Risuntek (China) Price on July 16, 2024

002981 Stock   23.70  0.82  3.34%   
If you're considering investing in Risuntek Stock, it is important to understand the factors that can impact its price. As of today, the current price of Risuntek stands at 23.70, as last reported on the 23rd of March, with the highest price reaching 24.51 and the lowest price hitting 23.64 during the day. Risuntek maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. Risuntek exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Risuntek's Coefficient Of Variation of (45,868), risk adjusted performance of 0.0042, and Variance of 5.29 to confirm the risk estimate we provide.
  
Risuntek Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0022

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative Returns002981

Estimated Market Risk

 2.3
  actual daily
20
80% of assets are more volatile

Expected Return

 0.0
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  actual daily
0
Most of other assets perform better
Based on monthly moving average Risuntek 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 Risuntek by adding Risuntek to a well-diversified portfolio.

Risuntek Valuation on July 16, 2024

It is possible to determine the worth of Risuntek on a given historical date. On July 16, 2024 Risuntek was worth 19.0 at the beginning of the trading date compared to the closed value of 19.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Risuntek stock. Still, in general, we apply an absolute valuation method to find Risuntek'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 Risuntek where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Risuntek's related companies.
 Open High Low Close Volume
  19.88    20.30    19.57    19.57    11,076,441  
07/16/2024
  19.00    19.72    18.83    19.20    9,661,673  
  19.05    19.18    18.12    18.12    9,322,786  
Backtest Risuntek  |  Risuntek History  |  Risuntek Valuation   PreviousNext  
Open Value
19.0
19.2
Closing Value
25.90
Upside

Risuntek Trading Date Momentum on July 16, 2024

On July 17 2024 Risuntek was traded for  18.12  at the closing time. The highest price during the trading period was 19.18  and the lowest recorded bid was listed for  18.12 . The volume for the day was 9.3 M. This history from July 17, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 5.62% . The trading delta at closing time to the current price is 10.89% .

Risuntek Fundamentals Correlations and Trends

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

About Risuntek Stock history

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

Risuntek Stock Technical Analysis

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

Risuntek Period Price Range

Low
March 23, 2025
0.00  NaN%
High

 0.00 

     

 0.00 

Risuntek 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.

Risuntek March 23, 2025 Market Strength

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

Risuntek Technical and Predictive Indicators

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

When running Risuntek's price analysis, check to measure Risuntek'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 Risuntek is operating at the current time. Most of Risuntek's value examination focuses on studying past and present price action to predict the probability of Risuntek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Risuntek's price. Additionally, you may evaluate how the addition of Risuntek to your portfolios can decrease your overall portfolio volatility.
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets