Cheryong Industrial (Korea) Price on October 16, 2024

147830 Stock  KRW 5,360  260.00  5.10%   
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 Industrial stands at 5,360, as last reported on the 4th of December, with the highest price reaching 5,360 and the lowest price hitting 5,030 during the day. Cheryong Industrial CoLtd secures Sharpe Ratio (or Efficiency) of -0.0663, which signifies that the company had a -0.0663% return per unit of standard deviation over the last 3 months. Cheryong Industrial CoLtd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cheryong Industrial's risk adjusted performance of (0.08), and Mean Deviation of 2.71 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 = -0.0663

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative Returns147830

Estimated Market Risk

 3.26
  actual daily
29
71% of assets are more volatile

Expected Return

 -0.22
  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 Cheryong Industrial 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 Industrial by adding Cheryong Industrial to a well-diversified portfolio.

Cheryong Industrial Valuation on October 16, 2024

It is possible to determine the worth of Cheryong Industrial on a given historical date. On October 16, 2024 Cheryong was worth 6500.0 at the beginning of the trading date compared to the closed value of 6300.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cheryong Industrial stock. Still, in general, we apply an absolute valuation method to find Cheryong Industrial'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 Industrial where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cheryong Industrial's related companies.
 Open High Low Close Volume
  6,720    6,770    6,510    6,570    176,862  
10/16/2024
  6,500    6,500    6,300    6,300    175,646  
  6,430    6,750    6,400    6,500    479,502  
Backtest Cheryong Industrial  |  Cheryong Industrial History  |  Cheryong Industrial Valuation   PreviousNext  
Open Value
6500.0
6300.0
Closing Value
6,510
Upside

Cheryong Industrial Trading Date Momentum on October 16, 2024

On October 17 2024 Cheryong Industrial CoLtd was traded for  6,500  at the closing time. The highest price during the trading period was 6,750  and the lowest recorded bid was listed for  6,400 . The volume for the day was 479.5 K. This history from October 17, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 3.17% . The overall trading delta to the current price is 2.70% .

Cheryong Industrial CoLtd Fundamentals Correlations and Trends

By evaluating Cheryong Industrial'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 Industrial'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 Industrial Stock history

Cheryong Industrial 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 Industrial 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 Industrial stock prices may prove useful in developing a viable investing in Cheryong Industrial
Cheryong Industrial Co. Ltd. manufactures materials used in power transmission industry, such as materials for guywires, downlead wires and pipelines, as well as insulators, fittings and plastic reels, optical joint boxes, optical patchcord pigtails and fiber optical joint boxes.

Cheryong Industrial Stock Technical Analysis

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

Low
December 4, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Cheryong Industrial 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 Industrial December 4, 2024 Market Strength

Market strength indicators help investors to evaluate how Cheryong Industrial 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 Industrial shares will generate the highest return on investment. By undertsting and applying Cheryong Industrial stock market strength indicators, traders can identify Cheryong Industrial CoLtd entry and exit signals to maximize returns

Cheryong Industrial Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Cheryong Industrial'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 Industrial's price analysis, check to measure Cheryong Industrial'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 Industrial is operating at the current time. Most of Cheryong Industrial's value examination focuses on studying past and present price action to predict the probability of Cheryong Industrial'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 Industrial's price. Additionally, you may evaluate how the addition of Cheryong Industrial to your portfolios can decrease your overall portfolio volatility.
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Share Portfolio
Track or share privately all of your investments from the convenience of any device