China Resources (Germany) Price on October 3, 2024
| LGX1 Stock | EUR 3.68 0.02 0.55% |
If you're considering investing in China Stock, it is important to understand the factors that can impact its price. As of today, the current price of China Resources stands at 3.68, as last reported on the 25th of December, with the highest price reaching 3.68 and the lowest price hitting 3.68 during the day. At this point, China Resources is relatively risky. China Resources Gas secures Sharpe Ratio (or Efficiency) of 0.0384, which signifies that the company had a 0.0384% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Resources Gas, which you can use to evaluate the volatility of the firm. Please confirm China Resources' Downside Deviation of 2.97, risk adjusted performance of 0.062, and Mean Deviation of 2.13 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%.
China Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
China |
Sharpe Ratio = 0.0384
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Estimated Market Risk
| 2.88 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average China Resources is performing at about 3% 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 China Resources by adding it to a well-diversified portfolio.
China Resources Valuation on October 3, 2024
It is possible to determine the worth of China Resources on a given historical date. On October 3, 2024 China was worth 3.74 at the beginning of the trading date compared to the closed value of 3.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of China Resources stock. Still, in general, we apply an absolute valuation method to find China Resources' 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 China Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against China Resources' related companies.
| Open | High | Low | Close | Volume | |
| 3.72 | 3.72 | 3.72 | 3.72 | 13.00 | |
10/03/2024 | 3.74 | 3.74 | 3.74 | 3.74 | 13.00 |
| 3.80 | 3.80 | 3.80 | 3.80 | 13.00 |
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China Resources Trading Date Momentum on October 3, 2024
| On October 04 2024 China Resources Gas was traded for 3.80 at the closing time. The maximum traded price for the trading interval was 3.80 and the lowest daily price was 3.80 . The daily volume was recorded at 13.0. The volume of trading on 4th of October 2024 played a part in the next trading day price rise. The trading delta at closing time to the next closing price was 1.60% . The overall trading delta to the closing price today is 2.14% . |
China Resources Gas Fundamentals Correlations and Trends
By evaluating China Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among China Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. China financial account trend analysis is a perfect complement when working with valuation or volatility modules.About China Resources Stock history
China Resources 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 China is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in China Resources Gas 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 China Resources stock prices may prove useful in developing a viable investing in China Resources
China Resources Gas Group Limited, an investment holding company, engages in the sale of liquefied gas and connection of gas pipelines in the Peoples Republic of China and Hong Kong. China Resources Gas Group Limited is a subsidiary of CRH Limited. China Resources operates under Utilities - Regulated Gas classification in Germany and is traded on Frankfurt Stock Exchange. It employs 48031 people.
China Resources Stock Technical Analysis
China Resources 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
China Resources Period Price Range
Low | December 25, 2024
| High |
0.00 | 0.00 |
China Resources Gas cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
China Resources December 25, 2024 Market Strength
Market strength indicators help investors to evaluate how China Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading China Resources shares will generate the highest return on investment. By undertsting and applying China Resources stock market strength indicators, traders can identify China Resources Gas entry and exit signals to maximize returns
China Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for China Resources' price direction in advance. Along with the technical and fundamental analysis of China Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of China 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 | 0.062 | |||
| Jensen Alpha | 0.1905 | |||
| Total Risk Alpha | 0.0621 | |||
| Sortino Ratio | 0.0512 | |||
| Treynor Ratio | (1.80) |
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| Volume Indicators |
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When running China Resources' price analysis, check to measure China Resources' 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 China Resources is operating at the current time. Most of China Resources' value examination focuses on studying past and present price action to predict the probability of China Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Resources' price. Additionally, you may evaluate how the addition of China Resources to your portfolios can decrease your overall portfolio volatility.
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