Jiangxi Ganfeng (China) Price on November 17, 2023
| 002460 Stock | 36.43 0.25 0.68% |
If you're considering investing in Jiangxi Stock, it is important to understand the factors that can impact its price. As of today, the current price of Jiangxi Ganfeng stands at 36.43, as last reported on the 19th of December, with the highest price reaching 36.60 and the lowest price hitting 35.91 during the day. Jiangxi Ganfeng appears to be not too volatile, given 3 months investment horizon. Jiangxi Ganfeng Lithium holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By evaluating Jiangxi Ganfeng's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize Jiangxi Ganfeng's Risk Adjusted Performance of 0.1332, market risk adjusted performance of (2.83), and Downside Deviation of 3.61 to validate if our risk estimates are consistent with your expectations.
Jiangxi Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Jiangxi |
Sharpe Ratio = 0.1574
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 002460 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.38 actual daily | 39 61% of assets are more volatile |
Expected Return
| 0.69 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Jiangxi Ganfeng is performing at about 12% 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 Jiangxi Ganfeng by adding it to a well-diversified portfolio.
Jiangxi Ganfeng Valuation on November 17, 2023
It is possible to determine the worth of Jiangxi Ganfeng on a given historical date. On November 17, 2023 Jiangxi was worth 42.64 at the beginning of the trading date compared to the closed value of 42.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Jiangxi Ganfeng stock. Still, in general, we apply an absolute valuation method to find Jiangxi Ganfeng'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 Jiangxi Ganfeng where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Jiangxi Ganfeng's related companies.
| Open | High | Low | Close | Volume | |
| 43.71 | 43.89 | 42.99 | 43.00 | 26,902,466 | |
11/17/2023 | 42.64 | 42.94 | 42.57 | 42.79 | 18,899,137 |
| 42.99 | 43.10 | 42.18 | 42.74 | 18,941,401 |
| Backtest Jiangxi Ganfeng | | | Jiangxi Ganfeng History | | | Jiangxi Ganfeng Valuation | Previous | Next |
Jiangxi Ganfeng Trading Date Momentum on November 17, 2023
| On November 20 2023 Jiangxi Ganfeng Lithium was traded for 42.74 at the closing time. The highest price during the trading period was 43.10 and the lowest recorded bid was listed for 42.18 . The volume for the day was 18.9 M. This history from November 20, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.12% . The trading delta at closing time to the current price is 5.77% . |
Jiangxi Ganfeng Lithium Fundamentals Correlations and Trends
By evaluating Jiangxi Ganfeng'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 Jiangxi Ganfeng's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Jiangxi financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Jiangxi Ganfeng Stock history
Jiangxi Ganfeng 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 Jiangxi is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Jiangxi Ganfeng Lithium 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 Jiangxi Ganfeng stock prices may prove useful in developing a viable investing in Jiangxi Ganfeng
Jiangxi Ganfeng Stock Technical Analysis
Jiangxi Ganfeng 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
Jiangxi Ganfeng Period Price Range
Low | December 19, 2024
| High |
0.00 | 0.00 |
Jiangxi Ganfeng Lithium 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.
Jiangxi Ganfeng December 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Jiangxi Ganfeng stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Jiangxi Ganfeng shares will generate the highest return on investment. By undertsting and applying Jiangxi Ganfeng stock market strength indicators, traders can identify Jiangxi Ganfeng Lithium entry and exit signals to maximize returns
Jiangxi Ganfeng Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Jiangxi Ganfeng's price direction in advance. Along with the technical and fundamental analysis of Jiangxi Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Jiangxi 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 | 0.1332 | |||
| Jensen Alpha | 0.6855 | |||
| Total Risk Alpha | 0.5507 | |||
| Sortino Ratio | 0.182 | |||
| Treynor Ratio | (2.84) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Jiangxi Stock analysis
When running Jiangxi Ganfeng's price analysis, check to measure Jiangxi Ganfeng'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 Jiangxi Ganfeng is operating at the current time. Most of Jiangxi Ganfeng's value examination focuses on studying past and present price action to predict the probability of Jiangxi Ganfeng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jiangxi Ganfeng's price. Additionally, you may evaluate how the addition of Jiangxi Ganfeng to your portfolios can decrease your overall portfolio volatility.
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing |