State Grid (China) Price on February 16, 2023
| 600131 Stock | 22.48 0.39 1.77% |
Below is the normalized historical share price chart for State Grid InformationCommunication extending back to April 02, 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 State Grid stands at 22.48, as last reported on the 11th of December 2024, with the highest price reaching 23.45 and the lowest price hitting 21.53 during the day.
If you're considering investing in State Stock, it is important to understand the factors that can impact its price. State Grid appears to be not too volatile, given 3 months investment horizon. State Grid Informati owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. By inspecting State Grid's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please review State Grid's Risk Adjusted Performance of 0.1261, coefficient of variation of 610.28, and Semi Deviation of 2.35 to confirm if our risk estimates are consistent with your expectations.
At present, State Grid's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 1.5 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 1.1 B. . State Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 11th of March 1998 | 200 Day MA 18.4058 | 50 Day MA 20.7598 | Beta 0.607 |
State |
Sharpe Ratio = 0.1625
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
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| Small Returns | 600131 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.37 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.55 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average State Grid is performing at about 12% 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 State Grid by adding it to a well-diversified portfolio.
Price Book 4.2341 | Enterprise Value Ebitda 29.4456 | Price Sales 3.5005 | Shares Float 421.3 M | Wall Street Target Price 20.96 |
State Grid Valuation on February 16, 2023
It is possible to determine the worth of State Grid on a given historical date. On February 16, 2023 State was worth 18.22 at the beginning of the trading date compared to the closed value of 17.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of State Grid stock. Still, in general, we apply an absolute valuation method to find State Grid'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 State Grid where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against State Grid's related companies.
| Open | High | Low | Close | Volume | |
| 17.40 | 18.35 | 17.34 | 18.04 | 23,394,971 | |
02/16/2023 | 18.22 | 18.27 | 17.15 | 17.15 | 15,368,498 |
| 17.11 | 17.36 | 16.23 | 16.23 | 19,985,034 |
| Backtest State Grid | | | State Grid History | | | State Grid Valuation | Previous | Next |
State Grid Trading Date Momentum on February 16, 2023
| On February 17 2023 State Grid InformationCommunication was traded for 16.23 at the closing time. The highest price during the trading period was 17.36 and the lowest recorded bid was listed for 16.23 . The volume for the day was 20 M. This history from February 17, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 5.36% . The trading price change to the current price is 3.15% . |
State Grid Informati Fundamentals Correlations and Trends
By evaluating State Grid'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 State Grid's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. State financial account trend analysis is a perfect complement when working with valuation or volatility modules.About State Grid Stock history
State Grid 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 State is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in State Grid Informati 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 State Grid stock prices may prove useful in developing a viable investing in State Grid
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.2 B | 1.1 B | |
| Net Income Applicable To Common Shares | 921.8 M | 967.9 M |
State Grid Quarterly Net Working Capital |
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State Grid Stock Technical Analysis
State Grid 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
State Grid Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
State Grid InformationCommunication 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.
State Grid December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how State Grid stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading State Grid shares will generate the highest return on investment. By undertsting and applying State Grid stock market strength indicators, traders can identify State Grid InformationCommunication entry and exit signals to maximize returns
State Grid Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for State Grid's price direction in advance. Along with the technical and fundamental analysis of State Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of State 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 | 0.1261 | |||
| Jensen Alpha | 0.5535 | |||
| Total Risk Alpha | 0.0073 | |||
| Sortino Ratio | 0.1352 | |||
| Treynor Ratio | (1.37) |
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| Volume Indicators |
Complementary Tools for State Stock analysis
When running State Grid's price analysis, check to measure State Grid'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 State Grid is operating at the current time. Most of State Grid's value examination focuses on studying past and present price action to predict the probability of State Grid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move State Grid's price. Additionally, you may evaluate how the addition of State Grid to your portfolios can decrease your overall portfolio volatility.
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