Changzhou Almaden (China) Price on May 6, 2024
002623 Stock | 15.26 0.38 2.43% |
If you're considering investing in Changzhou Stock, it is important to understand the factors that can impact its price. As of today, the current price of Changzhou Almaden stands at 15.26, as last reported on the 28th of March, with the highest price reaching 15.63 and the lowest price hitting 15.11 during the day. Changzhou Almaden secures Sharpe Ratio (or Efficiency) of -0.028, which signifies that the company had a -0.028 % return per unit of standard deviation over the last 3 months. Changzhou Almaden Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Changzhou Almaden's risk adjusted performance of (0.02), and Mean Deviation of 1.33 to double-check the risk estimate we provide.
Changzhou Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Changzhou |
Sharpe Ratio = -0.028
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Negative Returns | 002623 |
Estimated Market Risk
1.68 actual daily | 15 85% of assets are more volatile |
Expected Return
-0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Changzhou Almaden 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 Changzhou Almaden by adding Changzhou Almaden to a well-diversified portfolio.
Changzhou Almaden Valuation on May 6, 2024
It is possible to determine the worth of Changzhou Almaden on a given historical date. On May 6, 2024 Changzhou was worth 19.0 at the beginning of the trading date compared to the closed value of 19.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Changzhou Almaden stock. Still, in general, we apply an absolute valuation method to find Changzhou Almaden'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 Changzhou Almaden where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Changzhou Almaden's related companies.
Open | High | Low | Close | Volume | |
19.32 | 19.38 | 18.71 | 18.82 | 3,525,725 | |
05/06/2024 | 19.00 | 19.42 | 19.00 | 19.28 | 2,463,472 |
19.32 | 19.64 | 19.15 | 19.63 | 2,657,985 |
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Changzhou Almaden Trading Date Momentum on May 6, 2024
On May 07 2024 Changzhou Almaden Co was traded for 19.63 at the closing time. The highest price during the trading period was 19.64 and the lowest recorded bid was listed for 19.15 . The volume for the day was 2.7 M. This history from May 7, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 1.82% . The overall trading delta to the current price is 2.02% . |
Changzhou Almaden Fundamentals Correlations and Trends
By evaluating Changzhou Almaden'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 Changzhou Almaden's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Changzhou financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Changzhou Almaden Stock history
Changzhou Almaden 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 Changzhou is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Changzhou Almaden 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 Changzhou Almaden stock prices may prove useful in developing a viable investing in Changzhou Almaden
Changzhou Almaden Stock Technical Analysis
Changzhou Almaden 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
Changzhou Almaden Period Price Range
Low | March 28, 2025
| High |
0.00 | 0.00 |
Changzhou Almaden Co 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.
Changzhou Almaden March 28, 2025 Market Strength
Market strength indicators help investors to evaluate how Changzhou Almaden stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Changzhou Almaden shares will generate the highest return on investment. By undertsting and applying Changzhou Almaden stock market strength indicators, traders can identify Changzhou Almaden Co entry and exit signals to maximize returns
Changzhou Almaden Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Changzhou Almaden's price direction in advance. Along with the technical and fundamental analysis of Changzhou Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Changzhou 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 | (0.02) | |||
Jensen Alpha | (0.05) | |||
Total Risk Alpha | (0) | |||
Treynor Ratio | (0.17) |
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Pattern Recognition | ||
Price Transform | ||
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Volume Indicators |
Complementary Tools for Changzhou Stock analysis
When running Changzhou Almaden's price analysis, check to measure Changzhou Almaden'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 Changzhou Almaden is operating at the current time. Most of Changzhou Almaden's value examination focuses on studying past and present price action to predict the probability of Changzhou Almaden's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Changzhou Almaden's price. Additionally, you may evaluate how the addition of Changzhou Almaden to your portfolios can decrease your overall portfolio volatility.
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