Rongcheer Industrial (China) Price on November 20, 2024
| 301360 Stock | 59.05 1.00 1.67% |
If you're considering investing in Rongcheer Stock, it is important to understand the factors that can impact its price. As of today, the current price of Rongcheer Industrial stands at 59.05, as last reported on the 16th of December 2024, with the highest price reaching 63.00 and the lowest price hitting 58.66 during the day. Rongcheer Industrial appears to be not too volatile, given 3 months investment horizon. Rongcheer Industrial maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Rongcheer Industrial's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please evaluate Rongcheer Industrial's Semi Deviation of 4.37, coefficient of variation of 815.63, and Risk Adjusted Performance of 0.0973 to confirm if our risk estimates are consistent with your expectations.
Rongcheer Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Rongcheer |
Sharpe Ratio = 0.1334
| Best Portfolio | Best Equity | |||
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| Small Returns | 301360 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.77 actual daily | 42 58% of assets are more volatile |
Expected Return
| 0.64 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Rongcheer Industrial is performing at about 10% 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 Rongcheer Industrial by adding it to a well-diversified portfolio.
Price Book 2.778 | Enterprise Value Ebitda 43.471 | Price Sales 8.795 | Shares Float 13.7 M | Dividend Share 0.3 |
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Rongcheer Industrial Valuation on November 20, 2024
It is possible to determine the worth of Rongcheer Industrial on a given historical date. On November 20, 2024 Rongcheer was worth 55.72 at the beginning of the trading date compared to the closed value of 55.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rongcheer Industrial stock. Still, in general, we apply an absolute valuation method to find Rongcheer Industrial'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 Rongcheer Industrial where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rongcheer Industrial's related companies.
| Open | High | Low | Close | Volume | |
| 53.31 | 55.00 | 52.77 | 54.98 | 1,420,000 | |
11/20/2024 | 55.72 | 56.00 | 54.34 | 55.55 | 1,496,657 |
| 55.72 | 57.20 | 54.25 | 57.00 | 2,164,993 |
| Backtest Rongcheer Industrial | | | Rongcheer Industrial History | | | Rongcheer Industrial Valuation | Previous | Next |
Rongcheer Industrial Trading Date Momentum on November 20, 2024
| On November 21 2024 Rongcheer Industrial Technology was traded for 57.00 at the closing time. The highest price during the trading period was 57.20 and the lowest recorded bid was listed for 54.25 . The volume for the day was 2.2 M. This history from November 21, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 2.61% . The trading delta at closing time to the current price is 2.14% . |
Rongcheer Industrial Fundamentals Correlations and Trends
By evaluating Rongcheer Industrial'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 Rongcheer Industrial's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rongcheer financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Rongcheer Industrial Stock history
Rongcheer Industrial 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 Rongcheer is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rongcheer Industrial 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 Rongcheer Industrial stock prices may prove useful in developing a viable investing in Rongcheer Industrial
Rongcheer Industrial Stock Technical Analysis
Rongcheer Industrial 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
Rongcheer Industrial Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
Rongcheer Industrial Technology 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.
Rongcheer Industrial December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Rongcheer Industrial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rongcheer Industrial shares will generate the highest return on investment. By undertsting and applying Rongcheer Industrial stock market strength indicators, traders can identify Rongcheer Industrial Technology entry and exit signals to maximize returns
Rongcheer Industrial Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rongcheer Industrial's price direction in advance. Along with the technical and fundamental analysis of Rongcheer Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rongcheer 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 | 0.0973 | |||
| Jensen Alpha | 0.5847 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0983 | |||
| Treynor Ratio | (2.07) |
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| Volume Indicators |
Complementary Tools for Rongcheer Stock analysis
When running Rongcheer Industrial's price analysis, check to measure Rongcheer Industrial'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 Rongcheer Industrial is operating at the current time. Most of Rongcheer Industrial's value examination focuses on studying past and present price action to predict the probability of Rongcheer Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rongcheer Industrial's price. Additionally, you may evaluate how the addition of Rongcheer Industrial to your portfolios can decrease your overall portfolio volatility.
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