China Asset (China) Price on November 23, 2023
| 508068 Stock | 3.56 0.01 0.28% |
If you're considering investing in China Stock, it is important to understand the factors that can impact its price. As of today, the current price of China Asset stands at 3.56, as last reported on the 29th of December, with the highest price reaching 3.56 and the lowest price hitting 3.51 during the day. At this point, China Asset is somewhat reliable. China Asset Management secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Asset Management, which you can use to evaluate the volatility of the firm. Please confirm China Asset's Mean Deviation of 0.7104, downside deviation of 0.8865, and Risk Adjusted Performance of 0.1504 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%.
China Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
China |
Sharpe Ratio = 0.1808
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 508068 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.02 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average China Asset is performing at about 14% 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 China Asset by adding it to a well-diversified portfolio.
China Asset Valuation on November 23, 2023
It is possible to determine the worth of China Asset on a given historical date. On November 23, 2023 China was worth 2.54 at the beginning of the trading date compared to the closed value of 2.51. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of China Asset stock. Still, in general, we apply an absolute valuation method to find China Asset'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 China Asset where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against China Asset's related companies.
| Open | High | Low | Close | Volume | |
| 2.54 | 2.56 | 2.54 | 2.54 | 1,589,522 | |
11/23/2023 | 2.54 | 2.55 | 2.50 | 2.51 | 2,290,261 |
| 2.51 | 2.51 | 2.49 | 2.50 | 3,006,556 |
| Backtest China Asset | | | China Asset History | Previous | Next |
China Asset Trading Date Momentum on November 23, 2023
| On November 24 2023 China Asset Management was traded for 2.50 at the closing time. The highest price during the trading period was 2.51 and the lowest recorded bid was listed for 2.49 . The volume for the day was 3 M. This history from November 24, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.40% . The overall trading delta to the current price is 0.80% . |
About China Asset Stock history
China Asset 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 China is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in China Asset Management 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 China Asset stock prices may prove useful in developing a viable investing in China Asset
China Asset Stock Technical Analysis
China Asset 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
China Asset Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
China Asset Management cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai 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.
China Asset December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how China Asset stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading China Asset shares will generate the highest return on investment. By undertsting and applying China Asset stock market strength indicators, traders can identify China Asset Management entry and exit signals to maximize returns
China Asset Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for China Asset's price direction in advance. Along with the technical and fundamental analysis of China Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of China 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 | 0.1504 | |||
| Jensen Alpha | 0.19 | |||
| Total Risk Alpha | 0.1608 | |||
| Sortino Ratio | 0.1903 | |||
| Treynor Ratio | 4.69 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for China Stock analysis
When running China Asset's price analysis, check to measure China Asset'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 China Asset is operating at the current time. Most of China Asset's value examination focuses on studying past and present price action to predict the probability of China Asset's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Asset's price. Additionally, you may evaluate how the addition of China Asset to your portfolios can decrease your overall portfolio volatility.
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |