Tongding Interconnection (China) Price on December 11, 2024
| 002491 Stock | 5.12 0.24 4.92% |
Below is the normalized historical share price chart for Tongding Interconnection Information extending back to October 21, 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 Tongding Interconnection stands at 5.12, as last reported on the 21st of December, with the highest price reaching 5.37 and the lowest price hitting 4.75 during the day.
If you're considering investing in Tongding Stock, it is important to understand the factors that can impact its price. Tongding Interconnection appears to be slightly risky, given 3 months investment horizon. Tongding Interconnection owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the firm had a 0.26% return per unit of risk over the last 3 months. By inspecting Tongding Interconnection's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please review Tongding Interconnection's Risk Adjusted Performance of 0.2149, semi deviation of 2.31, and Coefficient Of Variation of 381.51 to confirm if our risk estimates are consistent with your expectations.
As of December 21, 2024, Total Stockholder Equity is expected to decline to about 2.4 B. In addition to that, Common Stock is expected to decline to about 821.3 M. Tongding Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 21st of October 2010 | 200 Day MA 4.0034 | 50 Day MA 4.4264 | Beta (0.18) |
Tongding |
Sharpe Ratio = 0.2572
| Best Portfolio | Best Equity | |||
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| Small Returns | 002491 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.99 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.77 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Tongding Interconnection is performing at about 20% 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 Tongding Interconnection by adding it to a well-diversified portfolio.
Price Book 2.5448 | Enterprise Value Ebitda 44.478 | Price Sales 2.1309 | Shares Float 632 M | Wall Street Target Price 11.93 |
Tongding Interconnection Main Headline on 11th of December 2024
Is Now An Opportune Moment To Examine Xinfengming Group Co.,... by news.google.com
Is Now An Opportune Moment To Examine Xinfengming Group Co., Ltd. Simply Wall St
Tongding Interconnection Valuation on December 11, 2024
It is possible to determine the worth of Tongding Interconnection on a given historical date. On December 11, 2024 Tongding was worth 4.8 at the beginning of the trading date compared to the closed value of 4.93. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tongding Interconnection stock. Still, in general, we apply an absolute valuation method to find Tongding Interconnection'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 Tongding Interconnection where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tongding Interconnection's related companies.
| Open | High | Low | Close | Volume | |
| 4.82 | 4.88 | 4.72 | 4.82 | 24,780,700 | |
12/11/2024 | 4.80 | 4.95 | 4.78 | 4.93 | 23,196,540 |
| 4.93 | 4.96 | 4.82 | 4.91 | 20,803,900 |
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Tongding Interconnection Trading Date Momentum on December 11, 2024
| On December 12 2024 Tongding Interconnection Information was traded for 4.91 at the closing time. The highest price during the trading period was 4.96 and the lowest recorded bid was listed for 4.82 . The volume for the day was 20.8 M. This history from December 12, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.41% . The trading price change to the current price is 1.83% . |
Tongding Interconnection Fundamentals Correlations and Trends
By evaluating Tongding Interconnection'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 Tongding Interconnection's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tongding financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tongding Interconnection Stock history
Tongding Interconnection 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 Tongding is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tongding Interconnection 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 Tongding Interconnection stock prices may prove useful in developing a viable investing in Tongding Interconnection
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.1 B | 998.4 M | |
| Net Income Applicable To Common Shares | 112.9 M | 118.6 M |
Tongding Interconnection Stock Technical Analysis
Tongding Interconnection 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
Tongding Interconnection Period Price Range
Low | December 21, 2024
| High |
0.00 | 0.00 |
Tongding Interconnection Information 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.
Tongding Interconnection December 21, 2024 Market Strength
Market strength indicators help investors to evaluate how Tongding Interconnection stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tongding Interconnection shares will generate the highest return on investment. By undertsting and applying Tongding Interconnection stock market strength indicators, traders can identify Tongding Interconnection Information entry and exit signals to maximize returns
Tongding Interconnection Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tongding Interconnection's price direction in advance. Along with the technical and fundamental analysis of Tongding Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tongding 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 | 0.2149 | |||
| Jensen Alpha | 0.7474 | |||
| Total Risk Alpha | 0.6695 | |||
| Sortino Ratio | 0.2503 | |||
| Treynor Ratio | 4.81 |
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| Volume Indicators |
Complementary Tools for Tongding Stock analysis
When running Tongding Interconnection's price analysis, check to measure Tongding Interconnection'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 Tongding Interconnection is operating at the current time. Most of Tongding Interconnection's value examination focuses on studying past and present price action to predict the probability of Tongding Interconnection's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tongding Interconnection's price. Additionally, you may evaluate how the addition of Tongding Interconnection to your portfolios can decrease your overall portfolio volatility.
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