New Hope (China) Price on September 27, 2024
| 002946 Stock | 14.89 0.41 2.83% |
Below is the normalized historical share price chart for New Hope Dairy extending back to January 25, 2019. 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 New Hope stands at 14.89, as last reported on the 12th of December 2024, with the highest price reaching 15.41 and the lowest price hitting 14.11 during the day.
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. New Hope appears to be somewhat reliable, given 3 months investment horizon. New Hope Dairy has Sharpe Ratio of 0.24, which conveys that the firm had a 0.24% return per unit of risk over the last 3 months. By analyzing New Hope's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please exercise New Hope's Mean Deviation of 2.52, risk adjusted performance of 0.1784, and Downside Deviation of 3.0 to check out if our risk estimates are consistent with your expectations.
New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.2411
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Estimated Market Risk
| 3.7 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.89 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average New Hope is performing at about 18% 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 New Hope by adding it to a well-diversified portfolio.
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New Hope Valuation on September 27, 2024
It is possible to determine the worth of New Hope on a given historical date. On September 27, 2024 New was worth 10.9 at the beginning of the trading date compared to the closed value of 11.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Hope stock. Still, in general, we apply an absolute valuation method to find New Hope'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 New Hope where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Hope's related companies.
| Open | High | Low | Close | Volume | |
| 9.60 | 10.23 | 9.58 | 10.20 | 8,096,372 | |
09/27/2024 | 10.90 | 11.22 | 10.78 | 11.22 | 5,641,853 |
| 11.89 | 12.34 | 11.75 | 12.34 | 24,961,244 |
| Backtest New Hope | | | New Hope History | | | New Hope Valuation | Previous | Next |
New Hope Trading Date Momentum on September 27, 2024
| On September 30 2024 New Hope Dairy was traded for 12.34 at the closing time. The highest price during the trading period was 12.34 and the lowest recorded bid was listed for 11.75 . The volume for the day was 25 M. This history from September 30, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 9.98% . The trading delta at closing time to the current price is 20.23% . |
New Hope Dairy Fundamentals Correlations and Trends
By evaluating New Hope'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 New Hope's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.About New Hope Stock history
New Hope 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 New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Hope Dairy 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 New Hope stock prices may prove useful in developing a viable investing in New Hope
New Hope Stock Technical Analysis
New Hope 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
New Hope Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
New Hope Dairy 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.
New Hope December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how New Hope stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Hope shares will generate the highest return on investment. By undertsting and applying New Hope stock market strength indicators, traders can identify New Hope Dairy entry and exit signals to maximize returns
New Hope Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Hope's price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New 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 | 0.1784 | |||
| Jensen Alpha | 0.8221 | |||
| Total Risk Alpha | 0.2605 | |||
| Sortino Ratio | 0.2327 | |||
| Treynor Ratio | (10.25) |
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Complementary Tools for New Stock analysis
When running New Hope's price analysis, check to measure New Hope'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 New Hope is operating at the current time. Most of New Hope's value examination focuses on studying past and present price action to predict the probability of New Hope's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Hope's price. Additionally, you may evaluate how the addition of New Hope to your portfolios can decrease your overall portfolio volatility.
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
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