Beijing Dalong (China) Price on June 17, 2024

600159 Stock   2.29  0.12  4.98%   
If you're considering investing in Beijing Stock, it is important to understand the factors that can impact its price. As of today, the current price of Beijing Dalong stands at 2.29, as last reported on the 6th of January, with the highest price reaching 2.44 and the lowest price hitting 2.28 during the day. Beijing Dalong Weiye secures Sharpe Ratio (or Efficiency) of -0.0824, which signifies that the company had a -0.0824% return per unit of risk over the last 3 months. Beijing Dalong Weiye exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Beijing Dalong's Risk Adjusted Performance of (0.06), mean deviation of 2.63, and Standard Deviation of 3.47 to double-check the risk estimate we provide.
  
Beijing Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0824

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Estimated Market Risk

 3.47
  actual daily
30
70% of assets are more volatile

Expected Return

 -0.29
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.08
  actual daily
0
Most of other assets perform better
Based on monthly moving average Beijing Dalong 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 Beijing Dalong by adding Beijing Dalong to a well-diversified portfolio.

Beijing Dalong Valuation on June 17, 2024

It is possible to determine the worth of Beijing Dalong on a given historical date. On June 17, 2024 Beijing was worth 2.34 at the beginning of the trading date compared to the closed value of 2.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Beijing Dalong stock. Still, in general, we apply an absolute valuation method to find Beijing Dalong'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 Beijing Dalong where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Beijing Dalong's related companies.
 Open High Low Close Volume
  2.27    2.38    2.26    2.35    20,749,000  
06/17/2024
  2.34    2.34    2.28    2.29    14,317,200  
  2.30    2.33    2.28    2.30    11,830,200  
Backtest Beijing Dalong  |  Beijing Dalong History  |  Beijing Dalong Valuation   PreviousNext  
Open Value
2.34
2.29
Closing Value
12.76
Upside

Beijing Dalong Trading Date Momentum on June 17, 2024

On June 18 2024 Beijing Dalong Weiye was traded for  2.30  at the closing time. The highest price during the trading period was 2.33  and the lowest recorded bid was listed for  2.28 . The volume for the day was 11.8 M. This history from June 18, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 0.44% . The overall trading delta to the current price is 0.44% .

Beijing Dalong Weiye Fundamentals Correlations and Trends

By evaluating Beijing Dalong'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 Beijing Dalong's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Beijing financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Beijing Dalong Stock history

Beijing Dalong 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 Beijing is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Beijing Dalong Weiye 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 Beijing Dalong stock prices may prove useful in developing a viable investing in Beijing Dalong

Beijing Dalong Stock Technical Analysis

Beijing Dalong 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.
A focus of Beijing Dalong technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Beijing Dalong trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Beijing Dalong Period Price Range

Low
January 6, 2025
0.00  NaN%
High

 0.00 

     

 0.00 

Beijing Dalong Weiye 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.

Beijing Dalong January 6, 2025 Market Strength

Market strength indicators help investors to evaluate how Beijing Dalong stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Beijing Dalong shares will generate the highest return on investment. By undertsting and applying Beijing Dalong stock market strength indicators, traders can identify Beijing Dalong Weiye entry and exit signals to maximize returns

Beijing Dalong Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Beijing Dalong's price direction in advance. Along with the technical and fundamental analysis of Beijing Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Beijing 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.

Complementary Tools for Beijing Stock analysis

When running Beijing Dalong's price analysis, check to measure Beijing Dalong'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 Beijing Dalong is operating at the current time. Most of Beijing Dalong's value examination focuses on studying past and present price action to predict the probability of Beijing Dalong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Beijing Dalong's price. Additionally, you may evaluate how the addition of Beijing Dalong to your portfolios can decrease your overall portfolio volatility.
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