Qijing Machinery (China) Price on December 13, 2024
| 603677 Stock | 14.04 0.15 1.08% |
Below is the normalized historical share price chart for Qijing Machinery extending back to February 06, 2017. 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 Qijing Machinery stands at 14.04, as last reported on the 19th of January, with the highest price reaching 14.50 and the lowest price hitting 13.70 during the day.
If you're considering investing in Qijing Stock, it is important to understand the factors that can impact its price. Qijing Machinery appears to be somewhat reliable, given 3 months investment horizon. Qijing Machinery maintains Sharpe Ratio (i.e., Efficiency) of 0.0984, which implies the firm had a 0.0984% return per unit of risk over the last 3 months. We have found thirty technical indicators for Qijing Machinery, which you can use to evaluate the volatility of the company. Please evaluate Qijing Machinery's Coefficient Of Variation of 937.08, semi deviation of 2.69, and Risk Adjusted Performance of 0.0967 to confirm if our risk estimates are consistent with your expectations.
As of January 19, 2025, Total Stockholder Equity is expected to decline to about 773 M. In addition to that, Common Stock is expected to decline to about 117 M. Qijing Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 12.1262 | 50 Day MA 13.4386 | Beta 0.402 |
Qijing |
Sharpe Ratio = 0.0984
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 603677 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.34 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Qijing Machinery 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 Qijing Machinery by adding it to a well-diversified portfolio.
Price Book 2.2984 | Book Value 6.123 | Enterprise Value 2.8 B | Enterprise Value Ebitda 32.7317 | Price Sales 1.3831 |
Qijing Machinery Valuation on December 13, 2024
It is possible to determine the worth of Qijing Machinery on a given historical date. On December 13, 2024 Qijing was worth 14.87 at the beginning of the trading date compared to the closed value of 14.59. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Qijing Machinery stock. Still, in general, we apply an absolute valuation method to find Qijing Machinery'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 Qijing Machinery where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Qijing Machinery's related companies.
| Open | High | Low | Close | Volume | |
| 14.00 | 14.95 | 13.88 | 14.85 | 6,927,749 | |
12/13/2024 | 14.87 | 15.58 | 14.57 | 14.59 | 8,439,895 |
| 14.68 | 14.95 | 14.23 | 14.36 | 4,796,326 |
| Backtest Qijing Machinery | | | Qijing Machinery History | | | Qijing Machinery Valuation | Previous | Next |
Qijing Machinery Trading Date Momentum on December 13, 2024
| On December 16 2024 Qijing Machinery was traded for 14.36 at the closing time. The highest price during the trading period was 14.95 and the lowest recorded bid was listed for 14.23 . The volume for the day was 4.8 M. This history from December 16, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.58% . The trading delta at closing time to the current price is 4.39% . |
Qijing Machinery Fundamentals Correlations and Trends
By evaluating Qijing Machinery'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 Qijing Machinery's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Qijing financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Qijing Machinery Stock history
Qijing Machinery 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 Qijing is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Qijing Machinery 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 Qijing Machinery stock prices may prove useful in developing a viable investing in Qijing Machinery
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 172.9 M | 154.8 M | |
| Net Income Applicable To Common Shares | 80 M | 65 M |
Qijing Machinery Quarterly Net Working Capital |
|
Qijing Machinery Stock Technical Analysis
Qijing Machinery 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
Qijing Machinery Period Price Range
Low | January 19, 2025
| High |
0.00 | 0.00 |
Qijing Machinery 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.
Qijing Machinery January 19, 2025 Market Strength
Market strength indicators help investors to evaluate how Qijing Machinery stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Qijing Machinery shares will generate the highest return on investment. By undertsting and applying Qijing Machinery stock market strength indicators, traders can identify Qijing Machinery entry and exit signals to maximize returns
Qijing Machinery Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Qijing Machinery's price direction in advance. Along with the technical and fundamental analysis of Qijing Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Qijing 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 | 0.0967 | |||
| Jensen Alpha | 0.3494 | |||
| Total Risk Alpha | 0.2657 | |||
| Sortino Ratio | 0.1071 | |||
| Treynor Ratio | (1.20) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Qijing Stock analysis
When running Qijing Machinery's price analysis, check to measure Qijing Machinery'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 Qijing Machinery is operating at the current time. Most of Qijing Machinery's value examination focuses on studying past and present price action to predict the probability of Qijing Machinery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qijing Machinery's price. Additionally, you may evaluate how the addition of Qijing Machinery to your portfolios can decrease your overall portfolio volatility.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |