IRay Technology (China) Price on May 20, 2024

688301 Stock   98.60  3.03  3.17%   
If you're considering investing in IRay Stock, it is important to understand the factors that can impact its price. As of today, the current price of IRay Technology stands at 98.60, as last reported on the 2nd of January, with the highest price reaching 99.36 and the lowest price hitting 93.40 during the day. iRay Technology holds Efficiency (Sharpe) Ratio of -0.2, which attests that the entity had a -0.2% return per unit of risk over the last 3 months. iRay Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IRay Technology's Standard Deviation of 3.23, market risk adjusted performance of (1.31), and Risk Adjusted Performance of (0.15) to validate the risk estimate we provide.
  
IRay Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.2003

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Estimated Market Risk

 3.23
  actual daily
28
72% of assets are more volatile

Expected Return

 -0.65
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.2
  actual daily
0
Most of other assets perform better
Based on monthly moving average IRay Technology is not performing at its full potential. However, 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 IRay Technology by adding IRay Technology to a well-diversified portfolio.

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Zhongshan Broad Headline on 20th of May 2024

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IRay Technology Valuation on May 20, 2024

It is possible to determine the worth of IRay Technology on a given historical date. On May 20, 2024 IRay was worth 142.18 at the beginning of the trading date compared to the closed value of 144.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IRay Technology stock. Still, in general, we apply an absolute valuation method to find IRay Technology'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 IRay Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IRay Technology's related companies.
 Open High Low Close Volume
  140.75    142.72    138.43    142.09    1,289,117  
05/20/2024
  142.18    144.89    140.07    144.25    840,365  
  144.24    144.24    137.63    138.57    1,065,496  
Backtest IRay Technology  |  IRay Technology History  |  IRay Technology Valuation   PreviousNext  
Open Value
142.18
132.50
Downside
144.25
Closing Value
151.86
Upside

IRay Technology Trading Date Momentum on May 20, 2024

On May 21 2024 iRay Technology Co was traded for  138.57  at the closing time. The highest price during the trading period was 144.24  and the lowest recorded bid was listed for  137.63 . The volume for the day was 1.1 M. This history from May 21, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.94% . The trading date delta to the current price is 16.58% .

iRay Technology Fundamentals Correlations and Trends

By evaluating IRay Technology'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 IRay Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. IRay financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About IRay Technology Stock history

IRay Technology 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 IRay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in iRay Technology 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 IRay Technology stock prices may prove useful in developing a viable investing in IRay Technology

IRay Technology Stock Technical Analysis

IRay Technology 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 IRay Technology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of IRay Technology 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

IRay Technology Period Price Range

Low
January 2, 2025
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High

 0.00 

     

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iRay Technology 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.

IRay Technology January 2, 2025 Market Strength

Market strength indicators help investors to evaluate how IRay Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IRay Technology shares will generate the highest return on investment. By undertsting and applying IRay Technology stock market strength indicators, traders can identify iRay Technology Co entry and exit signals to maximize returns

IRay Technology Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for IRay Technology's price direction in advance. Along with the technical and fundamental analysis of IRay Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of IRay 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 IRay Stock analysis

When running IRay Technology's price analysis, check to measure IRay Technology'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 IRay Technology is operating at the current time. Most of IRay Technology's value examination focuses on studying past and present price action to predict the probability of IRay Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IRay Technology's price. Additionally, you may evaluate how the addition of IRay Technology to your portfolios can decrease your overall portfolio volatility.
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