Sinomine Resource (China) Price on May 17, 2023

002738 Stock   35.50  1.36  3.69%   
If you're considering investing in Sinomine Stock, it is important to understand the factors that can impact its price. As of today, the current price of Sinomine Resource stands at 35.50, as last reported on the 31st of December, with the highest price reaching 36.88 and the lowest price hitting 35.47 during the day. Sinomine Resource owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0197, which indicates the firm had a -0.0197% return per unit of risk over the last 3 months. Sinomine Resource Exploration exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sinomine Resource's Variance of 10.77, risk adjusted performance of (0.01), and Coefficient Of Variation of (5,078) to confirm the risk estimate we provide.
  
Sinomine Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0197

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Estimated Market Risk

 3.28
  actual daily
29
71% of assets are more volatile

Expected Return

 -0.06
  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 Sinomine Resource 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 Sinomine Resource by adding Sinomine Resource to a well-diversified portfolio.

Sinomine Resource Valuation on May 17, 2023

It is possible to determine the worth of Sinomine Resource on a given historical date. On May 17, 2023 Sinomine was worth 56.73 at the beginning of the trading date compared to the closed value of 55.72. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sinomine Resource stock. Still, in general, we apply an absolute valuation method to find Sinomine Resource'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 Sinomine Resource where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sinomine Resource's related companies.
 Open High Low Close Volume
  58.27    58.77    56.64    57.04    28,117,765  
05/17/2023
  56.73    57.40    55.31    55.72    18,904,713  
  55.81    56.86    55.07    56.24    18,656,769  
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Open Value
56.73
55.72
Closing Value
66.58
Upside

Sinomine Resource Trading Date Momentum on May 17, 2023

On May 18 2023 Sinomine Resource Exploration was traded for  56.24  at the closing time. The highest price during the trading period was 56.86  and the lowest recorded bid was listed for  55.07 . The volume for the day was 18.7 M. This history from May 18, 2023 contributed to the next trading day price jump. The daily price change to the next closing price was 0.93% . The trading price change to the current price is 9.10% .

Sinomine Resource Fundamentals Correlations and Trends

By evaluating Sinomine Resource'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 Sinomine Resource's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sinomine financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Sinomine Resource Stock history

Sinomine Resource 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 Sinomine is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sinomine Resource 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 Sinomine Resource stock prices may prove useful in developing a viable investing in Sinomine Resource

Sinomine Resource Stock Technical Analysis

Sinomine Resource 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 Sinomine Resource technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sinomine Resource 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

Sinomine Resource Period Price Range

Low
December 31, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Sinomine Resource Exploration 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.

Sinomine Resource December 31, 2024 Market Strength

Market strength indicators help investors to evaluate how Sinomine Resource stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sinomine Resource shares will generate the highest return on investment. By undertsting and applying Sinomine Resource stock market strength indicators, traders can identify Sinomine Resource Exploration entry and exit signals to maximize returns

Sinomine Resource Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Sinomine Resource's price direction in advance. Along with the technical and fundamental analysis of Sinomine Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sinomine 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 Sinomine Stock analysis

When running Sinomine Resource's price analysis, check to measure Sinomine Resource'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 Sinomine Resource is operating at the current time. Most of Sinomine Resource's value examination focuses on studying past and present price action to predict the probability of Sinomine Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sinomine Resource's price. Additionally, you may evaluate how the addition of Sinomine Resource to your portfolios can decrease your overall portfolio volatility.
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