Chongqing Shunbo (China) Price on February 26, 2024

002996 Stock   6.86  0.25  3.78%   
Below is the normalized historical share price chart for Chongqing Shunbo Aluminum extending back to August 28, 2020. 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 Chongqing Shunbo stands at 6.86, as last reported on the 25th of December, with the highest price reaching 6.86 and the lowest price hitting 6.61 during the day.
200 Day MA
6.2819
50 Day MA
6.5786
Beta
0.402
 
Covid
If you're considering investing in Chongqing Stock, it is important to understand the factors that can impact its price. Chongqing Shunbo appears to be slightly risky, given 3 months investment horizon. Chongqing Shunbo Aluminum secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Chongqing Shunbo Aluminum, which you can use to evaluate the volatility of the firm. Please makes use of Chongqing Shunbo's Downside Deviation of 3.14, mean deviation of 2.13, and Risk Adjusted Performance of 0.1578 to double-check if our risk estimates are consistent with your expectations.
  
At present, Chongqing Shunbo's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 8 B, whereas Common Stock is forecasted to decline to about 303.4 M. . Chongqing Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1365

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Estimated Market Risk

 3.01
  actual daily
26
74% of assets are more volatile

Expected Return

 0.41
  actual daily
8
92% of assets have higher returns

Risk-Adjusted Return

 0.14
  actual daily
10
90% of assets perform better
Based on monthly moving average Chongqing Shunbo is performing at about 10% 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 Chongqing Shunbo by adding it to a well-diversified portfolio.
Price Book
1.3484
Enterprise Value Ebitda
26.3953
Price Sales
0.3359
Shares Float
376.7 M
Dividend Share
0.077

Chongqing Shunbo Main Headline on 26th of February 2024

There Are Reasons To Feel Uneasy About Chongqing Shunbo AluminumLtds Returns On Capital Simply Wall St

Chongqing Shunbo Valuation on February 26, 2024

It is possible to determine the worth of Chongqing Shunbo on a given historical date. On February 26, 2024 Chongqing was worth 6.26 at the beginning of the trading date compared to the closed value of 6.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chongqing Shunbo stock. Still, in general, we apply an absolute valuation method to find Chongqing Shunbo'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 Chongqing Shunbo where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chongqing Shunbo's related companies.
 Open High Low Close Volume
  7.97    8.28    6.26    6.26    6,305,323  
02/26/2024
  6.26    6.54    6.22    6.35    5,478,848  
  8.46    8.86    6.72    6.72    4,850,025  
Backtest Chongqing Shunbo  |  Chongqing Shunbo History  |  Chongqing Shunbo Valuation   PreviousNext  
Open Value
6.26
6.35
Closing Value
15.28
Upside

Chongqing Shunbo Trading Date Momentum on February 26, 2024

On February 27 2024 Chongqing Shunbo Aluminum was traded for  6.72  at the closing time. The highest price during the trading period was 8.86  and the lowest recorded bid was listed for  6.72 . The volume for the day was 4.9 M. This history from February 27, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 5.83% . The overall trading delta to the current price is 32.60% .

Chongqing Shunbo Aluminum Fundamentals Correlations and Trends

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

About Chongqing Shunbo Stock history

Chongqing Shunbo 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 Chongqing is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chongqing Shunbo Aluminum 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 Chongqing Shunbo stock prices may prove useful in developing a viable investing in Chongqing Shunbo
Last ReportedProjected for Next Year
Common Stock Shares Outstanding439 M453.8 M
Net Income Applicable To Common Shares393.5 M209.1 M

Chongqing Shunbo Quarterly Net Working Capital

2.75 Billion

Chongqing Shunbo Stock Technical Analysis

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

Chongqing Shunbo Period Price Range

Low
December 25, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Chongqing Shunbo Aluminum 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.

Chongqing Shunbo December 25, 2024 Market Strength

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

Chongqing Shunbo Technical and Predictive Indicators

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

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