Mingchen Health (China) Price on August 5, 2024
| 002919 Stock | 15.43 0.13 0.84% |
Below is the normalized historical share price chart for Mingchen Health Co extending back to December 18, 2017. 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 Mingchen Health stands at 15.43, as last reported on the 2nd of December, with the highest price reaching 15.69 and the lowest price hitting 15.16 during the day.
If you're considering investing in Mingchen Stock, it is important to understand the factors that can impact its price. Mingchen Health appears to be somewhat reliable, given 3 months investment horizon. Mingchen Health has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Mingchen Health's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please exercise Mingchen Health's Mean Deviation of 2.68, risk adjusted performance of 0.0615, and Downside Deviation of 3.9 to check out if our risk estimates are consistent with your expectations.
The current year's Other Stockholder Equity is expected to grow to about 261.8 M, whereas Total Stockholder Equity is forecasted to decline to about 546.3 M. . Mingchen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 14.8078 | 50 Day MA 14.2988 | Beta 0.074 |
Mingchen |
Sharpe Ratio = 0.1586
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Estimated Market Risk
| 3.56 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Mingchen Health 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 Mingchen Health by adding it to a well-diversified portfolio.
Price Book 4.7086 | Enterprise Value Ebitda 186.8333 | Price Sales 3.14 | Shares Float 131.5 M | Dividend Share 0.125 |
Mingchen Health Valuation on August 5, 2024
It is possible to determine the worth of Mingchen Health on a given historical date. On August 5, 2024 Mingchen was worth 11.26 at the beginning of the trading date compared to the closed value of 12.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mingchen Health stock. Still, in general, we apply an absolute valuation method to find Mingchen Health'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 Mingchen Health where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mingchen Health's related companies.
| Open | High | Low | Close | Volume | |
| 10.98 | 11.35 | 10.98 | 11.10 | 3,818,548 | |
08/05/2024 | 11.26 | 12.21 | 11.11 | 12.21 | 6,110,796 |
| 13.10 | 13.43 | 12.57 | 13.43 | 36,083,426 |
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Mingchen Health Trading Date Momentum on August 5, 2024
| On August 06 2024 Mingchen Health Co was traded for 13.43 at the closing time. The highest price during the trading period was 13.43 and the lowest recorded bid was listed for 12.57 . The volume for the day was 36.1 M. This history from August 6, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 9.99% . The trading delta at closing time to the current price is 9.75% . |
Mingchen Health Fundamentals Correlations and Trends
By evaluating Mingchen Health'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 Mingchen Health's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mingchen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mingchen Health Stock history
Mingchen Health 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 Mingchen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mingchen Health 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 Mingchen Health stock prices may prove useful in developing a viable investing in Mingchen Health
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 219.9 M | 199.3 M | |
| Net Income Applicable To Common Shares | 29.1 M | 27.7 M |
Mingchen Health Quarterly Net Working Capital |
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Mingchen Health Stock Technical Analysis
Mingchen Health 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
Mingchen Health Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Mingchen Health 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.
Mingchen Health December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Mingchen Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mingchen Health shares will generate the highest return on investment. By undertsting and applying Mingchen Health stock market strength indicators, traders can identify Mingchen Health Co entry and exit signals to maximize returns
Mingchen Health Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mingchen Health's price direction in advance. Along with the technical and fundamental analysis of Mingchen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mingchen 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 | 0.0615 | |||
| Jensen Alpha | 0.2092 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0303 | |||
| Treynor Ratio | 0.8585 |
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| Volume Indicators |
Complementary Tools for Mingchen Stock analysis
When running Mingchen Health's price analysis, check to measure Mingchen Health'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 Mingchen Health is operating at the current time. Most of Mingchen Health's value examination focuses on studying past and present price action to predict the probability of Mingchen Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mingchen Health's price. Additionally, you may evaluate how the addition of Mingchen Health to your portfolios can decrease your overall portfolio volatility.
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