Tencent Music Entertainment Stock Price on November 28, 2024
| TME Stock | USD 11.41 0.10 0.87% |
Below is the normalized historical share price chart for Tencent Music Entertainment extending back to December 12, 2018. 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 Tencent Music stands at 11.41, as last reported on the 1st of December, with the highest price reaching 11.59 and the lowest price hitting 11.31 during the day.
If you're considering investing in Tencent Stock, it is important to understand the factors that can impact its price. Tencent Music appears to be somewhat reliable, given 3 months investment horizon. Tencent Music Entert owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0601, which indicates the firm had a 0.0601% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tencent Music Entertainment, which you can use to evaluate the volatility of the company. Please review Tencent Music's Semi Deviation of 2.27, risk adjusted performance of 0.0585, and Coefficient Of Variation of 1509.19 to confirm if our risk estimates are consistent with your expectations.
At present, Tencent Music's Stock Based Compensation To Revenue is projected to slightly decrease based on the last few years of reporting. . As of December 1, 2024, Price To Sales Ratio is expected to decline to 3.47. In addition to that, Price Earnings Ratio is expected to decline to 19.60. Tencent Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 12th of December 2018 | 200 Day MA 12.2632 | 50 Day MA 11.7548 | Beta 0.659 |
Tencent |
Sharpe Ratio = 0.0601
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Estimated Market Risk
| 3.51 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Tencent Music is performing at about 4% 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 Tencent Music by adding it to a well-diversified portfolio.
Price Book 2.283 | Enterprise Value Ebitda 16.171 | Price Sales 0.6848 | Shares Float 1.1 B | Wall Street Target Price 105.3952 |
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Tencent Music Valuation on November 28, 2024
It is possible to determine the worth of Tencent Music on a given historical date. On November 28, 2024 Tencent was worth 11.36 at the beginning of the trading date compared to the closed value of 11.51. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tencent Music stock. Still, in general, we apply an absolute valuation method to find Tencent Music'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 Tencent Music where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tencent Music's related companies.
| Open | High | Low | Close | Volume | |
| 11.19 | 11.27 | 11.04 | 11.07 | 6,010,602 | |
11/27/2024 | 11.36 | 11.64 | 11.27 | 11.51 | 5,693,497 |
| 11.44 | 11.59 | 11.31 | 11.41 | 6,029,293 |
| Backtest Tencent Music | | | Tencent Music History | | | Tencent Music Valuation | Previous | Next |
Tencent Music Trading Date Momentum on November 28, 2024
| On November 29 2024 Tencent Music Entertainment was traded for 11.41 at the closing time. Highest Tencent Music's price during the trading hours was 11.59 and the lowest price during the day was 11.31 . The net volume was 6 M. The overall trading history on the 29th of November contributed to the next trading period price depreciation. The trading price change to the next next day price was 0.87% . The trading price change to current price is 0.61% . |
Tencent Music Entert Fundamentals Correlations and Trends
By evaluating Tencent Music'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 Tencent Music's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tencent financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tencent Music Stock history
Tencent Music 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 Tencent is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tencent Music Entert 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 Tencent Music stock prices may prove useful in developing a viable investing in Tencent Music
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.6 B | 1.3 B | |
| Net Income Applicable To Common Shares | 4.2 B | 2.8 B |
Tencent Music Quarterly Net Working Capital |
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Tencent Music Stock Technical Analysis
Tencent Music 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
Tencent Music Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Tencent Music Entertainment cannot be verified against its exchange. Please verify the symbol is currently traded on New York 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.
Tencent Music December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Tencent Music stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tencent Music shares will generate the highest return on investment. By undertsting and applying Tencent Music stock market strength indicators, traders can identify Tencent Music Entertainment entry and exit signals to maximize returns
Tencent Music Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tencent Music's price direction in advance. Along with the technical and fundamental analysis of Tencent Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tencent 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 | 0.0585 | |||
| Jensen Alpha | 0.1352 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0373 | |||
| Treynor Ratio | 0.3311 |
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Complementary Tools for Tencent Stock analysis
When running Tencent Music's price analysis, check to measure Tencent Music'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 Tencent Music is operating at the current time. Most of Tencent Music's value examination focuses on studying past and present price action to predict the probability of Tencent Music's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tencent Music's price. Additionally, you may evaluate how the addition of Tencent Music to your portfolios can decrease your overall portfolio volatility.
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