Bank of China (China) Price on December 18, 2024
| 601988 Stock | 5.26 0.03 0.57% |
Below is the normalized historical share price chart for Bank of China extending back to July 05, 2006. 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 Bank of China stands at 5.26, as last reported on the 23rd of December, with the highest price reaching 5.31 and the lowest price hitting 5.24 during the day.
If you're considering investing in Bank Stock, it is important to understand the factors that can impact its price. At this point, Bank of China is not too volatile. Bank of China secures Sharpe Ratio (or Efficiency) of 0.0979, which signifies that the company had a 0.0979% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bank of China, which you can use to evaluate the volatility of the firm. Please confirm Bank of China's Mean Deviation of 0.9984, downside deviation of 1.24, and Risk Adjusted Performance of 0.1212 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%.
The current year's Other Stockholder Equity is expected to grow to about 245.7 B, whereas Total Stockholder Equity is forecasted to decline to about 2.1 T. . Bank Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 4.7189 | 50 Day MA 5.0066 | Beta 0.288 |
Bank |
Sharpe Ratio = 0.0979
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Estimated Market Risk
| 1.29 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Bank of China is performing at about 7% 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 Bank of China by adding it to a well-diversified portfolio.
Price Book 0.5904 | Book Value 7.991 | Enterprise Value 5.9 T | Price Sales 2.6445 | Shares Float 105.6 B |
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Bank of China Valuation on December 18, 2024
It is possible to determine the worth of Bank of China on a given historical date. On December 18, 2024 Bank was worth 5.28 at the beginning of the trading date compared to the closed value of 5.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bank of China stock. Still, in general, we apply an absolute valuation method to find Bank of 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 Bank of China where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bank of China's related companies.
| Open | High | Low | Close | Volume | |
| 5.27 | 5.32 | 5.25 | 5.28 | 182,663,784 | |
12/18/2024 | 5.28 | 5.34 | 5.25 | 5.28 | 202,979,922 |
| 5.27 | 5.30 | 5.20 | 5.23 | 200,749,652 |
| Backtest Bank of China | | | Bank of China History | | | Bank of China Valuation | Previous | Next |
Bank of China Trading Date Momentum on December 18, 2024
| On December 19 2024 Bank of China was traded for 5.23 at the closing time. The highest price during the trading period was 5.30 and the lowest recorded bid was listed for 5.20 . The volume for the day was 200.7 M. This history from December 19, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.95% . The overall trading delta to the current price is 0.76% . |
Bank of China Fundamentals Correlations and Trends
By evaluating Bank of 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 Bank of China's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bank financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bank of China Stock history
Bank of 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 Bank is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bank of China 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 Bank of China stock prices may prove useful in developing a viable investing in Bank of China
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 264.9 B | 235.5 B | |
| Net Income Applicable To Common Shares | 236.8 B | 193.3 B |
Bank of China Stock Technical Analysis
Bank of 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
Bank of China Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
Bank of China 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.
Bank of China December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Bank of 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 Bank of China shares will generate the highest return on investment. By undertsting and applying Bank of China stock market strength indicators, traders can identify Bank of China entry and exit signals to maximize returns
Bank of China Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bank of China's price direction in advance. Along with the technical and fundamental analysis of Bank Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bank 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 | 0.1212 | |||
| Jensen Alpha | 0.1893 | |||
| Total Risk Alpha | 0.1543 | |||
| Sortino Ratio | 0.1373 | |||
| Treynor Ratio | 1.27 |
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| Volume Indicators |
Complementary Tools for Bank Stock analysis
When running Bank of China's price analysis, check to measure Bank of 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 Bank of China is operating at the current time. Most of Bank of China's value examination focuses on studying past and present price action to predict the probability of Bank of 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 Bank of China's price. Additionally, you may evaluate how the addition of Bank of China to your portfolios can decrease your overall portfolio volatility.
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