Qingdao Hi (China) Price on April 29, 2024
| 301022 Stock | 24.56 0.23 0.95% |
If you're considering investing in Qingdao Stock, it is important to understand the factors that can impact its price. As of today, the current price of Qingdao Hi stands at 24.56, as last reported on the 13th of December 2024, with the highest price reaching 24.69 and the lowest price hitting 24.17 during the day. Qingdao Hi appears to be somewhat reliable, given 3 months investment horizon. Qingdao Hi Tech maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. By analyzing Qingdao Hi's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please evaluate Qingdao Hi's Coefficient Of Variation of 731.84, semi deviation of 3.29, and Risk Adjusted Performance of 0.1073 to confirm if our risk estimates are consistent with your expectations.
As of December 13, 2024, Total Stockholder Equity is expected to decline to about 746.8 M. In addition to that, Common Stock Shares Outstanding is expected to decline to about 79.2 M. Qingdao Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Qingdao |
Sharpe Ratio = 0.1859
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 301022 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.97 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.74 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Qingdao Hi is performing at about 14% 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 Qingdao Hi by adding it to a well-diversified portfolio.
Price Book 1.9481 | Enterprise Value Ebitda 38.634 | Price Sales 3.1423 | Shares Float 32.1 M | Dividend Share 0.26 |
Qingdao Hi Valuation on April 29, 2024
It is possible to determine the worth of Qingdao Hi on a given historical date. On April 29, 2024 Qingdao was worth 25.15 at the beginning of the trading date compared to the closed value of 25.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Qingdao Hi stock. Still, in general, we apply an absolute valuation method to find Qingdao Hi'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 Qingdao Hi where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Qingdao Hi's related companies.
| Open | High | Low | Close | Volume | |
| 24.32 | 25.52 | 24.32 | 25.14 | 5,675,999 | |
04/29/2024 | 25.15 | 25.99 | 25.15 | 25.75 | 5,375,027 |
| 25.75 | 26.12 | 24.61 | 24.83 | 4,266,370 |
| Backtest Qingdao Hi | | | Qingdao Hi History | | | Qingdao Hi Valuation | Previous | Next |
Qingdao Hi Trading Date Momentum on April 29, 2024
| On April 30 2024 Qingdao Hi Tech Moulds was traded for 24.83 at the closing time. The highest price during the trading period was 26.12 and the lowest recorded bid was listed for 24.61 . The volume for the day was 4.3 M. This history from April 30, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.57% . The trading delta at closing time to the current price is 3.15% . |
Qingdao Hi Tech Fundamentals Correlations and Trends
By evaluating Qingdao Hi'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 Qingdao Hi's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Qingdao financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Qingdao Hi Stock history
Qingdao Hi 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 Qingdao is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Qingdao Hi Tech 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 Qingdao Hi stock prices may prove useful in developing a viable investing in Qingdao Hi
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 95.7 M | 79.2 M |
Qingdao Hi Quarterly Net Working Capital |
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Qingdao Hi Stock Technical Analysis
Qingdao Hi 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
Qingdao Hi Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Qingdao Hi Tech Moulds 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.
Qingdao Hi December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Qingdao Hi stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Qingdao Hi shares will generate the highest return on investment. By undertsting and applying Qingdao Hi stock market strength indicators, traders can identify Qingdao Hi Tech Moulds entry and exit signals to maximize returns
Qingdao Hi Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Qingdao Hi's price direction in advance. Along with the technical and fundamental analysis of Qingdao Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Qingdao 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 | 0.1073 | |||
| Jensen Alpha | 0.503 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1099 | |||
| Treynor Ratio | 21.06 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Qingdao Stock analysis
When running Qingdao Hi's price analysis, check to measure Qingdao Hi'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 Qingdao Hi is operating at the current time. Most of Qingdao Hi's value examination focuses on studying past and present price action to predict the probability of Qingdao Hi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qingdao Hi's price. Additionally, you may evaluate how the addition of Qingdao Hi to your portfolios can decrease your overall portfolio volatility.
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