Shengtak New (China) Price on April 1, 2024
300881 Stock | 31.57 0.55 1.77% |
If you're considering investing in Shengtak Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shengtak New stands at 31.57, as last reported on the 27th of December, with the highest price reaching 31.95 and the lowest price hitting 31.44 during the day. Shengtak New Material owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0031, which indicates the firm had a -0.0031% return per unit of risk over the last 3 months. Shengtak New Material exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shengtak New's Coefficient Of Variation of (32,469), variance of 17.55, and Risk Adjusted Performance of 0.0056 to confirm the risk estimate we provide.
Shengtak Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shengtak |
Sharpe Ratio = -0.0031
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Negative Returns | 300881 |
Estimated Market Risk
4.19 actual daily | 37 63% of assets are more volatile |
Expected Return
-0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Shengtak New 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 Shengtak New by adding Shengtak New to a well-diversified portfolio.
Shengtak New Valuation on April 1, 2024
It is possible to determine the worth of Shengtak New on a given historical date. On April 1, 2024 Shengtak was worth 26.3 at the beginning of the trading date compared to the closed value of 27.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shengtak New stock. Still, in general, we apply an absolute valuation method to find Shengtak New'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 Shengtak New where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shengtak New's related companies.
Open | High | Low | Close | Volume | |
25.01 | 27.43 | 25.01 | 26.30 | 4,699,550 | |
04/01/2024 | 26.30 | 28.14 | 26.01 | 27.02 | 5,023,012 |
27.22 | 28.93 | 26.41 | 27.19 | 5,511,209 |
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Shengtak New Trading Date Momentum on April 1, 2024
On April 02 2024 Shengtak New Material was traded for 27.19 at the closing time. The highest price during the trading period was 28.93 and the lowest recorded bid was listed for 26.41 . The volume for the day was 5.5 M. This history from April 2, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 0.63% . The trading price change to the current price is 7.44% . |
Shengtak New Material Fundamentals Correlations and Trends
By evaluating Shengtak New'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 Shengtak New's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shengtak financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shengtak New Stock history
Shengtak New 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 Shengtak is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shengtak New Material 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 Shengtak New stock prices may prove useful in developing a viable investing in Shengtak New
Shengtak New Stock Technical Analysis
Shengtak New 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
Shengtak New Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Shengtak New Material 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.
Shengtak New December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Shengtak New stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shengtak New shares will generate the highest return on investment. By undertsting and applying Shengtak New stock market strength indicators, traders can identify Shengtak New Material entry and exit signals to maximize returns
Shengtak New Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shengtak New's price direction in advance. Along with the technical and fundamental analysis of Shengtak Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shengtak 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 | 0.0056 | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.14) | |||
Treynor Ratio | (0.99) |
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Complementary Tools for Shengtak Stock analysis
When running Shengtak New's price analysis, check to measure Shengtak New'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 Shengtak New is operating at the current time. Most of Shengtak New's value examination focuses on studying past and present price action to predict the probability of Shengtak New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shengtak New's price. Additionally, you may evaluate how the addition of Shengtak New to your portfolios can decrease your overall portfolio volatility.
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