Longxing Chemical (China) Price on September 19, 2024

002442 Stock   5.66  0.06  1.07%   
Below is the normalized historical share price chart for Longxing Chemical Stock extending back to July 06, 2010. 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 Longxing Chemical stands at 5.66, as last reported on the 11th of December 2024, with the highest price reaching 5.66 and the lowest price hitting 5.54 during the day.
IPO Date
6th of July 2010
200 Day MA
4.6064
50 Day MA
5.0168
Beta
0.669
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Longxing Stock, it is important to understand the factors that can impact its price. Longxing Chemical appears to be slightly risky, given 3 months investment horizon. Longxing Chemical Stock has Sharpe Ratio of 0.24, which conveys that the firm had a 0.24% return per unit of risk over the last 3 months. By analyzing Longxing Chemical's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please exercise Longxing Chemical's Risk Adjusted Performance of 0.1446, mean deviation of 1.76, and Downside Deviation of 2.29 to check out if our risk estimates are consistent with your expectations.
  
The current year's Other Stockholder Equity is expected to grow to about 13.8 M, whereas Total Stockholder Equity is forecasted to decline to about 1.4 B. . Longxing Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.2419

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Estimated Market Risk

 2.5
  actual daily
22
78% of assets are more volatile

Expected Return

 0.61
  actual daily
12
88% of assets have higher returns

Risk-Adjusted Return

 0.24
  actual daily
19
81% of assets perform better
Based on monthly moving average Longxing Chemical is performing at about 19% 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 Longxing Chemical by adding it to a well-diversified portfolio.
Price Book
1.4964
Enterprise Value Ebitda
22.8456
Price Sales
0.6847
Shares Float
296.6 M
Dividend Share
0.12

Longxing Chemical Valuation on September 19, 2024

It is possible to determine the worth of Longxing Chemical on a given historical date. On September 19, 2024 Longxing was worth 3.94 at the beginning of the trading date compared to the closed value of 4.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Longxing Chemical stock. Still, in general, we apply an absolute valuation method to find Longxing Chemical'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 Longxing Chemical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Longxing Chemical's related companies.
 Open High Low Close Volume
  3.99    3.99    3.87    3.92    5,969,000  
09/19/2024
  3.94    4.06    3.92    4.05    7,324,500  
  4.05    4.06    3.98    4.03    4,509,500  
Backtest Longxing Chemical  |  Longxing Chemical History  |  Longxing Chemical Valuation   PreviousNext  
Open Value
3.94
4.05
Closing Value
11.45
Upside

Longxing Chemical Trading Date Momentum on September 19, 2024

On September 20 2024 Longxing Chemical Stock was traded for  4.03  at the closing time. The highest price during the trading period was 4.06  and the lowest recorded bid was listed for  3.98 . The volume for the day was 4.5 M. This history from September 20, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.49% . The trading delta at closing time to the current price is 13.09% .

Longxing Chemical Stock Fundamentals Correlations and Trends

By evaluating Longxing Chemical'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 Longxing Chemical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Longxing financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Longxing Chemical Stock history

Longxing Chemical 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 Longxing is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Longxing Chemical Stock 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 Longxing Chemical stock prices may prove useful in developing a viable investing in Longxing Chemical
Last ReportedProjected for Next Year
Common Stock Shares Outstanding564.4 M533.1 M
Net Income Applicable To Common Shares119.2 M78.7 M

Longxing Chemical Quarterly Net Working Capital

1.43 Billion

Longxing Chemical Stock Technical Analysis

Longxing Chemical 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.
A focus of Longxing Chemical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Longxing Chemical trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Longxing Chemical Period Price Range

Low
December 11, 2024
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High

 0.00 

     

 0.00 

Longxing Chemical Stock cannot be verified against its exchange. Please verify the symbol is currently traded on Shenzhen 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.

Longxing Chemical December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how Longxing Chemical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Longxing Chemical shares will generate the highest return on investment. By undertsting and applying Longxing Chemical stock market strength indicators, traders can identify Longxing Chemical Stock entry and exit signals to maximize returns

Longxing Chemical Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Longxing Chemical's price direction in advance. Along with the technical and fundamental analysis of Longxing Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Longxing 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.

Complementary Tools for Longxing Stock analysis

When running Longxing Chemical's price analysis, check to measure Longxing Chemical'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 Longxing Chemical is operating at the current time. Most of Longxing Chemical's value examination focuses on studying past and present price action to predict the probability of Longxing Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Longxing Chemical's price. Additionally, you may evaluate how the addition of Longxing Chemical to your portfolios can decrease your overall portfolio volatility.
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