Complementary Tools for Shandong Stock analysis
When running Shandong Hongchuang's price analysis, check to measure Shandong Hongchuang'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 Shandong Hongchuang is operating at the current time. Most of Shandong Hongchuang's value examination focuses on studying past and present price action to predict the probability of Shandong Hongchuang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shandong Hongchuang's price. Additionally, you may evaluate how the addition of Shandong Hongchuang to your portfolios can decrease your overall portfolio volatility.
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