Olympic Circuit (China) Price on November 23, 2024
| 603920 Stock | 29.12 0.14 0.48% |
Below is the normalized historical share price chart for Olympic Circuit Technology extending back to April 26, 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 Olympic Circuit stands at 29.12, as last reported on the 24th of December, with the highest price reaching 29.98 and the lowest price hitting 28.60 during the day.
If you're considering investing in Olympic Stock, it is important to understand the factors that can impact its price. Olympic Circuit appears to be somewhat reliable, given 3 months investment horizon. Olympic Circuit Tech maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Olympic Circuit's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please evaluate Olympic Circuit's Risk Adjusted Performance of 0.1249, semi deviation of 4.26, and Coefficient Of Variation of 679.54 to confirm if our risk estimates are consistent with your expectations.
The current year's Other Stockholder Equity is expected to grow to about 124.1 M, whereas Total Stockholder Equity is forecasted to decline to about 2.8 B. . Olympic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 22.2474 | 50 Day MA 30.0096 | Beta 0.699 |
Olympic |
Sharpe Ratio = 0.1399
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 603920 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.88 actual daily | 43 57% of assets are more volatile |
Expected Return
| 0.68 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Olympic Circuit 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 Olympic Circuit by adding it to a well-diversified portfolio.
Price Book 3.9028 | Enterprise Value Ebitda 25.1462 | Price Sales 4.2996 | Shares Float 304.5 M | Wall Street Target Price 23.32 |
Olympic Circuit Valuation on November 23, 2024
It is possible to determine the worth of Olympic Circuit on a given historical date. On November 23, 2024 Olympic was worth 32.84 at the beginning of the trading date compared to the closed value of 30.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Olympic Circuit stock. Still, in general, we apply an absolute valuation method to find Olympic Circuit'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 Olympic Circuit where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Olympic Circuit's related companies.
| Open | High | Low | Close | Volume | |
| 33.09 | 33.68 | 32.32 | 33.15 | 20,393,893 | |
11/22/2024 | 32.84 | 33.50 | 30.19 | 30.31 | 36,007,857 |
| 30.10 | 30.84 | 29.33 | 30.58 | 22,022,889 |
| Backtest Olympic Circuit | | | Olympic Circuit History | | | Olympic Circuit Valuation | Previous | Next |
Olympic Circuit Trading Date Momentum on November 23, 2024
| On November 25 2024 Olympic Circuit Technology was traded for 30.58 at the closing time. The highest price during the trading period was 30.84 and the lowest recorded bid was listed for 29.33 . The volume for the day was 22 M. This history from November 25, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 0.89% . The trading delta at closing time to the current price is 1.62% . |
Olympic Circuit Tech Fundamentals Correlations and Trends
By evaluating Olympic Circuit'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 Olympic Circuit's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Olympic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Olympic Circuit Stock history
Olympic Circuit 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 Olympic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Olympic Circuit Tech 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 Olympic Circuit stock prices may prove useful in developing a viable investing in Olympic Circuit
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 537.6 M | 507.9 M | |
| Net Income Applicable To Common Shares | 241.1 M | 277.4 M |
Olympic Circuit Quarterly Net Working Capital |
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Olympic Circuit Stock Technical Analysis
Olympic Circuit 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
Olympic Circuit Period Price Range
Low | December 24, 2024
| High |
0.00 | 0.00 |
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Olympic Circuit December 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Olympic Circuit stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Olympic Circuit shares will generate the highest return on investment. By undertsting and applying Olympic Circuit stock market strength indicators, traders can identify Olympic Circuit Technology entry and exit signals to maximize returns
Olympic Circuit Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Olympic Circuit's price direction in advance. Along with the technical and fundamental analysis of Olympic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Olympic 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 | 0.1249 | |||
| Jensen Alpha | 0.6969 | |||
| Total Risk Alpha | 0.5556 | |||
| Sortino Ratio | 0.1448 | |||
| Treynor Ratio | (13.92) |
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Complementary Tools for Olympic Stock analysis
When running Olympic Circuit's price analysis, check to measure Olympic Circuit'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 Olympic Circuit is operating at the current time. Most of Olympic Circuit's value examination focuses on studying past and present price action to predict the probability of Olympic Circuit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Olympic Circuit's price. Additionally, you may evaluate how the addition of Olympic Circuit to your portfolios can decrease your overall portfolio volatility.
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