Shanghai Newtouch (China) Price on March 24, 2024
| 688590 Stock | 14.42 0.40 2.85% |
If you're considering investing in Shanghai Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shanghai Newtouch stands at 14.42, as last reported on the 10th of January, with the highest price reaching 14.56 and the lowest price hitting 13.78 during the day. At this point, Shanghai Newtouch is somewhat reliable. Shanghai Newtouch owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0173, which indicates the firm had a 0.0173% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Shanghai Newtouch Software, which you can use to evaluate the volatility of the company. Please validate Shanghai Newtouch's Coefficient Of Variation of (2,692), risk adjusted performance of (0.02), and Variance of 26.06 to confirm if the risk estimate we provide is consistent with the expected return of 0.0833%.
As of January 10, 2025, Total Stockholder Equity is expected to decline to about 1.2 B. In addition to that, Common Stock Shares Outstanding is expected to decline to about 252.2 M. Shanghai Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shanghai |
Sharpe Ratio = 0.0173
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| Cash | Small Risk | Average Risk | 688590 | Huge Risk |
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Estimated Market Risk
| 4.81 actual daily | 42 58% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Shanghai Newtouch is performing at about 1% 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 Shanghai Newtouch by adding it to a well-diversified portfolio.
Price Book 2.5676 | Enterprise Value 4.6 B | Enterprise Value Ebitda 44.348 | Price Sales 1.6514 | Enterprise Value Revenue 2.365 |
Shanghai Newtouch Valuation on March 24, 2024
It is possible to determine the worth of Shanghai Newtouch on a given historical date. On March 24, 2024 Shanghai was worth 19.98 at the beginning of the trading date compared to the closed value of 20.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shanghai Newtouch stock. Still, in general, we apply an absolute valuation method to find Shanghai Newtouch'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 Shanghai Newtouch where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shanghai Newtouch's related companies.
| Open | High | Low | Close | Volume | |
| 21.01 | 22.19 | 19.59 | 20.12 | 14,854,306 | |
03/22/2024 | 19.98 | 21.30 | 19.39 | 20.68 | 10,411,760 |
| 20.80 | 21.17 | 19.04 | 19.12 | 9,526,110 |
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Shanghai Newtouch Trading Date Momentum on March 24, 2024
| On March 25 2024 Shanghai Newtouch Software was traded for 19.12 at the closing time. The highest price during the trading period was 21.17 and the lowest recorded bid was listed for 19.04 . The volume for the day was 9.5 M. This history from March 25, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 7.54% . The trading price change to the current price is 12.23% . |
Shanghai Newtouch Fundamentals Correlations and Trends
By evaluating Shanghai Newtouch'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 Shanghai Newtouch's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shanghai financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shanghai Newtouch Stock history
Shanghai Newtouch 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 Shanghai is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shanghai Newtouch 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 Shanghai Newtouch stock prices may prove useful in developing a viable investing in Shanghai Newtouch
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 295.4 M | 252.2 M |
Shanghai Newtouch Quarterly Net Working Capital |
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Shanghai Newtouch Stock Technical Analysis
Shanghai Newtouch 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
Shanghai Newtouch Period Price Range
Low | January 10, 2025
| High |
0.00 | 0.00 |
Shanghai Newtouch Software 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.
Shanghai Newtouch January 10, 2025 Market Strength
Market strength indicators help investors to evaluate how Shanghai Newtouch stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shanghai Newtouch shares will generate the highest return on investment. By undertsting and applying Shanghai Newtouch stock market strength indicators, traders can identify Shanghai Newtouch Software entry and exit signals to maximize returns
Shanghai Newtouch Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shanghai Newtouch's price direction in advance. Along with the technical and fundamental analysis of Shanghai Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shanghai 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 | (0.02) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 1.29 |
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| Volume Indicators |
Complementary Tools for Shanghai Stock analysis
When running Shanghai Newtouch's price analysis, check to measure Shanghai Newtouch'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 Shanghai Newtouch is operating at the current time. Most of Shanghai Newtouch's value examination focuses on studying past and present price action to predict the probability of Shanghai Newtouch's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shanghai Newtouch's price. Additionally, you may evaluate how the addition of Shanghai Newtouch to your portfolios can decrease your overall portfolio volatility.
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