China Petroleum (China) Price on August 15, 2023
| 600028 Stock | 6.38 0.08 1.24% |
Below is the normalized historical share price chart for China Petroleum Chemical extending back to August 08, 2001. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of China Petroleum stands at 6.38, as last reported on the 23rd of December, with the highest price reaching 6.48 and the lowest price hitting 6.38 during the day.
If you're considering investing in China Stock, it is important to understand the factors that can impact its price. China Petroleum Chemical secures Sharpe Ratio (or Efficiency) of -0.0535, which signifies that the company had a -0.0535% return per unit of risk over the last 3 months. China Petroleum Chemical exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Petroleum's Risk Adjusted Performance of 0.0382, mean deviation of 1.14, and Downside Deviation of 1.68 to double-check the risk estimate we provide.
As of December 23, 2024, Total Stockholder Equity is expected to decline to about 744.4 B. In addition to that, Other Stockholder Equity is expected to decline to about 5.5 B. China Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 6.4562 | 50 Day MA 6.3916 | Beta 0.681 |
China |
Sharpe Ratio = -0.0535
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 600028 |
Estimated Market Risk
| 1.57 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average China Petroleum 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 Petroleum by adding China Petroleum to a well-diversified portfolio.
Price Book 0.9369 | Enterprise Value Ebitda 4.5746 | Price Sales 0.2305 | Shares Float 35.1 B | Wall Street Target Price 6.87 |
China Petroleum Valuation on August 15, 2023
It is possible to determine the worth of China Petroleum on a given historical date. On August 15, 2023 China was worth 6.1 at the beginning of the trading date compared to the closed value of 6.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of China Petroleum stock. Still, in general, we apply an absolute valuation method to find China Petroleum'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 Petroleum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against China Petroleum's related companies.
| Open | High | Low | Close | Volume | |
| 6.04 | 6.12 | 6.00 | 6.10 | 74,298,348 | |
08/15/2023 | 6.10 | 6.25 | 6.07 | 6.17 | 120,474,678 |
| 6.17 | 6.17 | 6.03 | 6.07 | 101,008,106 |
| Backtest China Petroleum | | | China Petroleum History | | | China Petroleum Valuation | Previous | Next |
China Petroleum Trading Date Momentum on August 15, 2023
| On August 16 2023 China Petroleum Chemical was traded for 6.07 at the closing time. The highest price during the trading period was 6.17 and the lowest recorded bid was listed for 6.03 . The volume for the day was 101 M. This history from August 16, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 1.62% . The overall trading delta to the current price is 0.16% . |
China Petroleum Chemical Fundamentals Correlations and Trends
By evaluating China Petroleum'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 Petroleum'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 Petroleum Stock history
China Petroleum 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 Petroleum Chemical 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 Petroleum stock prices may prove useful in developing a viable investing in China Petroleum
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 107.9 B | 96.7 B | |
| Net Income Applicable To Common Shares | 76.1 B | 52.4 B |
China Petroleum Stock Technical Analysis
China Petroleum 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 Petroleum Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
China Petroleum Chemical 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 Petroleum December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how China Petroleum 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 Petroleum shares will generate the highest return on investment. By undertsting and applying China Petroleum stock market strength indicators, traders can identify China Petroleum Chemical entry and exit signals to maximize returns
China Petroleum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for China Petroleum'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 | 0.0382 | |||
| Jensen Alpha | 0.0565 | |||
| Total Risk Alpha | 0.0127 | |||
| Sortino Ratio | 0.0221 | |||
| Treynor Ratio | 0.4695 |
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| Volume Indicators |
Complementary Tools for China Stock analysis
When running China Petroleum's price analysis, check to measure China Petroleum'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 Petroleum is operating at the current time. Most of China Petroleum's value examination focuses on studying past and present price action to predict the probability of China Petroleum'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 Petroleum's price. Additionally, you may evaluate how the addition of China Petroleum to your portfolios can decrease your overall portfolio volatility.
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