Xinjiang Communications (China) Price on August 8, 2023

002941 Stock   10.53  0.10  0.94%   
If you're considering investing in Xinjiang Stock, it is important to understand the factors that can impact its price. As of today, the current price of Xinjiang Communications stands at 10.53, as last reported on the 10th of January, with the highest price reaching 10.62 and the lowest price hitting 10.30 during the day. Xinjiang Communications shows Sharpe Ratio of -0.0476, which attests that the company had a -0.0476% return per unit of risk over the last 3 months. Xinjiang Communications exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xinjiang Communications' Mean Deviation of 1.91, standard deviation of 2.67, and Market Risk Adjusted Performance of 0.9219 to validate the risk estimate we provide.
  
Xinjiang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0476

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Estimated Market Risk

 2.67
  actual daily
23
77% of assets are more volatile

Expected Return

 -0.13
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  actual daily
0
Most of other assets perform better
Based on monthly moving average Xinjiang Communications 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 Xinjiang Communications by adding Xinjiang Communications to a well-diversified portfolio.

Xinjiang Communications Valuation on August 8, 2023

It is possible to determine the worth of Xinjiang Communications on a given historical date. On August 8, 2023 Xinjiang was worth 16.78 at the beginning of the trading date compared to the closed value of 16.49. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Xinjiang Communications stock. Still, in general, we apply an absolute valuation method to find Xinjiang Communications' 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 Xinjiang Communications where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Xinjiang Communications' related companies.
 Open High Low Close Volume
  16.64    17.13    16.40    16.71    34,045,809  
08/08/2023
  16.78    16.87    16.45    16.49    17,625,580  
  16.45    16.83    16.35    16.56    16,843,070  
Backtest Xinjiang Communications  |  Xinjiang Communications History  |  Xinjiang Communications Valuation   PreviousNext  
Open Value
16.78
16.49
Closing Value
24.79
Upside

Xinjiang Communications Trading Date Momentum on August 8, 2023

On August 09 2023 Xinjiang Communications Construction was traded for  16.56  at the closing time. The highest price during the trading period was 16.83  and the lowest recorded bid was listed for  16.35 . The volume for the day was 16.8 M. This history from August 9, 2023 contributed to the next trading day price jump. The daily price change to the next closing price was 0.42% . The trading price change to the current price is 10.61% .

Xinjiang Communications Fundamentals Correlations and Trends

By evaluating Xinjiang Communications' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Xinjiang Communications' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Xinjiang financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Xinjiang Communications Stock history

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

Xinjiang Communications Stock Technical Analysis

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

Xinjiang Communications Period Price Range

Low
January 10, 2025
0.00  NaN%
High

 0.00 

     

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Xinjiang Communications Construction 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.

Xinjiang Communications January 10, 2025 Market Strength

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

Xinjiang Communications Technical and Predictive Indicators

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

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