Bank of Qingdao (China) Price on October 8, 2024
| 002948 Stock | 3.84 0.05 1.32% |
Below is the normalized historical share price chart for Bank of Qingdao extending back to January 16, 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 Bank of Qingdao stands at 3.84, as last reported on the 25th of December, with the highest price reaching 3.84 and the lowest price hitting 3.77 during the day.
If you're considering investing in Bank Stock, it is important to understand the factors that can impact its price. At this point, Bank of Qingdao is slightly risky. Bank of Qingdao secures Sharpe Ratio (or Efficiency) of 0.0755, which signifies that the company had a 0.0755% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bank of Qingdao, which you can use to evaluate the volatility of the firm. Please confirm Bank of Qingdao's Risk Adjusted Performance of 0.1462, mean deviation of 1.48, and Downside Deviation of 2.17 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%.
At present, Bank of Qingdao's Other Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Capital Stock is expected to grow to about 8.1 B, whereas Total Stockholder Equity is forecasted to decline to about 31.1 B. . Bank Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 3.4542 | 50 Day MA 3.751 | Beta 0.557 |
Bank |
Sharpe Ratio = 0.0755
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Estimated Market Risk
| 2.08 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 5 95% of assets perform better |
Based on monthly moving average Bank of Qingdao is performing at about 5% 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 Bank of Qingdao by adding it to a well-diversified portfolio.
Price Book 0.5327 | Price Sales 2.1204 | Shares Float 1.8 B | Dividend Share 0.16 | Wall Street Target Price 4.4 |
Bank of Qingdao Valuation on October 8, 2024
It is possible to determine the worth of Bank of Qingdao on a given historical date. On October 8, 2024 Bank was worth 4.15 at the beginning of the trading date compared to the closed value of 3.87. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bank of Qingdao stock. Still, in general, we apply an absolute valuation method to find Bank of Qingdao'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 Bank of Qingdao where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bank of Qingdao's related companies.
| Open | High | Low | Close | Volume | |
| 3.57 | 3.80 | 3.55 | 3.78 | 96,137,841 | |
10/08/2024 | 4.15 | 4.15 | 3.72 | 3.87 | 106,174,337 |
| 3.80 | 3.80 | 3.54 | 3.56 | 79,437,840 |
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Bank of Qingdao Trading Date Momentum on October 8, 2024
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Bank of Qingdao Fundamentals Correlations and Trends
By evaluating Bank of Qingdao'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 Bank of Qingdao's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bank financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bank of Qingdao Stock history
Bank of Qingdao 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 Bank is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bank of Qingdao 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 Bank of Qingdao stock prices may prove useful in developing a viable investing in Bank of Qingdao
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 6.7 B | 5.2 B | |
| Net Income Applicable To Common Shares | 3.5 B | 2.3 B |
Bank of Qingdao Stock Technical Analysis
Bank of Qingdao 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
Bank of Qingdao Period Price Range
Low | December 25, 2024
| High |
0.00 | 0.00 |
Bank of Qingdao 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.
Bank of Qingdao December 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Bank of Qingdao stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bank of Qingdao shares will generate the highest return on investment. By undertsting and applying Bank of Qingdao stock market strength indicators, traders can identify Bank of Qingdao entry and exit signals to maximize returns
Bank of Qingdao Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bank of Qingdao's price direction in advance. Along with the technical and fundamental analysis of Bank Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bank 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 | 0.1462 | |||
| Jensen Alpha | 0.367 | |||
| Total Risk Alpha | 0.2738 | |||
| Sortino Ratio | 0.1536 | |||
| Treynor Ratio | 25.34 |
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| Volume Indicators |
Complementary Tools for Bank Stock analysis
When running Bank of Qingdao's price analysis, check to measure Bank of Qingdao'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 Bank of Qingdao is operating at the current time. Most of Bank of Qingdao's value examination focuses on studying past and present price action to predict the probability of Bank of Qingdao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Qingdao's price. Additionally, you may evaluate how the addition of Bank of Qingdao to your portfolios can decrease your overall portfolio volatility.
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