China Petrochemical (Taiwan) Price on October 21, 2024
1314 Stock | TWD 8.03 0.03 0.37% |
If you're considering investing in China Stock, it is important to understand the factors that can impact its price. As of today, the current price of China Petrochemical stands at 8.03, as last reported on the 11th of December 2024, with the highest price reaching 8.20 and the lowest price hitting 8.03 during the day. China Petrochemical secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. China Petrochemical Development exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Petrochemical's Standard Deviation of 1.68, mean deviation of 1.18, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide.
China Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
China |
Sharpe Ratio = -0.1029
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Negative Returns | 1314 |
Estimated Market Risk
1.7 actual daily | 15 85% of assets are more volatile |
Expected Return
-0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average China Petrochemical 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 China Petrochemical by adding China Petrochemical to a well-diversified portfolio.
China Petrochemical Valuation on October 21, 2024
It is possible to determine the worth of China Petrochemical on a given historical date. On October 21, 2024 China was worth 8.1 at the beginning of the trading date compared to the closed value of 8.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of China Petrochemical stock. Still, in general, we apply an absolute valuation method to find China Petrochemical'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 China Petrochemical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against China Petrochemical's related companies.
Open | High | Low | Close | Volume | |
8.18 | 8.18 | 8.04 | 8.09 | 25,279,416 | |
10/21/2024 | 8.10 | 8.12 | 8.01 | 8.10 | 20,779,201 |
8.10 | 8.15 | 8.07 | 8.14 | 11,572,172 |
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China Petrochemical Trading Date Momentum on October 21, 2024
On October 22 2024 China Petrochemical Development was traded for 8.14 at the closing time. The highest price during the trading period was 8.15 and the lowest recorded bid was listed for 8.07 . The volume for the day was 11.6 M. This history from October 22, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.49% . The overall trading delta to the current price is 1.11% . |
China Petrochemical Fundamentals Correlations and Trends
By evaluating China Petrochemical'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 China Petrochemical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. China financial account trend analysis is a perfect complement when working with valuation or volatility modules.About China Petrochemical Stock history
China Petrochemical 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 China is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in China Petrochemical 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 China Petrochemical stock prices may prove useful in developing a viable investing in China Petrochemical
China Petrochemical Development Corporation, together with its subsidiaries, produces and sells petrochemical intermediates and related engineering plastics, synthetic resins, chemical fiber, and other derivative products in Taiwan and internationally. The company was founded in 1969 and is headquartered in Kaohsiung City, Taiwan. CHINA PETROCHEMICAL operates under Specialty Chemicals classification in Taiwan and is traded on Taiwan Stock Exchange.
China Petrochemical Stock Technical Analysis
China Petrochemical 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
China Petrochemical Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
China Petrochemical Development cannot be verified against its exchange. Please verify the symbol is currently traded on Taiwan 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.
China Petrochemical December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how China Petrochemical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading China Petrochemical shares will generate the highest return on investment. By undertsting and applying China Petrochemical stock market strength indicators, traders can identify China Petrochemical Development entry and exit signals to maximize returns
China Petrochemical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for China Petrochemical's price direction in advance. Along with the technical and fundamental analysis of China Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of China 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 | (0.06) | |||
Jensen Alpha | (0.16) | |||
Total Risk Alpha | (0.42) | |||
Treynor Ratio | (2.27) |
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Additional Tools for China Stock Analysis
When running China Petrochemical's price analysis, check to measure China Petrochemical'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 China Petrochemical is operating at the current time. Most of China Petrochemical's value examination focuses on studying past and present price action to predict the probability of China Petrochemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Petrochemical's price. Additionally, you may evaluate how the addition of China Petrochemical to your portfolios can decrease your overall portfolio volatility.