New Trend (China) Price on August 23, 2024
| 300532 Stock | 11.96 0.45 3.63% |
Below is the normalized historical share price chart for New Trend International extending back to August 18, 2016. 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 New Trend stands at 11.96, as last reported on the 23rd of December, with the highest price reaching 12.44 and the lowest price hitting 11.93 during the day.
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. New Trend appears to be slightly risky, given 3 months investment horizon. New Trend International has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% 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 0.58% is justified by implied risk. Please exercise New Trend's Mean Deviation of 3.26, downside deviation of 4.08, and Risk Adjusted Performance of 0.091 to check out if our risk estimates are consistent with your expectations.
At present, New Trend's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Shares Outstanding is expected to grow to about 318 M, whereas Common Stock is forecasted to decline to about 182.1 M. . New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 10.1069 | 50 Day MA 12.198 | Beta 0.235 |
New |
Sharpe Ratio = 0.1136
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 300532 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.15 actual daily | 45 55% of assets are more volatile |
Expected Return
| 0.58 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average New Trend is performing at about 8% 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.
Price Book 3.371 | Enterprise Value Ebitda 12.9421 | Price Sales 1.9808 | Shares Float 240.7 M | Dividend Share 0.552 |
New Trend Valuation on August 23, 2024
It is possible to determine the worth of New Trend on a given historical date. On August 23, 2024 New was worth 8.93 at the beginning of the trading date compared to the closed value of 9.14. 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 | |
| 8.97 | 9.16 | 8.94 | 8.98 | 15,676,083 | |
08/23/2024 | 8.93 | 9.23 | 8.93 | 9.14 | 18,295,958 |
| 9.12 | 9.20 | 8.99 | 9.09 | 15,364,927 |
| Backtest New Trend | | | New Trend History | | | New Trend Valuation | Previous | Next |
New Trend Trading Date Momentum on August 23, 2024
| On August 26 2024 New Trend International was traded for 9.09 at the closing time. The highest price during the trading period was 9.20 and the lowest recorded bid was listed for 8.99 . The volume for the day was 15.4 M. This history from August 26, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.55% . The trading delta at closing time to the current price is 2.95% . |
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
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 310.2 M | 318 M | |
| Net Income Applicable To Common Shares | 296.6 M | 311.5 M |
New Trend Quarterly Net Working Capital |
|
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 23, 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 23, 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 | 0.091 | |||
| Jensen Alpha | 0.5009 | |||
| Total Risk Alpha | 0.3612 | |||
| Sortino Ratio | 0.1184 | |||
| Treynor Ratio | 2.42 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| 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.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |