Mengtian Home (China) Price on April 10, 2024
| 603216 Stock | 10.81 0.03 0.28% |
If you're considering investing in Mengtian Stock, it is important to understand the factors that can impact its price. As of today, the current price of Mengtian Home stands at 10.81, as last reported on the 29th of November, with the highest price reaching 10.94 and the lowest price hitting 10.75 during the day. Mengtian Home appears to be somewhat reliable, given 3 months investment horizon. Mengtian Home Group has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mengtian Home, which you can use to evaluate the volatility of the firm. Please exercise Mengtian Home's Risk Adjusted Performance of 0.135, mean deviation of 1.4, and Downside Deviation of 2.5 to check out if our risk estimates are consistent with your expectations.
As of November 29, 2024, Total Stockholder Equity is expected to decline to about 1.4 B. In addition to that, Common Stock Shares Outstanding is expected to decline to about 220.3 M. Mengtian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Mengtian |
Sharpe Ratio = 0.152
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| Small Returns | 603216 | |||
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Estimated Market Risk
| 2.2 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Mengtian Home is performing at about 11% 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 Mengtian Home by adding it to a well-diversified portfolio.
Price Book 1.3644 | Enterprise Value Ebitda 10.2379 | Price Sales 1.8928 | Shares Float 56.5 M | Dividend Share 0.3 |
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Mengtian Home Valuation on April 10, 2024
It is possible to determine the worth of Mengtian Home on a given historical date. On April 10, 2024 Mengtian was worth 10.25 at the beginning of the trading date compared to the closed value of 9.66. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mengtian Home stock. Still, in general, we apply an absolute valuation method to find Mengtian Home'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 Mengtian Home where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mengtian Home's related companies.
| Open | High | Low | Close | Volume | |
| 10.25 | 10.40 | 10.05 | 10.36 | 7,839,079 | |
04/10/2024 | 10.25 | 10.30 | 9.56 | 9.66 | 6,668,600 |
| 9.57 | 9.72 | 9.49 | 9.59 | 3,239,524 |
| Backtest Mengtian Home | | | Mengtian Home History | | | Mengtian Home Valuation | Previous | Next |
Mengtian Home Trading Date Momentum on April 10, 2024
| On April 11 2024 Mengtian Home Group was traded for 9.59 at the closing time. The highest price during the trading period was 9.72 and the lowest recorded bid was listed for 9.49 . The volume for the day was 3.2 M. This history from April 11, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.72% . The trading delta at closing time to the current price is 10.14% . |
Mengtian Home Group Fundamentals Correlations and Trends
By evaluating Mengtian Home'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 Mengtian Home's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mengtian financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mengtian Home Stock history
Mengtian Home 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 Mengtian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mengtian Home Group 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 Mengtian Home stock prices may prove useful in developing a viable investing in Mengtian Home
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 224 M | 220.3 M |
Mengtian Home Quarterly Net Working Capital |
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Mengtian Home Stock Technical Analysis
Mengtian Home 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
Mengtian Home Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Mengtian Home Group 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.
Mengtian Home November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Mengtian Home stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mengtian Home shares will generate the highest return on investment. By undertsting and applying Mengtian Home stock market strength indicators, traders can identify Mengtian Home Group entry and exit signals to maximize returns
Mengtian Home Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mengtian Home's price direction in advance. Along with the technical and fundamental analysis of Mengtian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mengtian 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 | 0.135 | |||
| Jensen Alpha | 0.3695 | |||
| Total Risk Alpha | 0.0264 | |||
| Sortino Ratio | 0.0903 | |||
| Treynor Ratio | (1.40) |
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Mengtian Stock analysis
When running Mengtian Home's price analysis, check to measure Mengtian Home'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 Mengtian Home is operating at the current time. Most of Mengtian Home's value examination focuses on studying past and present price action to predict the probability of Mengtian Home's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mengtian Home's price. Additionally, you may evaluate how the addition of Mengtian Home to your portfolios can decrease your overall portfolio volatility.
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