Changchun Faway (China) Price on August 28, 2024

600742 Stock   8.88  0.04  0.45%   
If you're considering investing in Changchun Stock, it is important to understand the factors that can impact its price. As of today, the current price of Changchun Faway stands at 8.88, as last reported on the 24th of December, with the highest price reaching 9.04 and the lowest price hitting 8.86 during the day. Changchun Faway appears to be somewhat reliable, given 3 months investment horizon. Changchun Faway Auto secures Sharpe Ratio (or Efficiency) of 0.0984, which signifies that the company had a 0.0984% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Changchun Faway Automobile, which you can use to evaluate the volatility of the firm. Please makes use of Changchun Faway's mean deviation of 1.87, and Risk Adjusted Performance of 0.0854 to double-check if our risk estimates are consistent with your expectations.
  
Changchun Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0984

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns600742
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative Returns

Estimated Market Risk

 2.49
  actual daily
22
78% of assets are more volatile

Expected Return

 0.25
  actual daily
4
96% of assets have higher returns

Risk-Adjusted Return

 0.1
  actual daily
7
93% of assets perform better
Based on monthly moving average Changchun Faway is performing at about 7% 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 Changchun Faway by adding it to a well-diversified portfolio.

Changchun Faway Valuation on August 28, 2024

It is possible to determine the worth of Changchun Faway on a given historical date. On August 28, 2024 Changchun was worth 7.4 at the beginning of the trading date compared to the closed value of 7.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Changchun Faway stock. Still, in general, we apply an absolute valuation method to find Changchun Faway'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 Changchun Faway where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Changchun Faway's related companies.
 Open High Low Close Volume
  7.50    7.50    7.38    7.39    2,477,476  
08/28/2024
  7.40    7.40    7.25    7.30    4,319,500  
  7.26    7.48    7.24    7.47    4,218,103  
Backtest Changchun Faway  |  Changchun Faway History  |  Changchun Faway Valuation   PreviousNext  
Open Value
7.4
7.3
Closing Value
14.88
Upside

Changchun Faway Trading Date Momentum on August 28, 2024

On August 29 2024 Changchun Faway Automobile was traded for  7.47  at the closing time. The highest price during the trading period was 7.48  and the lowest recorded bid was listed for  7.24 . The volume for the day was 4.2 M. This history from August 29, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 2.33% . The overall trading delta to the current price is 0.82% .

Changchun Faway Auto Fundamentals Correlations and Trends

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

About Changchun Faway Stock history

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

Changchun Faway Stock Technical Analysis

Changchun Faway 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 Changchun Faway technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Changchun Faway 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

Changchun Faway Period Price Range

Low
December 24, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Changchun Faway Automobile 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.

Changchun Faway December 24, 2024 Market Strength

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

Changchun Faway Technical and Predictive Indicators

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

When running Changchun Faway's price analysis, check to measure Changchun Faway'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 Changchun Faway is operating at the current time. Most of Changchun Faway's value examination focuses on studying past and present price action to predict the probability of Changchun Faway's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Changchun Faway's price. Additionally, you may evaluate how the addition of Changchun Faway to your portfolios can decrease your overall portfolio volatility.
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Equity Valuation
Check real value of public entities based on technical and fundamental data
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity