Konfoong Materials (China) Price on May 30, 2023

300666 Stock   63.90  0.13  0.20%   
If you're considering investing in Konfoong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Konfoong Materials stands at 63.90, as last reported on the 7th of January, with the highest price reaching 65.12 and the lowest price hitting 63.30 during the day. Konfoong Materials has Sharpe Ratio of -0.0145, which conveys that the firm had a -0.0145% return per unit of risk over the last 3 months. Konfoong Materials exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Konfoong Materials' Standard Deviation of 4.01, mean deviation of 2.93, and insignificant Risk Adjusted Performance to check out the risk estimate we provide.
  
Konfoong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0145

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Estimated Market Risk

 4.01
  actual daily
35
65% of assets are more volatile

Expected Return

 -0.06
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Konfoong Materials 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 Konfoong Materials by adding Konfoong Materials to a well-diversified portfolio.

Konfoong Materials Valuation on May 30, 2023

It is possible to determine the worth of Konfoong Materials on a given historical date. On May 30, 2023 Konfoong was worth 68.33 at the beginning of the trading date compared to the closed value of 68.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Konfoong Materials stock. Still, in general, we apply an absolute valuation method to find Konfoong Materials' 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 Konfoong Materials where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Konfoong Materials' related companies.
 Open High Low Close Volume
  67.83    68.81    66.82    68.35    5,147,103  
05/30/2023
  68.33    68.67    67.45    68.18    4,167,231  
  67.83    68.50    66.40    68.27    6,149,759  
Backtest Konfoong Materials  |  Konfoong Materials History  |  Konfoong Materials Valuation   PreviousNext  
Open Value
68.33
68.18
Closing Value
80.36
Upside

Konfoong Materials Trading Date Momentum on May 30, 2023

On May 31 2023 Konfoong Materials International was traded for  68.27  at the closing time. The highest price during the trading period was 68.50  and the lowest recorded bid was listed for  66.40 . The volume for the day was 6.1 M. This history from May 31, 2023 contributed to the next trading day price jump. The daily price change to the next closing price was 0.13% . The trading delta at closing time to the current price is 0.29% .

Konfoong Materials Fundamentals Correlations and Trends

By evaluating Konfoong Materials' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Konfoong Materials' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Konfoong financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Konfoong Materials Stock history

Konfoong Materials 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 Konfoong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Konfoong Materials 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 Konfoong Materials stock prices may prove useful in developing a viable investing in Konfoong Materials

Konfoong Materials Stock Technical Analysis

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

Konfoong Materials Period Price Range

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January 7, 2025
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High

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Konfoong Materials International 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.

Konfoong Materials January 7, 2025 Market Strength

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

Konfoong Materials Technical and Predictive Indicators

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

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