Tjk Machinery (China) Price on June 25, 2024
300823 Stock | 11.82 0.78 6.19% |
If you're considering investing in Tjk Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tjk Machinery stands at 11.82, as last reported on the 5th of January, with the highest price reaching 12.79 and the lowest price hitting 11.76 during the day. Tjk Machinery Tianjin owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0653, which indicates the firm had a -0.0653% return per unit of risk over the last 3 months. Tjk Machinery Tianjin exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tjk Machinery's Variance of 13.64, coefficient of variation of (1,519), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide.
Tjk Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tjk |
Sharpe Ratio = -0.0653
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Negative Returns | 300823 |
Estimated Market Risk
3.66 actual daily | 32 68% of assets are more volatile |
Expected Return
-0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tjk Machinery 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 Tjk Machinery by adding Tjk Machinery to a well-diversified portfolio.
Tjk Machinery Valuation on June 25, 2024
It is possible to determine the worth of Tjk Machinery on a given historical date. On June 25, 2024 Tjk was worth 10.75 at the beginning of the trading date compared to the closed value of 11.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tjk Machinery stock. Still, in general, we apply an absolute valuation method to find Tjk Machinery'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 Tjk Machinery where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tjk Machinery's related companies.
Open | High | Low | Close | Volume | |
11.44 | 11.47 | 10.74 | 10.79 | 3,908,420 | |
06/25/2024 | 10.75 | 11.29 | 10.70 | 11.05 | 3,642,960 |
11.10 | 11.69 | 10.94 | 11.69 | 3,300,480 |
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Tjk Machinery Trading Date Momentum on June 25, 2024
On June 26 2024 Tjk Machinery Tianjin was traded for 11.69 at the closing time. The highest price during the trading period was 11.69 and the lowest recorded bid was listed for 10.94 . The volume for the day was 3.3 M. This history from June 26, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 5.79% . The trading price change to the current price is 4.71% . |
Tjk Machinery Tianjin Fundamentals Correlations and Trends
By evaluating Tjk Machinery'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 Tjk Machinery's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tjk financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tjk Machinery Stock history
Tjk Machinery 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 Tjk is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tjk Machinery Tianjin 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 Tjk Machinery stock prices may prove useful in developing a viable investing in Tjk Machinery
Tjk Machinery Stock Technical Analysis
Tjk Machinery 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
Tjk Machinery Period Price Range
Low | January 5, 2025
| High |
0.00 | 0.00 |
Tjk Machinery Tianjin 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.
Tjk Machinery January 5, 2025 Market Strength
Market strength indicators help investors to evaluate how Tjk Machinery stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tjk Machinery shares will generate the highest return on investment. By undertsting and applying Tjk Machinery stock market strength indicators, traders can identify Tjk Machinery Tianjin entry and exit signals to maximize returns
Tjk Machinery Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tjk Machinery's price direction in advance. Along with the technical and fundamental analysis of Tjk Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tjk 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 | (0.05) | |||
Jensen Alpha | (0.25) | |||
Total Risk Alpha | (0.31) | |||
Treynor Ratio | 1.59 |
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Volume Indicators |
Complementary Tools for Tjk Stock analysis
When running Tjk Machinery's price analysis, check to measure Tjk Machinery'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 Tjk Machinery is operating at the current time. Most of Tjk Machinery's value examination focuses on studying past and present price action to predict the probability of Tjk Machinery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tjk Machinery's price. Additionally, you may evaluate how the addition of Tjk Machinery to your portfolios can decrease your overall portfolio volatility.
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