Xinke Material (China) Price on September 30, 2024
| 600255 Stock | 3.00 0.27 9.89% |
Below is the normalized historical share price chart for Xinke Material extending back to November 24, 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 Xinke Material stands at 3.00, as last reported on the 11th of December 2024, with the highest price reaching 3.00 and the lowest price hitting 2.74 during the day.
If you're considering investing in Xinke Stock, it is important to understand the factors that can impact its price. Xinke Material appears to be risky, given 3 months investment horizon. Xinke Material shows Sharpe Ratio of 0.27, which attests that the company had a 0.27% return per unit of risk over the last 3 months. By examining Xinke Material's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please utilize Xinke Material's Mean Deviation of 2.33, market risk adjusted performance of (1.70), and Downside Deviation of 2.76 to validate if our risk estimates are consistent with your expectations.
At present, Xinke Material's Total Stockholder Equity is projected to decrease significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 2.2 B, whereas Other Stockholder Equity is forecasted to decline to about 6.9 M. . Xinke Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 26th of October 2000 | 200 Day MA 1.9179 | 50 Day MA 2.2134 | Beta 0.749 |
Xinke |
Sharpe Ratio = 0.2721
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 600255 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.26 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.89 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.27 actual daily | 21 79% of assets perform better |
Based on monthly moving average Xinke Material is performing at about 21% 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 Xinke Material by adding it to a well-diversified portfolio.
Price Book 3.5017 | Book Value 0.78 | Enterprise Value 4.7 B | Enterprise Value Ebitda 129.5548 | Price Sales 1.2935 |
Xinke Material Valuation on September 30, 2024
It is possible to determine the worth of Xinke Material on a given historical date. On September 30, 2024 Xinke was worth 2.1 at the beginning of the trading date compared to the closed value of 2.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Xinke Material stock. Still, in general, we apply an absolute valuation method to find Xinke Material'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 Xinke Material where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Xinke Material's related companies.
| Open | High | Low | Close | Volume | |
| 1.90 | 1.96 | 1.90 | 1.95 | 30,874,491 | |
09/30/2024 | 2.10 | 2.12 | 1.95 | 2.10 | 112,548,961 |
| 2.29 | 2.30 | 2.10 | 2.19 | 113,189,147 |
| Backtest Xinke Material | | | Xinke Material History | | | Xinke Material Valuation | Previous | Next |
Xinke Material Trading Date Momentum on September 30, 2024
| On October 08 2024 Xinke Material was traded for 2.19 at the closing time. The highest price during the trading period was 2.30 and the lowest recorded bid was listed for 2.10 . The volume for the day was 113.2 M. This history from October 8, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 4.29% . The trading price change to the current price is 5.24% . |
Xinke Material Fundamentals Correlations and Trends
By evaluating Xinke Material'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 Xinke Material's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Xinke financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Xinke Material Stock history
Xinke Material 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 Xinke is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Xinke Material 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 Xinke Material stock prices may prove useful in developing a viable investing in Xinke Material
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.8 B | 2 B | |
| Net Income Applicable To Common Shares | 87.9 M | 92.3 M |
Xinke Material Stock Technical Analysis
Xinke Material 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
Xinke Material Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Xinke Material 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.
Xinke Material December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Xinke Material stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Xinke Material shares will generate the highest return on investment. By undertsting and applying Xinke Material stock market strength indicators, traders can identify Xinke Material entry and exit signals to maximize returns
Xinke Material Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Xinke Material's price direction in advance. Along with the technical and fundamental analysis of Xinke Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Xinke 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 | 0.1759 | |||
| Jensen Alpha | 0.7504 | |||
| Total Risk Alpha | 0.2181 | |||
| Sortino Ratio | 0.2132 | |||
| Treynor Ratio | (1.71) |
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| Volume Indicators |
Complementary Tools for Xinke Stock analysis
When running Xinke Material's price analysis, check to measure Xinke Material'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 Xinke Material is operating at the current time. Most of Xinke Material's value examination focuses on studying past and present price action to predict the probability of Xinke Material's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xinke Material's price. Additionally, you may evaluate how the addition of Xinke Material to your portfolios can decrease your overall portfolio volatility.
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