China Minsheng (China) Price on May 18, 2023
600016 Stock | 4.00 0.01 0.25% |
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 Minsheng stands at 4.00, as last reported on the 4th of January, with the highest price reaching 4.05 and the lowest price hitting 3.97 during the day. China Minsheng Banking secures Sharpe Ratio (or Efficiency) of -0.0184, which signifies that the company had a -0.0184% return per unit of risk over the last 3 months. China Minsheng Banking exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Minsheng's Risk Adjusted Performance of (0.01), mean deviation of 1.22, and Standard Deviation of 1.85 to double-check the risk estimate we provide.
China Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
China |
Sharpe Ratio = -0.0184
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Negative Returns | 600016 |
Estimated Market Risk
1.85 actual daily | 16 84% of assets are more volatile |
Expected Return
-0.03 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 China Minsheng 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 China Minsheng by adding China Minsheng to a well-diversified portfolio.
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China Minsheng Valuation on May 18, 2023
It is possible to determine the worth of China Minsheng on a given historical date. On May 18, 2023 China was worth 4.06 at the beginning of the trading date compared to the closed value of 3.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of China Minsheng stock. Still, in general, we apply an absolute valuation method to find China Minsheng'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 Minsheng where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against China Minsheng's related companies.
Open | High | Low | Close | Volume | |
4.05 | 4.08 | 3.80 | 3.80 | 111,931,843 | |
05/18/2023 | 4.06 | 4.12 | 3.82 | 3.82 | 172,311,116 |
4.06 | 4.06 | 3.80 | 3.80 | 140,080,025 |
Backtest China Minsheng | | | China Minsheng History | | | China Minsheng Valuation | Previous | Next |
China Minsheng Trading Date Momentum on May 18, 2023
On May 19 2023 China Minsheng Banking was traded for 3.80 at the closing time. The highest price during the trading period was 4.06 and the lowest recorded bid was listed for 3.80 . The volume for the day was 140.1 M. This history from May 19, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.52% . The overall trading delta to the current price is 2.36% . |
China Minsheng Banking Fundamentals Correlations and Trends
By evaluating China Minsheng'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 China Minsheng's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. China financial account trend analysis is a perfect complement when working with valuation or volatility modules.About China Minsheng Stock history
China Minsheng 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 Minsheng Banking 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 Minsheng stock prices may prove useful in developing a viable investing in China Minsheng
China Minsheng Stock Technical Analysis
China Minsheng 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 Minsheng Period Price Range
Low | January 4, 2025
| High |
0.00 | 0.00 |
China Minsheng Banking 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 Minsheng January 4, 2025 Market Strength
Market strength indicators help investors to evaluate how China Minsheng 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 Minsheng shares will generate the highest return on investment. By undertsting and applying China Minsheng stock market strength indicators, traders can identify China Minsheng Banking entry and exit signals to maximize returns
China Minsheng Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for China Minsheng'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 | (0.01) | |||
Jensen Alpha | (0.04) | |||
Total Risk Alpha | (0.07) | |||
Treynor Ratio | 2.23 |
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Math Transform | ||
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Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
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Volume Indicators |
Complementary Tools for China Stock analysis
When running China Minsheng's price analysis, check to measure China Minsheng'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 Minsheng is operating at the current time. Most of China Minsheng's value examination focuses on studying past and present price action to predict the probability of China Minsheng'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 Minsheng's price. Additionally, you may evaluate how the addition of China Minsheng to your portfolios can decrease your overall portfolio volatility.
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