Ming Yang (China) Price on January 31, 2023
| 601615 Stock | 12.71 0.19 1.47% |
Below is the normalized historical share price chart for Ming Yang Smart extending back to January 23, 2019. 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 Ming Yang stands at 12.71, as last reported on the 24th of December, with the highest price reaching 12.95 and the lowest price hitting 12.61 during the day.
If you're considering investing in Ming Stock, it is important to understand the factors that can impact its price. Ming Yang appears to be somewhat reliable, given 3 months investment horizon. Ming Yang Smart has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. By analyzing Ming Yang's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please exercise Ming Yang's Mean Deviation of 2.72, downside deviation of 2.67, and Risk Adjusted Performance of 0.1592 to check out if our risk estimates are consistent with your expectations.
As of December 24, 2024, Total Stockholder Equity is expected to decline to about 14.8 B. In addition to that, Other Stockholder Equity is expected to decline to about 47.5 M. Ming Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 10.4375 | 50 Day MA 12.7978 | Beta 0.557 |
Ming |
Sharpe Ratio = 0.1909
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 601615 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.67 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.7 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Ming Yang 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 Ming Yang by adding it to a well-diversified portfolio.
Price Book 1.068 | Enterprise Value Ebitda 135.7744 | Price Sales 1.1045 | Shares Float 1.6 B | Wall Street Target Price 12.69 |
Ming Yang Valuation on January 31, 2023
It is possible to determine the worth of Ming Yang on a given historical date. On January 31, 2023 Ming was worth 27.75 at the beginning of the trading date compared to the closed value of 27.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ming Yang stock. Still, in general, we apply an absolute valuation method to find Ming Yang'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 Ming Yang where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ming Yang's related companies.
| Open | High | Low | Close | Volume | |
| 28.00 | 28.11 | 27.22 | 27.22 | 38,078,218 | |
01/31/2023 | 27.75 | 28.06 | 27.34 | 27.34 | 22,329,419 |
| 27.83 | 28.06 | 27.33 | 27.33 | 27,539,115 |
| Backtest Ming Yang | | | Ming Yang History | | | Ming Yang Valuation | Previous | Next |
Ming Yang Trading Date Momentum on January 31, 2023
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Ming Yang Smart Fundamentals Correlations and Trends
By evaluating Ming Yang'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 Ming Yang's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ming financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ming Yang Stock history
Ming Yang 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 Ming is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ming Yang Smart 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 Ming Yang stock prices may prove useful in developing a viable investing in Ming Yang
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 2.3 B | 1.9 B | |
| Net Income Applicable To Common Shares | 3.6 B | 3.7 B |
Ming Yang Quarterly Net Working Capital |
|
Ming Yang Stock Technical Analysis
Ming Yang 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
Ming Yang Period Price Range
Low | December 24, 2024
| High |
0.00 | 0.00 |
Ming Yang Smart 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.
Ming Yang December 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Ming Yang stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ming Yang shares will generate the highest return on investment. By undertsting and applying Ming Yang stock market strength indicators, traders can identify Ming Yang Smart entry and exit signals to maximize returns
Ming Yang Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ming Yang's price direction in advance. Along with the technical and fundamental analysis of Ming Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ming 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 | 0.1592 | |||
| Jensen Alpha | 0.667 | |||
| Total Risk Alpha | 0.5658 | |||
| Sortino Ratio | 0.2422 | |||
| Treynor Ratio | 5.5 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Ming Stock analysis
When running Ming Yang's price analysis, check to measure Ming Yang'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 Ming Yang is operating at the current time. Most of Ming Yang's value examination focuses on studying past and present price action to predict the probability of Ming Yang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ming Yang's price. Additionally, you may evaluate how the addition of Ming Yang to your portfolios can decrease your overall portfolio volatility.
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |