Allied Machinery (China) Price on April 26, 2024
| 605060 Stock | 16.41 0.34 2.03% |
If you're considering investing in Allied Stock, it is important to understand the factors that can impact its price. As of today, the current price of Allied Machinery stands at 16.41, as last reported on the 4th of December, with the highest price reaching 16.83 and the lowest price hitting 16.33 during the day. Allied Machinery appears to be somewhat reliable, given 3 months investment horizon. Allied Machinery secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing Allied Machinery's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of Allied Machinery's Mean Deviation of 1.86, downside deviation of 2.6, and Risk Adjusted Performance of 0.1431 to double-check if our risk estimates are consistent with your expectations.
At present, Allied Machinery's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 1.3 B, whereas Total Stockholder Equity is forecasted to decline to about 1.3 B. . Allied Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Allied |
Sharpe Ratio = 0.1796
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 605060 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.01 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Allied Machinery is performing at about 14% 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 Allied Machinery by adding it to a well-diversified portfolio.
Price Book 1.7336 | Enterprise Value Ebitda 15.2013 | Price Sales 3.4211 | Shares Float 68.9 M | Dividend Share 0.35 |
Allied Machinery Valuation on April 26, 2024
It is possible to determine the worth of Allied Machinery on a given historical date. On April 26, 2024 Allied was worth 15.37 at the beginning of the trading date compared to the closed value of 15.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Allied Machinery stock. Still, in general, we apply an absolute valuation method to find Allied 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 Allied Machinery where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Allied Machinery's related companies.
| Open | High | Low | Close | Volume | |
| 15.58 | 15.73 | 15.38 | 15.49 | 976,400 | |
04/26/2024 | 15.37 | 15.58 | 15.02 | 15.26 | 2,361,476 |
| 15.02 | 15.67 | 15.00 | 15.60 | 2,404,500 |
| Backtest Allied Machinery | | | Allied Machinery History | | | Allied Machinery Valuation | Previous | Next |
Allied Machinery Trading Date Momentum on April 26, 2024
| On April 29 2024 Allied Machinery Co was traded for 15.60 at the closing time. The highest price during the trading period was 15.67 and the lowest recorded bid was listed for 15.00 . The volume for the day was 2.4 M. This history from April 29, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 2.23% . The overall trading delta to the current price is 6.36% . |
Allied Machinery Fundamentals Correlations and Trends
By evaluating Allied 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 Allied Machinery's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Allied financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Allied Machinery Stock history
Allied 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 Allied is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Allied 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 Allied Machinery stock prices may prove useful in developing a viable investing in Allied Machinery
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 277.4 M | 221.2 M |
Allied Machinery Quarterly Net Working Capital |
|
Allied Machinery Stock Technical Analysis
Allied 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
Allied Machinery Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Allied Machinery 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.
Allied Machinery December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Allied 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 Allied Machinery shares will generate the highest return on investment. By undertsting and applying Allied Machinery stock market strength indicators, traders can identify Allied Machinery Co entry and exit signals to maximize returns
Allied Machinery Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Allied Machinery's price direction in advance. Along with the technical and fundamental analysis of Allied Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Allied 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 | 0.1431 | |||
| Jensen Alpha | 0.5435 | |||
| Total Risk Alpha | 0.1104 | |||
| Sortino Ratio | 0.1506 | |||
| Treynor Ratio | (1.04) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Allied Stock analysis
When running Allied Machinery's price analysis, check to measure Allied 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 Allied Machinery is operating at the current time. Most of Allied Machinery's value examination focuses on studying past and present price action to predict the probability of Allied 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 Allied Machinery's price. Additionally, you may evaluate how the addition of Allied Machinery to your portfolios can decrease your overall portfolio volatility.
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing |