IRay Technology (China) Price on September 5, 2024
| 688301 Stock | 100.29 0.62 0.62% |
Below is the normalized historical share price chart for iRay Technology Co extending back to September 18, 2020. 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 IRay Technology stands at 100.29, as last reported on the 20th of December, with the highest price reaching 103.50 and the lowest price hitting 99.02 during the day.
If you're considering investing in IRay Stock, it is important to understand the factors that can impact its price. IRay Technology appears to be very steady, given 3 months investment horizon. iRay Technology holds Efficiency (Sharpe) Ratio of 0.0857, which attests that the entity had a 0.0857% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iRay Technology, which you can use to evaluate the volatility of the firm. Please utilize IRay Technology's Downside Deviation of 3.55, market risk adjusted performance of (0.38), and Risk Adjusted Performance of 0.0563 to validate if our risk estimates are consistent with your expectations.
As of December 20, 2024, Total Stockholder Equity is expected to decline to about 3.2 B. In addition to that, Common Stock Shares Outstanding is expected to decline to about 128.3 M. IRay Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 122.2242 | 50 Day MA 115.0452 | Beta 0.375 |
IRay |
Sharpe Ratio = 0.0857
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 688301 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.11 actual daily | 45 55% of assets are more volatile |
Expected Return
| 0.44 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average IRay Technology is performing at about 6% 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 IRay Technology by adding it to a well-diversified portfolio.
Price Book 3.11 | Enterprise Value Ebitda 24.035 | Price Sales 7.87 | Shares Float 77.6 M | Dividend Share 1.429 |
IRay Technology Valuation on September 5, 2024
It is possible to determine the worth of IRay Technology on a given historical date. On September 5, 2024 IRay was worth 95.22 at the beginning of the trading date compared to the closed value of 95.75. 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 | |
| 95.89 | 97.90 | 94.01 | 95.22 | 928,114 | |
09/05/2024 | 95.22 | 97.60 | 95.16 | 95.75 | 543,157 |
| 96.04 | 96.04 | 92.60 | 93.28 | 682,113 |
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IRay Technology Trading Date Momentum on September 5, 2024
| On September 06 2024 iRay Technology Co was traded for 93.28 at the closing time. The highest price during the trading period was 96.04 and the lowest recorded bid was listed for 92.60 . The volume for the day was 682.1 K. This history from September 6, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.58% . The trading date delta to the current price is 11.44% . |
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
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 142.8 M | 128.3 M |
IRay Technology Quarterly Net Working Capital |
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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.
Price Boundaries
IRay Technology Period Price Range
Low | December 20, 2024
| High |
0.00 | 0.00 |
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 December 20, 2024 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.
| Risk Adjusted Performance | 0.0563 | |||
| Jensen Alpha | 0.307 | |||
| Total Risk Alpha | 0.1513 | |||
| Sortino Ratio | 0.0755 | |||
| Treynor Ratio | (0.39) |
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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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