Hengyuan Refining (Malaysia) Price on November 14, 2024
4324 Stock | 2.00 0.06 2.91% |
If you're considering investing in Hengyuan Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hengyuan Refining stands at 2.00, as last reported on the 29th of November, with the highest price reaching 2.05 and the lowest price hitting 1.99 during the day. Hengyuan Refining holds Efficiency (Sharpe) Ratio of -0.0166, which attests that the entity had a -0.0166% return per unit of risk over the last 3 months. Hengyuan Refining exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hengyuan Refining's Risk Adjusted Performance of (0.02), standard deviation of 4.42, and Market Risk Adjusted Performance of 0.264 to validate the risk estimate we provide.
Hengyuan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Hengyuan |
Sharpe Ratio = -0.0166
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Negative Returns | 4324 |
Estimated Market Risk
4.46 actual daily | 39 61% of assets are more volatile |
Expected Return
-0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hengyuan Refining 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 Hengyuan Refining by adding Hengyuan Refining to a well-diversified portfolio.
Hengyuan Refining Valuation on November 14, 2024
It is possible to determine the worth of Hengyuan Refining on a given historical date. On November 14, 2024 Hengyuan was worth 2.23 at the beginning of the trading date compared to the closed value of 2.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hengyuan Refining stock. Still, in general, we apply an absolute valuation method to find Hengyuan Refining'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 Hengyuan Refining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hengyuan Refining's related companies.
Open | High | Low | Close | Volume | |
2.29 | 2.33 | 2.22 | 2.23 | 862,600 | |
11/14/2024 | 2.23 | 2.26 | 2.15 | 2.16 | 885,500 |
2.15 | 2.16 | 2.10 | 2.11 | 992,600 |
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Hengyuan Refining Trading Date Momentum on November 14, 2024
On November 15 2024 Hengyuan Refining was traded for 2.11 at the closing time. The highest price during the trading period was 2.16 and the lowest recorded bid was listed for 2.10 . The volume for the day was 992.6 K. This history from November 15, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.31% . The trading delta at closing time to the current price is 0.46% . |
Hengyuan Refining Fundamentals Correlations and Trends
By evaluating Hengyuan Refining'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 Hengyuan Refining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hengyuan financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hengyuan Refining Stock history
Hengyuan Refining 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 Hengyuan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hengyuan Refining 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 Hengyuan Refining stock prices may prove useful in developing a viable investing in Hengyuan Refining
Hengyuan Refining Stock Technical Analysis
Hengyuan Refining 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
Hengyuan Refining Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Hengyuan Refining cannot be verified against its exchange. Please verify the symbol is currently traded on Kuala Lumpur 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.
Hengyuan Refining November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Hengyuan Refining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hengyuan Refining shares will generate the highest return on investment. By undertsting and applying Hengyuan Refining stock market strength indicators, traders can identify Hengyuan Refining entry and exit signals to maximize returns
Hengyuan Refining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hengyuan Refining's price direction in advance. Along with the technical and fundamental analysis of Hengyuan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hengyuan 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 | (0.02) | |||
Jensen Alpha | (0.10) | |||
Total Risk Alpha | (0.85) | |||
Treynor Ratio | 0.254 |
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Other Information on Investing in Hengyuan Stock
Hengyuan Refining financial ratios help investors to determine whether Hengyuan Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hengyuan with respect to the benefits of owning Hengyuan Refining security.