Shenzhen Mindray (China) Price on August 21, 2024

300760 Stock   255.00  3.79  1.46%   
If you're considering investing in Shenzhen Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shenzhen Mindray stands at 255.00, as last reported on the 31st of December, with the highest price reaching 260.53 and the lowest price hitting 255.00 during the day. Shenzhen Mindray Bio owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Shenzhen Mindray Bio Medical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shenzhen Mindray's Coefficient Of Variation of (651.20), variance of 4.95, and Risk Adjusted Performance of (0.12) to confirm the risk estimate we provide.
  
Shenzhen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1536

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Estimated Market Risk

 2.22
  actual daily
19
81% of assets are more volatile

Expected Return

 -0.34
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.15
  actual daily
0
Most of other assets perform better
Based on monthly moving average Shenzhen Mindray 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 Shenzhen Mindray by adding Shenzhen Mindray to a well-diversified portfolio.

Shenzhen Mindray Valuation on August 21, 2024

It is possible to determine the worth of Shenzhen Mindray on a given historical date. On August 21, 2024 Shenzhen was worth 245.31 at the beginning of the trading date compared to the closed value of 244.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shenzhen Mindray stock. Still, in general, we apply an absolute valuation method to find Shenzhen Mindray'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 Shenzhen Mindray where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shenzhen Mindray's related companies.
 Open High Low Close Volume
  249.22    251.17    244.54    245.31    2,903,770  
08/21/2024
  245.31    246.79    243.04    244.06    3,049,220  
  243.84    245.25    241.98    243.35    3,160,456  
Backtest Shenzhen Mindray  |  Shenzhen Mindray History  |  Shenzhen Mindray Valuation   PreviousNext  
Open Value
245.31
238.64
Downside
244.06
Closing Value
251.98
Upside

Shenzhen Mindray Trading Date Momentum on August 21, 2024

On August 22 2024 Shenzhen Mindray Bio Medical was traded for  243.35  at the closing time. The highest price during the trading period was 245.25  and the lowest recorded bid was listed for  241.98 . The volume for the day was 3.2 M. This history from August 22, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.29% . The trading price change to the current price is 0.09% .

Shenzhen Mindray Bio Fundamentals Correlations and Trends

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

About Shenzhen Mindray Stock history

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

Shenzhen Mindray Stock Technical Analysis

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

Shenzhen Mindray Period Price Range

Low
December 31, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Shenzhen Mindray Bio Medical 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.

Shenzhen Mindray December 31, 2024 Market Strength

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

Shenzhen Mindray Technical and Predictive Indicators

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

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