Renxin New (China) Price on November 18, 2024
| 301395 Stock | 12.65 0.10 0.78% |
If you're considering investing in Renxin Stock, it is important to understand the factors that can impact its price. As of today, the current price of Renxin New stands at 12.65, as last reported on the 11th of December 2024, with the highest price reaching 12.80 and the lowest price hitting 12.55 during the day. Renxin New appears to be somewhat reliable, given 3 months investment horizon. Renxin New Material maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing Renxin New's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please evaluate Renxin New's Coefficient Of Variation of 656.16, risk adjusted performance of 0.118, and Semi Deviation of 2.93 to confirm if our risk estimates are consistent with your expectations.
Renxin Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Renxin |
Sharpe Ratio = 0.1747
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| Small Returns | 301395 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.66 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.64 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Renxin New is performing at about 13% 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 Renxin New by adding it to a well-diversified portfolio.
Price Book 1.6579 | Enterprise Value Ebitda 22.1603 | Price Sales 1.2602 | Shares Float 93.4 M | Dividend Share 0.714 |
Renxin New Valuation on November 18, 2024
It is possible to determine the worth of Renxin New on a given historical date. On November 18, 2024 Renxin was worth 12.22 at the beginning of the trading date compared to the closed value of 11.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Renxin New stock. Still, in general, we apply an absolute valuation method to find Renxin 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 Renxin New where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Renxin New's related companies.
| Open | High | Low | Close | Volume | |
| 12.22 | 12.40 | 11.99 | 11.99 | 2,322,360 | |
11/18/2024 | 12.22 | 12.41 | 11.71 | 11.77 | 2,625,714 |
| 11.72 | 12.06 | 11.71 | 12.03 | 2,516,531 |
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Renxin New Trading Date Momentum on November 18, 2024
| On November 19 2024 Renxin New Material was traded for 12.03 at the closing time. The highest price during the trading period was 12.06 and the lowest recorded bid was listed for 11.71 . The volume for the day was 2.5 M. This history from November 19, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 2.21% . The trading delta at closing time to the current price is 0.34% . |
Renxin New Material Fundamentals Correlations and Trends
By evaluating Renxin 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 Renxin New's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Renxin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Renxin New Stock history
Renxin 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 Renxin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Renxin 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 Renxin New stock prices may prove useful in developing a viable investing in Renxin New
Renxin New Stock Technical Analysis
Renxin 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
Renxin New Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Renxin 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.
Renxin New December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Renxin 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 Renxin New shares will generate the highest return on investment. By undertsting and applying Renxin New stock market strength indicators, traders can identify Renxin New Material entry and exit signals to maximize returns
Renxin New Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Renxin New's price direction in advance. Along with the technical and fundamental analysis of Renxin Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Renxin 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 | 0.118 | |||
| Jensen Alpha | 0.5084 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1147 | |||
| Treynor Ratio | 10.73 |
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| Math Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Renxin Stock analysis
When running Renxin New's price analysis, check to measure Renxin 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 Renxin New is operating at the current time. Most of Renxin New's value examination focuses on studying past and present price action to predict the probability of Renxin 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 Renxin New's price. Additionally, you may evaluate how the addition of Renxin New to your portfolios can decrease your overall portfolio volatility.
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