Shandong Polymer (China) Price on February 29, 2024

002476 Stock   3.97  0.21  5.02%   
If you're considering investing in Shandong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shandong Polymer stands at 3.97, as last reported on the 4th of January, with the highest price reaching 4.21 and the lowest price hitting 3.95 during the day. Shandong Polymer Bio owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0161, which indicates the firm had a -0.0161% return per unit of risk over the last 3 months. Shandong Polymer Biochemicals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shandong Polymer's Risk Adjusted Performance of (0.01), variance of 11.08, and Coefficient Of Variation of (6,199) to confirm the risk estimate we provide.
  
Shandong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0161

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Estimated Market Risk

 3.33
  actual daily
29
71% of assets are more volatile

Expected Return

 -0.05
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average Shandong Polymer is not performing at its full potential. However, 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 Polymer by adding Shandong Polymer to a well-diversified portfolio.

Shandong Polymer Valuation on February 29, 2024

It is possible to determine the worth of Shandong Polymer on a given historical date. On February 29, 2024 Shandong was worth 4.65 at the beginning of the trading date compared to the closed value of 4.83. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shandong Polymer stock. Still, in general, we apply an absolute valuation method to find Shandong Polymer'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 Polymer where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shandong Polymer's related companies.
 Open High Low Close Volume
  5.20    5.31    4.68    4.68    34,242,672  
02/29/2024
  4.65    4.84    4.59    4.83    16,515,255  
  4.83    4.88    4.72    4.79    12,617,566  
Backtest Shandong Polymer  |  Shandong Polymer History  |  Shandong Polymer Valuation   PreviousNext  
Open Value
4.65
4.83
Closing Value
14.63
Upside

Shandong Polymer Trading Date Momentum on February 29, 2024

On March 01 2024 Shandong Polymer Biochemicals was traded for  4.79  at the closing time. The highest price during the trading period was 4.88  and the lowest recorded bid was listed for  4.72 . The volume for the day was 12.6 M. This history from March 1, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.83% . The trading price change to the current price is 8.90% .

Shandong Polymer Bio Fundamentals Correlations and Trends

By evaluating Shandong Polymer'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 Polymer'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 Polymer Stock history

Shandong Polymer 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 Polymer Bio 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 Polymer stock prices may prove useful in developing a viable investing in Shandong Polymer

Shandong Polymer Stock Technical Analysis

Shandong Polymer 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.
A focus of Shandong Polymer technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Shandong Polymer trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Shandong Polymer Period Price Range

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January 4, 2025
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Shandong Polymer Biochemicals 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 Polymer January 4, 2025 Market Strength

Market strength indicators help investors to evaluate how Shandong Polymer 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 Polymer shares will generate the highest return on investment. By undertsting and applying Shandong Polymer stock market strength indicators, traders can identify Shandong Polymer Biochemicals entry and exit signals to maximize returns

Shandong Polymer Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Shandong Polymer'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.

Complementary Tools for Shandong Stock analysis

When running Shandong Polymer's price analysis, check to measure Shandong Polymer'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 Polymer is operating at the current time. Most of Shandong Polymer's value examination focuses on studying past and present price action to predict the probability of Shandong Polymer'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 Polymer's price. Additionally, you may evaluate how the addition of Shandong Polymer to your portfolios can decrease your overall portfolio volatility.
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