Double Medical (China) Price on December 20, 2024
002901 Stock | 31.44 0.44 1.42% |
If you're considering investing in Double Stock, it is important to understand the factors that can impact its price. As of today, the current price of Double Medical stands at 31.44, as last reported on the 30th of December, with the highest price reaching 31.58 and the lowest price hitting 30.82 during the day. Double Medical Technology secures Sharpe Ratio (or Efficiency) of -0.0697, which denotes the company had a -0.0697% return per unit of risk over the last 3 months. Double Medical Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Double Medical's Variance of 4.27, standard deviation of 2.07, and Mean Deviation of 1.53 to check the risk estimate we provide.
Double Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Double |
Sharpe Ratio = -0.0697
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Negative Returns | 002901 |
Estimated Market Risk
2.07 actual daily | 18 82% of assets are more volatile |
Expected Return
-0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Double Medical 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 Double Medical by adding Double Medical to a well-diversified portfolio.
Double Medical Valuation on December 20, 2024
It is possible to determine the worth of Double Medical on a given historical date. On December 20, 2024 Double was worth 30.78 at the beginning of the trading date compared to the closed value of 31.39. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Double Medical stock. Still, in general, we apply an absolute valuation method to find Double Medical'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 Double Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Double Medical's related companies.
Open | High | Low | Close | Volume | |
30.60 | 30.89 | 30.41 | 30.78 | 932,800 | |
12/20/2024 | 30.78 | 31.79 | 30.78 | 31.39 | 1,149,050 |
31.35 | 31.54 | 30.82 | 30.90 | 1,119,738 |
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Double Medical Trading Date Momentum on December 20, 2024
On December 23 2024 Double Medical Technology was traded for 30.90 at the closing time. The highest price during the trading period was 31.54 and the lowest recorded bid was listed for 30.82 . The volume for the day was 1.1 M. This history from December 23, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.56% . The overall trading delta to the current price is 1.21% . |
Double Medical Technology Fundamentals Correlations and Trends
By evaluating Double Medical'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 Double Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Double financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Double Medical Stock history
Double Medical 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 Double is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Double Medical Technology 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 Double Medical stock prices may prove useful in developing a viable investing in Double Medical
Double Medical Stock Technical Analysis
Double Medical 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
Double Medical Period Price Range
Low | December 30, 2024
| High |
0.00 | 0.00 |
Double Medical Technology 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.
Double Medical December 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Double Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Double Medical shares will generate the highest return on investment. By undertsting and applying Double Medical stock market strength indicators, traders can identify Double Medical Technology entry and exit signals to maximize returns
Double Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Double Medical's price direction in advance. Along with the technical and fundamental analysis of Double Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Double 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 | (0.05) | |||
Jensen Alpha | (0.16) | |||
Total Risk Alpha | (0.21) | |||
Treynor Ratio | (0.38) |
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Pattern Recognition | ||
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Volume Indicators |
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When running Double Medical's price analysis, check to measure Double Medical'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 Double Medical is operating at the current time. Most of Double Medical's value examination focuses on studying past and present price action to predict the probability of Double Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Double Medical's price. Additionally, you may evaluate how the addition of Double Medical to your portfolios can decrease your overall portfolio volatility.
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