Hang Xiao (China) Price on December 13, 2024
| 600477 Stock | 2.93 0.11 3.62% |
Below is the normalized historical share price chart for Hang Xiao Steel extending back to November 10, 2003. 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 Hang Xiao stands at 2.93, as last reported on the 14th of December 2024, with the highest price reaching 3.03 and the lowest price hitting 2.92 during the day.
If you're considering investing in Hang Stock, it is important to understand the factors that can impact its price. Hang Xiao appears to be risky, given 3 months investment horizon. Hang Xiao Steel holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. By evaluating Hang Xiao's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Hang Xiao's Risk Adjusted Performance of 0.1291, downside deviation of 2.78, and Market Risk Adjusted Performance of (0.97) to validate if our risk estimates are consistent with your expectations.
At present, Hang Xiao'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 2.6 B, whereas Treasury Stock is forecasted to decline to (214.9 K). . Hang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 24th of October 2003 | 200 Day MA 2.6029 | 50 Day MA 2.8172 | Beta 0.433 |
Hang |
Sharpe Ratio = 0.1905
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 600477 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.1 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.59 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Hang Xiao is performing at about 15% 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 Hang Xiao by adding it to a well-diversified portfolio.
Price Book 1.3827 | Enterprise Value Ebitda 28.5851 | Price Sales 0.7619 | Shares Float 1.4 B | Wall Street Target Price 4.3 |
Hang Xiao Valuation on December 13, 2024
It is possible to determine the worth of Hang Xiao on a given historical date. On December 13, 2024 Hang was worth 3.02 at the beginning of the trading date compared to the closed value of 2.93. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hang Xiao stock. Still, in general, we apply an absolute valuation method to find Hang Xiao'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 Hang Xiao where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hang Xiao's related companies.
| Open | High | Low | Close | Volume | |
| 3.02 | 3.04 | 2.96 | 3.04 | 39,804,555 | |
12/13/2024 | 3.02 | 3.03 | 2.92 | 2.93 | 39,715,184 |
| Backtest Hang Xiao | | | Hang Xiao History | | | Hang Xiao Valuation | Previous |
Hang Xiao Trading Date Momentum on December 13, 2024
| On December 13 2024 Hang Xiao Steel was traded for 2.93 at the closing time. The highest price during the trading period was 3.03 and the lowest recorded bid was listed for 2.92 . The volume for the day was 39.7 M. This history from December 13, 2024 did not cause price change. The trading delta at closing time to the current price is 3.07% . |
Hang Xiao Steel Fundamentals Correlations and Trends
By evaluating Hang Xiao'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 Hang Xiao's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hang financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hang Xiao Stock history
Hang Xiao 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 Hang is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hang Xiao Steel 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 Hang Xiao stock prices may prove useful in developing a viable investing in Hang Xiao
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 2.7 B | 2.4 B | |
| Net Income Applicable To Common Shares | 473.3 M | 497 M |
Hang Xiao Quarterly Net Working Capital |
|
Hang Xiao Stock Technical Analysis
Hang Xiao 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
Hang Xiao Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Hang Xiao Steel 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.
Hang Xiao December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Hang Xiao stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hang Xiao shares will generate the highest return on investment. By undertsting and applying Hang Xiao stock market strength indicators, traders can identify Hang Xiao Steel entry and exit signals to maximize returns
Hang Xiao Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hang Xiao's price direction in advance. Along with the technical and fundamental analysis of Hang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hang 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 | 0.1291 | |||
| Jensen Alpha | 0.5253 | |||
| Total Risk Alpha | 0.1172 | |||
| Sortino Ratio | 0.1404 | |||
| Treynor Ratio | (0.98) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Hang Stock analysis
When running Hang Xiao's price analysis, check to measure Hang Xiao'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 Hang Xiao is operating at the current time. Most of Hang Xiao's value examination focuses on studying past and present price action to predict the probability of Hang Xiao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hang Xiao's price. Additionally, you may evaluate how the addition of Hang Xiao to your portfolios can decrease your overall portfolio volatility.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Commodity Directory Find actively traded commodities issued by global exchanges |