Qingdao Citymedia (China) Price on August 23, 2024
| 600229 Stock | 7.79 0.01 0.13% |
Below is the normalized historical share price chart for Qingdao Citymedia Co extending back to March 09, 2000. 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 Qingdao Citymedia stands at 7.79, as last reported on the 29th of November, with the highest price reaching 8.14 and the lowest price hitting 7.74 during the day.
If you're considering investing in Qingdao Stock, it is important to understand the factors that can impact its price. Qingdao Citymedia appears to be somewhat reliable, given 3 months investment horizon. Qingdao Citymedia maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Qingdao Citymedia, which you can use to evaluate the volatility of the company. Please evaluate Qingdao Citymedia's Coefficient Of Variation of 884.46, semi deviation of 2.24, and Risk Adjusted Performance of 0.0935 to confirm if our risk estimates are consistent with your expectations.
As of November 29, 2024, Total Stockholder Equity is expected to decline to about 1.8 B. In addition to that, Common Stock is expected to decline to about 497.3 M. Qingdao Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 17th of February 2000 | 200 Day MA 7.136 | 50 Day MA 7.3122 | Beta 0.585 |
Qingdao |
Sharpe Ratio = 0.1498
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 600229 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.49 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.37 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Qingdao Citymedia is performing at about 11% 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 Qingdao Citymedia by adding it to a well-diversified portfolio.
Price Book 1.6203 | Enterprise Value Ebitda 13.7957 | Price Sales 1.9652 | Shares Float 239.2 M | Wall Street Target Price 12.25 |
Qingdao Citymedia Valuation on August 23, 2024
It is possible to determine the worth of Qingdao Citymedia on a given historical date. On August 23, 2024 Qingdao was worth 6.4 at the beginning of the trading date compared to the closed value of 6.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Qingdao Citymedia stock. Still, in general, we apply an absolute valuation method to find Qingdao Citymedia'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 Qingdao Citymedia where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Qingdao Citymedia's related companies.
| Open | High | Low | Close | Volume | |
| 6.59 | 6.65 | 6.41 | 6.41 | 3,852,700 | |
08/23/2024 | 6.40 | 6.45 | 6.31 | 6.36 | 3,309,500 |
| 6.40 | 6.40 | 6.19 | 6.27 | 3,564,000 |
| Backtest Qingdao Citymedia | | | Qingdao Citymedia History | | | Qingdao Citymedia Valuation | Previous | Next |
Qingdao Citymedia Trading Date Momentum on August 23, 2024
| On August 26 2024 Qingdao Citymedia Co was traded for 6.27 at the closing time. The highest price during the trading period was 6.40 and the lowest recorded bid was listed for 6.19 . The volume for the day was 3.6 M. This history from August 26, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.42% . The trading delta at closing time to the current price is 2.36% . |
Qingdao Citymedia Fundamentals Correlations and Trends
By evaluating Qingdao Citymedia'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 Qingdao Citymedia's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Qingdao financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Qingdao Citymedia Stock history
Qingdao Citymedia 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 Qingdao is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Qingdao Citymedia 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 Qingdao Citymedia stock prices may prove useful in developing a viable investing in Qingdao Citymedia
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 604.1 M | 554.6 M | |
| Net Income Applicable To Common Shares | 386.3 M | 405.6 M |
Qingdao Citymedia Quarterly Net Working Capital |
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Qingdao Citymedia Stock Technical Analysis
Qingdao Citymedia 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
Qingdao Citymedia Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Qingdao Citymedia Co 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.
Qingdao Citymedia November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Qingdao Citymedia stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Qingdao Citymedia shares will generate the highest return on investment. By undertsting and applying Qingdao Citymedia stock market strength indicators, traders can identify Qingdao Citymedia Co entry and exit signals to maximize returns
Qingdao Citymedia Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Qingdao Citymedia's price direction in advance. Along with the technical and fundamental analysis of Qingdao Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Qingdao 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 | 0.0935 | |||
| Jensen Alpha | 0.2414 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0592 | |||
| Treynor Ratio | 1.23 |
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Qingdao Stock analysis
When running Qingdao Citymedia's price analysis, check to measure Qingdao Citymedia'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 Qingdao Citymedia is operating at the current time. Most of Qingdao Citymedia's value examination focuses on studying past and present price action to predict the probability of Qingdao Citymedia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qingdao Citymedia's price. Additionally, you may evaluate how the addition of Qingdao Citymedia to your portfolios can decrease your overall portfolio volatility.
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