Ming Yang (China) Price on July 3, 2024

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 23rd of December, with the highest price reaching 12.95 and the lowest price hitting 12.61 during the day.
200 Day MA
10.4231
50 Day MA
12.7546
Beta
0.557
 
Covid
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 0.2, which conveys that the firm had a 0.2% 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 0.72% is justified by implied risk. Please exercise Ming Yang's Downside Deviation of 2.7, risk adjusted performance of 0.1662, and Mean Deviation of 2.69 to check out if our risk estimates are consistent with your expectations.
  
As of December 23, 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.

Sharpe Ratio = 0.2

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Estimated Market Risk

 3.61
  actual daily
32
68% of assets are more volatile

Expected Return

 0.72
  actual daily
14
86% of assets have higher returns

Risk-Adjusted Return

 0.2
  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
1.084
Enterprise Value Ebitda
137.4876
Price Sales
1.0775
Shares Float
1.6 B
Wall Street Target Price
12.69

Ming Yang Main Headline on 3rd of July 2024

Chinas entry into European turbine market continues to affect Vestas share price EnergyWatch

Ming Yang Valuation on July 3, 2024

It is possible to determine the worth of Ming Yang on a given historical date. On July 3, 2024 Ming was worth 9.22 at the beginning of the trading date compared to the closed value of 9.11. 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
  9.36    9.51    9.17    9.20    23,643,606  
07/03/2024
  9.22    9.25    9.06    9.11    16,169,044  
  9.09    9.16    8.93    8.97    15,730,295  
Backtest Ming Yang  |  Ming Yang History  |  Ming Yang Valuation   PreviousNext  
Open Value
9.22
9.11
Closing Value
20.06
Upside

Ming Yang Trading Date Momentum on July 3, 2024

On July 04 2024 Ming Yang Smart was traded for  8.97  at the closing time. The highest price during the trading period was 9.16  and the lowest recorded bid was listed for  8.93 . The volume for the day was 15.7 M. This history from July 4, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.54% . The trading delta at closing time to the current price is 0.99% .

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 ReportedProjected for Next Year
Common Stock Shares Outstanding2.3 B1.9 B
Net Income Applicable To Common Shares3.6 B3.7 B

Ming Yang Quarterly Net Working Capital

10.9 Billion

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

Ming Yang Period Price Range

Low
December 23, 2024
0.00  NaN%
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 23, 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.

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.
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