Allied Machinery (China) Price on April 28, 2024

605060 Stock   16.09  0.32  1.95%   
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 16.09, as last reported on the 4th of December, with the highest price reaching 16.44 and the lowest price hitting 16.00 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 Risk Adjusted Performance of 0.1431, downside deviation of 2.6, and Mean Deviation of 1.86 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.

Sharpe Ratio = 0.1796

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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 28, 2024

It is possible to determine the worth of Allied Machinery on a given historical date. On April 28, 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  
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Open Value
15.37
15.26
Closing Value
24.41
Upside

Allied Machinery Trading Date Momentum on April 28, 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 ReportedProjected for Next Year
Common Stock Shares Outstanding277.4 M221.2 M

Allied Machinery Quarterly Net Working Capital

914.92 Million

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.
A focus of Allied Machinery technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Allied Machinery trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Allied Machinery Period Price Range

Low
December 4, 2024
0.00  NaN%
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.

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.
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