Bright Dairy (China) Price on September 13, 2024
| 600597 Stock | 9.47 0.49 4.92% |
Below is the normalized historical share price chart for Bright Dairy Food extending back to August 28, 2002. 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 Bright Dairy stands at 9.47, as last reported on the 16th of December 2024, with the highest price reaching 9.82 and the lowest price hitting 9.45 during the day.
If you're considering investing in Bright Stock, it is important to understand the factors that can impact its price. Bright Dairy appears to be somewhat reliable, given 3 months investment horizon. Bright Dairy Food secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bright Dairy Food, which you can use to evaluate the volatility of the firm. Please makes use of Bright Dairy's Mean Deviation of 1.57, risk adjusted performance of 0.123, and Downside Deviation of 2.2 to double-check if our risk estimates are consistent with your expectations.
At present, Bright Dairy's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Shares Outstanding is expected to grow to about 1.4 B, whereas Common Stock is forecasted to decline to about 1.2 B. . Bright Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 14th of August 2002 | 200 Day MA 8.5486 | 50 Day MA 8.7302 | Beta 0.514 |
Bright |
Sharpe Ratio = 0.1939
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
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| Small Returns | 600597 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.44 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.47 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Bright Dairy 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 Bright Dairy by adding it to a well-diversified portfolio.
Price Book 1.4934 | Enterprise Value Ebitda 62.3762 | Price Sales 0.5387 | Shares Float 655.4 M | Wall Street Target Price 9.45 |
Bright Dairy Valuation on September 13, 2024
It is possible to determine the worth of Bright Dairy on a given historical date. On September 13, 2024 Bright was worth 7.45 at the beginning of the trading date compared to the closed value of 7.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bright Dairy stock. Still, in general, we apply an absolute valuation method to find Bright Dairy'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 Bright Dairy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bright Dairy's related companies.
| Open | High | Low | Close | Volume | |
| 7.49 | 7.57 | 7.45 | 7.45 | 4,042,971 | |
09/13/2024 | 7.45 | 7.48 | 7.38 | 7.41 | 3,598,155 |
| 7.40 | 7.42 | 7.23 | 7.29 | 6,238,000 |
| Backtest Bright Dairy | | | Bright Dairy History | | | Bright Dairy Valuation | Previous | Next |
Bright Dairy Trading Date Momentum on September 13, 2024
| On September 18 2024 Bright Dairy Food was traded for 7.29 at the closing time. The highest price during the trading period was 7.42 and the lowest recorded bid was listed for 7.23 . The volume for the day was 6.2 M. This history from September 18, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.62% . The overall trading delta to the current price is 2.97% . |
Bright Dairy Food Fundamentals Correlations and Trends
By evaluating Bright Dairy'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 Bright Dairy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bright financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bright Dairy Stock history
Bright Dairy 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 Bright is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bright Dairy Food 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 Bright Dairy stock prices may prove useful in developing a viable investing in Bright Dairy
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.4 B | 1.4 B | |
| Net Income Applicable To Common Shares | 414.8 M | 375.7 M |
Bright Dairy Stock Technical Analysis
Bright Dairy 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
Bright Dairy Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
Bright Dairy Food 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.
Bright Dairy December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Bright Dairy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bright Dairy shares will generate the highest return on investment. By undertsting and applying Bright Dairy stock market strength indicators, traders can identify Bright Dairy Food entry and exit signals to maximize returns
Bright Dairy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bright Dairy's price direction in advance. Along with the technical and fundamental analysis of Bright Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bright 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 | 0.123 | |||
| Jensen Alpha | 0.3768 | |||
| Total Risk Alpha | 0.0738 | |||
| Sortino Ratio | 0.1251 | |||
| Treynor Ratio | (2.76) |
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Bright Stock analysis
When running Bright Dairy's price analysis, check to measure Bright Dairy'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 Bright Dairy is operating at the current time. Most of Bright Dairy's value examination focuses on studying past and present price action to predict the probability of Bright Dairy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bright Dairy's price. Additionally, you may evaluate how the addition of Bright Dairy to your portfolios can decrease your overall portfolio volatility.
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