New Trend (China) Price on June 20, 2024
| 300532 Stock | 12.41 0.20 1.64% |
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. As of today, the current price of New Trend stands at 12.41, as last reported on the 22nd of December, with the highest price reaching 12.60 and the lowest price hitting 12.31 during the day. New Trend appears to be slightly risky, given 3 months investment horizon. New Trend International has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing New Trend's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please exercise New Trend's Mean Deviation of 3.35, downside deviation of 4.41, and Risk Adjusted Performance of 0.1024 to check out if our risk estimates are consistent with your expectations.
New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.1185
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Estimated Market Risk
| 5.1 actual daily | 45 55% of assets are more volatile |
Expected Return
| 0.61 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average New Trend is performing at about 9% 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 New Trend by adding it to a well-diversified portfolio.
New Trend Valuation on June 20, 2024
It is possible to determine the worth of New Trend on a given historical date. On June 20, 2024 New was worth 8.47 at the beginning of the trading date compared to the closed value of 8.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Trend stock. Still, in general, we apply an absolute valuation method to find New Trend'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 New Trend where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Trend's related companies.
| Open | High | Low | Close | Volume | |
| 8.54 | 8.60 | 8.50 | 8.52 | 5,540,450 | |
06/20/2024 | 8.47 | 8.52 | 8.22 | 8.22 | 5,513,480 |
| 7.95 | 8.14 | 7.67 | 8.09 | 8,078,821 |
| Backtest New Trend | | | New Trend History | | | New Trend Valuation | Previous | Next |
New Trend Trading Date Momentum on June 20, 2024
| On June 21 2024 New Trend International was traded for 8.09 at the closing time. The highest price during the trading period was 8.14 and the lowest recorded bid was listed for 7.67 . The volume for the day was 8.1 M. This history from June 21, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.58% . The trading delta at closing time to the current price is 2.55% . |
New Trend International Fundamentals Correlations and Trends
By evaluating New Trend'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 New Trend's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.About New Trend Stock history
New Trend 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 New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Trend International 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 New Trend stock prices may prove useful in developing a viable investing in New Trend
New Trend Stock Technical Analysis
New Trend 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
New Trend Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
New Trend International 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.
New Trend December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how New Trend stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Trend shares will generate the highest return on investment. By undertsting and applying New Trend stock market strength indicators, traders can identify New Trend International entry and exit signals to maximize returns
New Trend Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Trend's price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New 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 | 0.1024 | |||
| Jensen Alpha | 0.5849 | |||
| Total Risk Alpha | 0.4522 | |||
| Sortino Ratio | 0.13 | |||
| Treynor Ratio | 1.3 |
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| Math Transform | ||
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| Pattern Recognition | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for New Stock analysis
When running New Trend's price analysis, check to measure New Trend'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 New Trend is operating at the current time. Most of New Trend's value examination focuses on studying past and present price action to predict the probability of New Trend's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Trend's price. Additionally, you may evaluate how the addition of New Trend to your portfolios can decrease your overall portfolio volatility.
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