CNOOC (Germany) Price on December 20, 2024
NC2B Stock | EUR 2.18 0.00 0.00% |
If you're considering investing in CNOOC Stock, it is important to understand the factors that can impact its price. As of today, the current price of CNOOC stands at 2.18, as last reported on the 3rd of January, with the highest price reaching 2.18 and the lowest price hitting 2.18 during the day. CNOOC secures Sharpe Ratio (or Efficiency) of -0.22, which signifies that the company had a -0.22% return per unit of risk over the last 3 months. CNOOC exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CNOOC's risk adjusted performance of (0.01), and Mean Deviation of 0.8057 to double-check the risk estimate we provide.
CNOOC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
CNOOC |
Sharpe Ratio = -0.2158
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Estimated Market Risk
1.23 actual daily | 10 90% of assets are more volatile |
Expected Return
-0.26 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.22 actual daily | 0 Most of other assets perform better |
Based on monthly moving average CNOOC 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 CNOOC by adding CNOOC to a well-diversified portfolio.
CNOOC Valuation on December 20, 2024
It is possible to determine the worth of CNOOC on a given historical date. On December 20, 2024 CNOOC was worth 2.18 at the beginning of the trading date compared to the closed value of 2.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CNOOC stock. Still, in general, we apply an absolute valuation method to find CNOOC'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 CNOOC where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CNOOC's related companies.
Open | High | Low | Close | Volume | |
2.18 | 2.18 | 2.18 | 2.18 | 1.00 | |
12/20/2024 | 2.18 | 2.18 | 2.18 | 2.18 | 1.00 |
2.18 | 2.18 | 2.18 | 2.18 | 1.00 |
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CNOOC Trading Date Momentum on December 20, 2024
On December 23 2024 CNOOC was traded for 2.18 at the closing time. The maximum traded price for the trading interval was 2.18 and the lowest daily price was 2.18 . There was no trading activity during the period 1.0. Lack of trading volume on 23rd of December 2024 did not affect price variability. The overall trading delta to the closing price today is 0.00% . |
CNOOC Fundamentals Correlations and Trends
By evaluating CNOOC'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 CNOOC's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CNOOC financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CNOOC Stock history
CNOOC 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 CNOOC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CNOOC 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 CNOOC stock prices may prove useful in developing a viable investing in CNOOC
CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil, natural gas, and other petroleum products. CNOOC Limited is a subsidiary of China National Offshore Oil Corporation. CNOOC operates under Oil Gas EP classification in Germany and traded on Frankfurt Stock Exchange. It employs 18802 people.
CNOOC Stock Technical Analysis
CNOOC 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
CNOOC Period Price Range
Low | January 3, 2025
| High |
0.00 | 0.00 |
CNOOC 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.
CNOOC January 3, 2025 Market Strength
Market strength indicators help investors to evaluate how CNOOC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CNOOC shares will generate the highest return on investment. By undertsting and applying CNOOC stock market strength indicators, traders can identify CNOOC entry and exit signals to maximize returns
CNOOC Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CNOOC's price direction in advance. Along with the technical and fundamental analysis of CNOOC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CNOOC 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 | (0.01) | |||
Jensen Alpha | (0.05) | |||
Total Risk Alpha | (0.05) | |||
Treynor Ratio | (0.12) |
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Volume Indicators |
Complementary Tools for CNOOC Stock analysis
When running CNOOC's price analysis, check to measure CNOOC'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 CNOOC is operating at the current time. Most of CNOOC's value examination focuses on studying past and present price action to predict the probability of CNOOC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNOOC's price. Additionally, you may evaluate how the addition of CNOOC to your portfolios can decrease your overall portfolio volatility.
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