Strait Innovation (China) Price on December 20, 2024
| 300300 Stock | 3.19 0.05 1.59% |
If you're considering investing in Strait Stock, it is important to understand the factors that can impact its price. As of today, the current price of Strait Innovation stands at 3.19, as last reported on the 20th of December, with the highest price reaching 3.22 and the lowest price hitting 3.13 during the day. Strait Innovation is very risky given 3 months investment horizon. Strait Innovation owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.28, which indicates the firm had a 0.28% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.42% are justified by taking the suggested risk. Use Strait Innovation Risk Adjusted Performance of 0.2326, coefficient of variation of 353.41, and Semi Deviation of 3.8 to evaluate company specific risk that cannot be diversified away.
Strait Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Strait |
Sharpe Ratio = 0.283
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | 300300 | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.02 actual daily | 44 56% of assets are more volatile |
Expected Return
| 1.42 actual daily | 28 72% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average Strait Innovation is performing at about 22% 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 Strait Innovation by adding it to a well-diversified portfolio.
Strait Innovation Valuation on December 20, 2024
It is possible to determine the worth of Strait Innovation on a given historical date. On December 20, 2024 Strait was worth 3.14 at the beginning of the trading date compared to the closed value of 3.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Strait Innovation stock. Still, in general, we apply an absolute valuation method to find Strait Innovation'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 Strait Innovation where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Strait Innovation's related companies.
| Open | High | Low | Close | Volume | |
| 3.13 | 3.19 | 3.08 | 3.14 | 19,179,001 | |
12/20/2024 | 3.14 | 3.22 | 3.13 | 3.19 | 13,118,541 |
| Backtest Strait Innovation | | | Strait Innovation History | | | Strait Innovation Valuation | Previous |
Strait Innovation Trading Date Momentum on December 20, 2024
| On December 20 2024 Strait Innovation Internet was traded for 3.19 at the closing time. The highest price during the trading period was 3.22 and the lowest recorded bid was listed for 3.13 . The volume for the day was 13.1 M. This history from December 20, 2024 did not result in any price rise and fall. The trading price change to the current price is 1.57% . |
Strait Innovation Fundamentals Correlations and Trends
By evaluating Strait Innovation'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 Strait Innovation's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Strait financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Strait Innovation Stock history
Strait Innovation 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 Strait is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Strait Innovation 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 Strait Innovation stock prices may prove useful in developing a viable investing in Strait Innovation
Strait Innovation Stock Technical Analysis
Strait Innovation 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
Strait Innovation Period Price Range
Low | December 20, 2024
| High |
0.00 | 0.00 |
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Strait Innovation December 20, 2024 Market Strength
Market strength indicators help investors to evaluate how Strait Innovation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Strait Innovation shares will generate the highest return on investment. By undertsting and applying Strait Innovation stock market strength indicators, traders can identify Strait Innovation Internet entry and exit signals to maximize returns
Strait Innovation Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Strait Innovation's price direction in advance. Along with the technical and fundamental analysis of Strait Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Strait 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 | 0.2326 | |||
| Jensen Alpha | 1.39 | |||
| Total Risk Alpha | 1.27 | |||
| Sortino Ratio | 0.261 | |||
| Treynor Ratio | 1.71 |
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| Math Transform | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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When running Strait Innovation's price analysis, check to measure Strait Innovation'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 Strait Innovation is operating at the current time. Most of Strait Innovation's value examination focuses on studying past and present price action to predict the probability of Strait Innovation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Strait Innovation's price. Additionally, you may evaluate how the addition of Strait Innovation to your portfolios can decrease your overall portfolio volatility.
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