Qianhe CondimentFood (China) Price on May 18, 2023
603027 Stock | 11.25 0.29 2.51% |
If you're considering investing in Qianhe Stock, it is important to understand the factors that can impact its price. As of today, the current price of Qianhe CondimentFood stands at 11.25, as last reported on the 7th of January, with the highest price reaching 11.57 and the lowest price hitting 11.13 during the day. Qianhe CondimentFood maintains Sharpe Ratio (i.e., Efficiency) of -0.0829, which implies the firm had a -0.0829% return per unit of risk over the last 3 months. Qianhe CondimentFood exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qianhe CondimentFood's Coefficient Of Variation of (1,206), risk adjusted performance of (0.06), and Variance of 5.48 to confirm the risk estimate we provide.
Qianhe Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Qianhe |
Sharpe Ratio = -0.0829
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Estimated Market Risk
2.34 actual daily | 20 80% of assets are more volatile |
Expected Return
-0.19 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Qianhe CondimentFood is not performing at its full potential. However, 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 Qianhe CondimentFood by adding Qianhe CondimentFood to a well-diversified portfolio.
Qianhe CondimentFood Valuation on May 18, 2023
It is possible to determine the worth of Qianhe CondimentFood on a given historical date. On May 18, 2023 Qianhe was worth 22.48 at the beginning of the trading date compared to the closed value of 22.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Qianhe CondimentFood stock. Still, in general, we apply an absolute valuation method to find Qianhe CondimentFood'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 Qianhe CondimentFood where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Qianhe CondimentFood's related companies.
Open | High | Low | Close | Volume | |
23.30 | 23.35 | 22.41 | 22.42 | 16,788,113 | |
05/18/2023 | 22.48 | 22.62 | 21.98 | 22.05 | 13,565,990 |
22.02 | 22.80 | 21.84 | 22.37 | 11,964,904 |
Backtest Qianhe CondimentFood | | | Qianhe CondimentFood History | | | Qianhe CondimentFood Valuation | Previous | Next |
Qianhe CondimentFood Trading Date Momentum on May 18, 2023
On May 19 2023 Qianhe CondimentFood Co was traded for 22.37 at the closing time. The highest price during the trading period was 22.80 and the lowest recorded bid was listed for 21.84 . The volume for the day was 12 M. This history from May 19, 2023 contributed to the next trading day price jump. The daily price change to the next closing price was 1.45% . The trading delta at closing time to the current price is 0.68% . |
Qianhe CondimentFood Fundamentals Correlations and Trends
By evaluating Qianhe CondimentFood'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 Qianhe CondimentFood's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Qianhe financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Qianhe CondimentFood Stock history
Qianhe CondimentFood 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 Qianhe is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Qianhe CondimentFood 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 Qianhe CondimentFood stock prices may prove useful in developing a viable investing in Qianhe CondimentFood
Qianhe CondimentFood Stock Technical Analysis
Qianhe CondimentFood 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
Qianhe CondimentFood Period Price Range
Low | January 7, 2025
| High |
0.00 | 0.00 |
Qianhe CondimentFood Co 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.
Qianhe CondimentFood January 7, 2025 Market Strength
Market strength indicators help investors to evaluate how Qianhe CondimentFood stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Qianhe CondimentFood shares will generate the highest return on investment. By undertsting and applying Qianhe CondimentFood stock market strength indicators, traders can identify Qianhe CondimentFood Co entry and exit signals to maximize returns
Qianhe CondimentFood Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Qianhe CondimentFood's price direction in advance. Along with the technical and fundamental analysis of Qianhe Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Qianhe 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 | (0.06) | |||
Jensen Alpha | (0.22) | |||
Total Risk Alpha | (0.26) | |||
Treynor Ratio | (0.23) |
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Complementary Tools for Qianhe Stock analysis
When running Qianhe CondimentFood's price analysis, check to measure Qianhe CondimentFood'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 Qianhe CondimentFood is operating at the current time. Most of Qianhe CondimentFood's value examination focuses on studying past and present price action to predict the probability of Qianhe CondimentFood's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qianhe CondimentFood's price. Additionally, you may evaluate how the addition of Qianhe CondimentFood to your portfolios can decrease your overall portfolio volatility.
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