New China (China) Price on November 5, 2024
| 601336 Stock | 48.21 0.85 1.79% |
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. As of today, the current price of New China stands at 48.21, as last reported on the 3rd of December, with the highest price reaching 48.40 and the lowest price hitting 46.70 during the day. New China appears to be very steady, given 3 months investment horizon. New China Life has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing New China's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please exercise New China's Risk Adjusted Performance of 0.1651, downside deviation of 2.41, and Mean Deviation of 2.55 to check out if our risk estimates are consistent with your expectations.
New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.2058
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 601336 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.6 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.74 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average New China is performing at about 16% 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 New China by adding it to a well-diversified portfolio.
Related Headline
Leyard Optoelectronic Headline on 5th of November 2024
Exploring High Growth Tech Stocks For Potential Portfolio En... by news.google.com
Exploring High Growth Tech Stocks For Potential Portfolio Enhancement Yahoo Finance
New China Valuation on November 5, 2024
It is possible to determine the worth of New China on a given historical date. On November 5, 2024 New was worth 48.29 at the beginning of the trading date compared to the closed value of 52.09. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New China stock. Still, in general, we apply an absolute valuation method to find New China'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 New China where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New China's related companies.
| Open | High | Low | Close | Volume | |
| 47.62 | 48.31 | 47.01 | 48.30 | 19,652,826 | |
11/05/2024 | 48.29 | 52.54 | 47.61 | 52.09 | 53,087,113 |
| 52.15 | 53.00 | 50.08 | 51.35 | 49,172,425 |
| Backtest New China | | | New China History | | | New China Valuation | Previous | Next |
New China Trading Date Momentum on November 5, 2024
| On November 06 2024 New China Life was traded for 51.35 at the closing time. The highest price during the trading period was 53.00 and the lowest recorded bid was listed for 50.08 . The volume for the day was 49.2 M. This history from November 6, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.42% . The trading delta at closing time to the current price is 0.36% . |
New China Life Fundamentals Correlations and Trends
By evaluating New China'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 New China's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.About New China Stock history
New China 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 New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New China Life 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 New China stock prices may prove useful in developing a viable investing in New China
New China Stock Technical Analysis
New China 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
New China Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
New China Life 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.
New China December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how New China stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New China shares will generate the highest return on investment. By undertsting and applying New China stock market strength indicators, traders can identify New China Life entry and exit signals to maximize returns
New China Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New China's price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New 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 | 0.1651 | |||
| Jensen Alpha | 0.7285 | |||
| Total Risk Alpha | 0.1921 | |||
| Sortino Ratio | 0.2553 | |||
| Treynor Ratio | 52.52 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for New Stock analysis
When running New China's price analysis, check to measure New China'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 New China is operating at the current time. Most of New China's value examination focuses on studying past and present price action to predict the probability of New China's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New China's price. Additionally, you may evaluate how the addition of New China to your portfolios can decrease your overall portfolio volatility.
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |