Chongqing Shunbo (China) Price on March 1, 2024
| 002996 Stock | 6.87 0.16 2.38% |
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 6.87, as last reported on the 27th of December, with the highest price reaching 6.93 and the lowest price hitting 6.72 during the day.
If you're considering investing in Chongqing Stock, it is important to understand the factors that can impact its price. At this point, Chongqing Shunbo is slightly risky. Chongqing Shunbo Aluminum secures Sharpe Ratio (or Efficiency) of 0.0526, which signifies that the company had a 0.0526% 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 confirm Chongqing Shunbo's Mean Deviation of 2.09, downside deviation of 3.1, and Risk Adjusted Performance of 0.13 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%.
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.
200 Day MA 6.2841 | 50 Day MA 6.6204 | Beta 0.402 |
Chongqing |
Sharpe Ratio = 0.0526
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| Cash | Small Risk | 002996 | High Risk | Huge Risk |
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Estimated Market Risk
| 2.74 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Chongqing Shunbo is performing at about 4% 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 1.3708 | Enterprise Value Ebitda 26.6088 | Price Sales 0.3285 | Shares Float 376.7 M | Dividend Share 0.077 |
Chongqing Shunbo Valuation on March 1, 2024
It is possible to determine the worth of Chongqing Shunbo on a given historical date. On March 1, 2024 Chongqing was worth 6.44 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 | |
| 6.20 | 6.39 | 6.07 | 6.39 | 5,475,195 | |
03/01/2024 | 6.44 | 6.51 | 6.29 | 6.35 | 3,753,322 |
| 6.33 | 6.41 | 6.16 | 6.35 | 3,183,309 |
| Backtest Chongqing Shunbo | | | Chongqing Shunbo History | | | Chongqing Shunbo Valuation | Previous | Next |
Chongqing Shunbo Trading Date Momentum on March 1, 2024
| On March 04 2024 Chongqing Shunbo Aluminum was traded for 6.35 at the closing time. The highest price during the trading period was 6.41 and the lowest recorded bid was listed for 6.16 . The volume for the day was 3.2 M. This history from March 4, 2024 did not affect price variability. The overall trading delta to the current price is 3.46% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 439 M | 453.8 M | |
| Net Income Applicable To Common Shares | 393.5 M | 209.1 M |
Chongqing Shunbo Quarterly Net Working Capital |
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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.
Price Boundaries
Chongqing Shunbo Period Price Range
Low | December 27, 2024
| 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 27, 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.
| Risk Adjusted Performance | 0.13 | |||
| Jensen Alpha | 0.4474 | |||
| Total Risk Alpha | 0.2786 | |||
| Sortino Ratio | 0.1265 | |||
| Treynor Ratio | (1.62) |
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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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