CNOOC (China) Price on December 19, 2024
| 600938 Stock | 28.88 0.05 0.17% |
If you're considering investing in CNOOC Stock, it is important to understand the factors that can impact its price. As of today, the current price of CNOOC stands at 28.88, as last reported on the 27th of December, with the highest price reaching 29.02 and the lowest price hitting 28.71 during the day. CNOOC Limited secures Sharpe Ratio (or Efficiency) of -0.005, which signifies that the company had a -0.005% return per unit of risk over the last 3 months. CNOOC Limited exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CNOOC's mean deviation of 1.4, and Risk Adjusted Performance of 0.0714 to double-check the risk estimate we provide.
The current year's Issuance Of Capital Stock is expected to grow to about 38.8 B, whereas Total Stockholder Equity is forecasted to decline to about 539 B. . CNOOC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
CNOOC |
Sharpe Ratio = -0.005
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 600938 |
Estimated Market Risk
| 1.87 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average CNOOC is not performing at its full potential. However, 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 CNOOC by adding CNOOC to a well-diversified portfolio.
Price Book 1.9063 | Enterprise Value Ebitda 3.6681 | Price Sales 1.9895 | Shares Float 17.9 B | Dividend Share 1.253 |
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CNOOC Valuation on December 19, 2024
It is possible to determine the worth of CNOOC on a given historical date. On December 19, 2024 CNOOC was worth 27.52 at the beginning of the trading date compared to the closed value of 27.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CNOOC stock. Still, in general, we apply an absolute valuation method to find CNOOC'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 CNOOC where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CNOOC's related companies.
| Open | High | Low | Close | Volume | |
| 27.77 | 27.99 | 27.68 | 27.72 | 34,416,762 | |
12/19/2024 | 27.52 | 27.94 | 27.40 | 27.56 | 33,741,318 |
| 27.49 | 27.64 | 27.34 | 27.40 | 24,610,490 |
| Backtest CNOOC | | | CNOOC History | | | CNOOC Valuation | Previous | Next |
CNOOC Trading Date Momentum on December 19, 2024
| On December 20 2024 CNOOC Limited was traded for 27.40 at the closing time. The highest price during the trading period was 27.64 and the lowest recorded bid was listed for 27.34 . The volume for the day was 24.6 M. This history from December 20, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.58% . The overall trading delta to the current price is 4.64% . |
CNOOC Limited Fundamentals Correlations and Trends
By evaluating CNOOC'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 CNOOC's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CNOOC financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CNOOC Stock history
CNOOC 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 CNOOC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CNOOC Limited 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 CNOOC stock prices may prove useful in developing a viable investing in CNOOC
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 54.7 B | 49.9 B |
CNOOC Quarterly Net Working Capital |
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CNOOC Stock Technical Analysis
CNOOC 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
CNOOC Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
CNOOC Limited 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.
CNOOC December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how CNOOC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CNOOC shares will generate the highest return on investment. By undertsting and applying CNOOC stock market strength indicators, traders can identify CNOOC Limited entry and exit signals to maximize returns
CNOOC Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CNOOC's price direction in advance. Along with the technical and fundamental analysis of CNOOC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CNOOC 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 | 0.0714 | |||
| Jensen Alpha | 0.1644 | |||
| Total Risk Alpha | 0.1043 | |||
| Sortino Ratio | 0.0689 | |||
| Treynor Ratio | (3.12) |
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| Math Transform | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for CNOOC Stock analysis
When running CNOOC's price analysis, check to measure CNOOC'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 CNOOC is operating at the current time. Most of CNOOC's value examination focuses on studying past and present price action to predict the probability of CNOOC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNOOC's price. Additionally, you may evaluate how the addition of CNOOC to your portfolios can decrease your overall portfolio volatility.
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