China Satellite (China) Price on October 8, 2024
| 601698 Stock | 22.92 0.06 0.26% |
Below is the normalized historical share price chart for China Satellite Communications extending back to June 28, 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 China Satellite stands at 22.92, as last reported on the 11th of December 2024, with the highest price reaching 22.92 and the lowest price hitting 22.37 during the day.
If you're considering investing in China Stock, it is important to understand the factors that can impact its price. China Satellite appears to be not too volatile, given 3 months investment horizon. China Satellite Comm secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. By analyzing China Satellite's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please makes use of China Satellite's Downside Deviation of 3.95, risk adjusted performance of 0.1312, and Mean Deviation of 3.21 to double-check if our risk estimates are consistent with your expectations.
As of December 11, 2024, Total Stockholder Equity is expected to decline to about 12.9 B. In addition to that, Other Stockholder Equity is expected to decline to about 3.3 M. China Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 16.4016 | 50 Day MA 19.7532 | Beta 0.757 |
China |
Sharpe Ratio = 0.1983
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 601698 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.68 actual daily | 41 59% of assets are more volatile |
Expected Return
| 0.93 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average China Satellite 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 China Satellite by adding it to a well-diversified portfolio.
Price Book 6.1956 | Book Value 3.709 | Enterprise Value 85.2 B | Enterprise Value Ebitda 138.0838 | Price Sales 38.0064 |
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China Satellite Valuation on October 8, 2024
It is possible to determine the worth of China Satellite on a given historical date. On October 8, 2024 China was worth 19.0 at the beginning of the trading date compared to the closed value of 18.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of China Satellite stock. Still, in general, we apply an absolute valuation method to find China Satellite'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 China Satellite where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against China Satellite's related companies.
| Open | High | Low | Close | Volume | |
| 16.99 | 17.49 | 16.21 | 17.28 | 64,949,400 | |
10/08/2024 | 19.00 | 19.00 | 17.13 | 18.30 | 83,454,934 |
| 17.74 | 17.74 | 16.47 | 16.47 | 58,709,957 |
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China Satellite Trading Date Momentum on October 8, 2024
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.China Satellite Comm Fundamentals Correlations and Trends
By evaluating China Satellite'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 China Satellite's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. China financial account trend analysis is a perfect complement when working with valuation or volatility modules.About China Satellite Stock history
China Satellite 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 China is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in China Satellite Comm 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 China Satellite stock prices may prove useful in developing a viable investing in China Satellite
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 4.9 B | 4.3 B | |
| Net Income Applicable To Common Shares | 658.2 M | 504.7 M |
China Satellite Quarterly Net Working Capital |
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China Satellite Stock Technical Analysis
China Satellite 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
China Satellite Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
China Satellite Communications 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.
China Satellite December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how China Satellite stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading China Satellite shares will generate the highest return on investment. By undertsting and applying China Satellite stock market strength indicators, traders can identify China Satellite Communications entry and exit signals to maximize returns
China Satellite Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for China Satellite's price direction in advance. Along with the technical and fundamental analysis of China Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of China 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 | 0.1312 | |||
| Jensen Alpha | 0.6027 | |||
| Total Risk Alpha | 0.0406 | |||
| Sortino Ratio | 0.1563 | |||
| Treynor Ratio | 0.6494 |
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| Volume Indicators |
Complementary Tools for China Stock analysis
When running China Satellite's price analysis, check to measure China Satellite'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 China Satellite is operating at the current time. Most of China Satellite's value examination focuses on studying past and present price action to predict the probability of China Satellite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Satellite's price. Additionally, you may evaluate how the addition of China Satellite to your portfolios can decrease your overall portfolio volatility.
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |