Kangxin New (China) Price on December 16, 2024
| 600076 Stock | 2.22 0.08 3.48% |
Below is the normalized historical share price chart for Kangxin New Materials extending back to September 03, 1998. 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 Kangxin New stands at 2.22, as last reported on the 25th of December, with the highest price reaching 2.31 and the lowest price hitting 2.19 during the day.
If you're considering investing in Kangxin Stock, it is important to understand the factors that can impact its price. Kangxin New appears to be very risky, given 3 months investment horizon. Kangxin New Materials has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Kangxin New's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please exercise Kangxin New's Risk Adjusted Performance of 0.152, downside deviation of 4.06, and Mean Deviation of 3.3 to check out if our risk estimates are consistent with your expectations.
At present, Kangxin New's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 8.6 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 710.8 M. . Kangxin Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 6th of May 1997 | 200 Day MA 1.8342 | 50 Day MA 2.3168 | Beta 0.524 |
Kangxin |
Sharpe Ratio = 0.127
| Best Portfolio | Best Equity | |||
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| Small Returns | 600076 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.16 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.53 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Kangxin New is performing at about 10% 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 Kangxin New by adding it to a well-diversified portfolio.
Price Book 0.7075 | Book Value 3.141 | Enterprise Value 4 B | Enterprise Value Ebitda (73.41) | Price Sales 4.4084 |
Kangxin New Valuation on December 16, 2024
It is possible to determine the worth of Kangxin New on a given historical date. On December 16, 2024 Kangxin was worth 2.8 at the beginning of the trading date compared to the closed value of 2.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Kangxin New stock. Still, in general, we apply an absolute valuation method to find Kangxin 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 Kangxin New where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Kangxin New's related companies.
| Open | High | Low | Close | Volume | |
| 2.86 | 2.97 | 2.80 | 2.81 | 63,102,000 | |
12/16/2024 | 2.80 | 2.83 | 2.74 | 2.75 | 40,752,300 |
| 2.75 | 2.77 | 2.50 | 2.54 | 65,370,400 |
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Kangxin New Trading Date Momentum on December 16, 2024
| On December 17 2024 Kangxin New Materials was traded for 2.54 at the closing time. The highest price during the trading period was 2.77 and the lowest recorded bid was listed for 2.50 . The volume for the day was 65.4 M. This history from December 17, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 7.64% . The trading delta at closing time to the current price is 16.73% . |
Kangxin New Materials Fundamentals Correlations and Trends
By evaluating Kangxin 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 Kangxin New's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Kangxin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Kangxin New Stock history
Kangxin 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 Kangxin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Kangxin New Materials 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 Kangxin New stock prices may prove useful in developing a viable investing in Kangxin New
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.3 B | 710.8 M | |
| Net Income Applicable To Common Shares | 35 M | 33.3 M |
Kangxin New Quarterly Net Working Capital |
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Kangxin New Stock Technical Analysis
Kangxin 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
Kangxin New Period Price Range
Low | December 25, 2024
| High |
0.00 | 0.00 |
Kangxin New Materials 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.
Kangxin New December 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Kangxin 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 Kangxin New shares will generate the highest return on investment. By undertsting and applying Kangxin New stock market strength indicators, traders can identify Kangxin New Materials entry and exit signals to maximize returns
Kangxin New Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Kangxin New's price direction in advance. Along with the technical and fundamental analysis of Kangxin Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Kangxin 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 | 0.152 | |||
| Jensen Alpha | 0.74 | |||
| Total Risk Alpha | 0.5522 | |||
| Sortino Ratio | 0.1717 | |||
| Treynor Ratio | (2.83) |
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Kangxin Stock analysis
When running Kangxin New's price analysis, check to measure Kangxin 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 Kangxin New is operating at the current time. Most of Kangxin New's value examination focuses on studying past and present price action to predict the probability of Kangxin 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 Kangxin New's price. Additionally, you may evaluate how the addition of Kangxin New to your portfolios can decrease your overall portfolio volatility.
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