Cheryong Electric (Korea) Price on October 23, 2024

033100 Stock  KRW 39,200  1,900  4.62%   
If you're considering investing in Cheryong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cheryong Electric stands at 39,200, as last reported on the 4th of December, with the highest price reaching 42,000 and the lowest price hitting 39,200 during the day. Cheryong Electric CoLtd secures Sharpe Ratio (or Efficiency) of -0.046, which signifies that the company had a -0.046% return per unit of standard deviation over the last 3 months. Cheryong Electric CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cheryong Electric's risk adjusted performance of (0.1), and Mean Deviation of 3.3 to double-check the risk estimate we provide.
  
Cheryong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.046

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Estimated Market Risk

 4.53
  actual daily
40
60% of assets are more volatile

Expected Return

 -0.21
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  actual daily
0
Most of other assets perform better
Based on monthly moving average Cheryong Electric 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 Cheryong Electric by adding Cheryong Electric to a well-diversified portfolio.

Cheryong Electric Valuation on October 23, 2024

It is possible to determine the worth of Cheryong Electric on a given historical date. On October 23, 2024 Cheryong was worth 59600.0 at the beginning of the trading date compared to the closed value of 57200.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cheryong Electric stock. Still, in general, we apply an absolute valuation method to find Cheryong Electric'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 Cheryong Electric where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cheryong Electric's related companies.
 Open High Low Close Volume
  59,600    61,600    58,500    59,300    244,080  
10/23/2024
  59,600    60,100    56,100    57,200    400,805  
  56,700    57,000    53,400    53,400    482,265  
Backtest Cheryong Electric  |  Cheryong Electric History  |  Cheryong Electric Valuation   PreviousNext  
Open Value
59600.0
59,586
Downside
57200.0
Closing Value
59,614
Upside

Cheryong Electric Trading Date Momentum on October 23, 2024

On October 24 2024 Cheryong Electric CoLtd was traded for  53,400  at the closing time. The highest price during the trading period was 57,000  and the lowest recorded bid was listed for  53,400 . The volume for the day was 482.3 K. This history from October 24, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 6.64% . The overall trading delta to the current price is 8.74% .

Cheryong Electric CoLtd Fundamentals Correlations and Trends

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

About Cheryong Electric Stock history

Cheryong Electric 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 Cheryong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cheryong Electric CoLtd 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 Cheryong Electric stock prices may prove useful in developing a viable investing in Cheryong Electric

Cheryong Electric Stock Technical Analysis

Cheryong Electric 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 Cheryong Electric technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cheryong Electric 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

Cheryong Electric Period Price Range

Low
December 4, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Cheryong Electric CoLtd cannot be verified against its exchange. Please verify the symbol is currently traded on KOSDAQ. 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.

Cheryong Electric December 4, 2024 Market Strength

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

Cheryong Electric Technical and Predictive Indicators

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

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