Elite Color (China) Price on September 26, 2024

002998 Stock   6.74  0.15  2.18%   
Below is the normalized historical share price chart for Elite Color Environmental extending back to September 25, 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 Elite Color stands at 6.74, as last reported on the 4th of December, with the highest price reaching 6.90 and the lowest price hitting 6.69 during the day.
200 Day MA
5.9809
50 Day MA
6.0336
Beta
0.739
 
Covid
If you're considering investing in Elite Stock, it is important to understand the factors that can impact its price. Elite Color appears to be slightly risky, given 3 months investment horizon. Elite Color Environmental secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. By reviewing Elite Color's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Elite Color's Coefficient Of Variation of 534.01, mean deviation of 2.07, and Downside Deviation of 2.59 to check if our risk estimates are consistent with your expectations.
  
At present, Elite Color's Capital Stock is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 102.7 M, whereas Total Stockholder Equity is forecasted to decline to about 1.2 B. . Elite Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1768

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Estimated Market Risk

 2.95
  actual daily
26
74% of assets are more volatile

Expected Return

 0.52
  actual daily
10
90% of assets have higher returns

Risk-Adjusted Return

 0.18
  actual daily
13
87% of assets perform better
Based on monthly moving average Elite Color is performing at about 13% 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 Elite Color by adding it to a well-diversified portfolio.
Price Book
1.2602
Enterprise Value Ebitda
16.282
Price Sales
0.9268
Shares Float
149.6 M
Wall Street Target Price
9

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Elite Color Valuation on September 26, 2024

It is possible to determine the worth of Elite Color on a given historical date. On September 26, 2024 Elite was worth 5.26 at the beginning of the trading date compared to the closed value of 5.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elite Color stock. Still, in general, we apply an absolute valuation method to find Elite Color'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 Elite Color where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elite Color's related companies.
 Open High Low Close Volume
  5.25    5.35    5.20    5.27    5,874,269  
09/26/2024
  5.26    5.40    5.26    5.40    3,703,600  
  5.48    5.68    5.46    5.61    6,978,335  
Backtest Elite Color  |  Elite Color History  |  Elite Color Valuation   PreviousNext  
Open Value
5.26
5.4
Closing Value
14.12
Upside

Elite Color Trading Date Momentum on September 26, 2024

On September 27 2024 Elite Color Environmental was traded for  5.61  at the closing time. The highest price during the trading period was 5.68  and the lowest recorded bid was listed for  5.46 . The volume for the day was 7 M. This history from September 27, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 3.89% . The overall trading delta to the current price is 23.33% .

Elite Color Environmental Fundamentals Correlations and Trends

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

About Elite Color Stock history

Elite Color 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 Elite is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elite Color Environmental 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 Elite Color stock prices may prove useful in developing a viable investing in Elite Color
Last ReportedProjected for Next Year
Common Stock Shares Outstanding326.4 M319.6 M
Net Income Applicable To Common Shares89.3 M98.7 M

Elite Color Quarterly Net Working Capital

977.85 Million

Elite Color Stock Technical Analysis

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

Elite Color Period Price Range

Low
December 4, 2024
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High

 0.00 

     

 0.00 

Elite Color Environmental 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.

Elite Color December 4, 2024 Market Strength

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

Elite Color Technical and Predictive Indicators

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

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