Sanan Optoelectronics (China) Price on September 26, 2024

600703 Stock   12.85  0.20  1.58%   
Below is the normalized historical share price chart for Sanan Optoelectronics Co extending back to May 28, 1996. 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 Sanan Optoelectronics stands at 12.85, as last reported on the 21st of December, with the highest price reaching 12.98 and the lowest price hitting 12.58 during the day.
IPO Date
14th of May 1996
200 Day MA
12.174
50 Day MA
13.206
Beta
0.768
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Sanan Stock, it is important to understand the factors that can impact its price. Sanan Optoelectronics appears to be not too volatile, given 3 months investment horizon. Sanan Optoelectronics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting Sanan Optoelectronics' technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please review Sanan Optoelectronics' Risk Adjusted Performance of 0.1224, coefficient of variation of 688.32, and Semi Deviation of 1.95 to confirm if our risk estimates are consistent with your expectations.
  
At present, Sanan Optoelectronics' Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 6 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 4.9 B. . Sanan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1662

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Estimated Market Risk

 3.02
  actual daily
26
74% of assets are more volatile

Expected Return

 0.5
  actual daily
9
91% of assets have higher returns

Risk-Adjusted Return

 0.17
  actual daily
13
87% of assets perform better
Based on monthly moving average Sanan Optoelectronics is performing at about 13% 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 Sanan Optoelectronics by adding it to a well-diversified portfolio.
Price Book
1.7141
Enterprise Value Ebitda
70.0073
Price Sales
4.0762
Shares Float
3.5 B
Wall Street Target Price
12.88

Sanan Optoelectronics Valuation on September 26, 2024

It is possible to determine the worth of Sanan Optoelectronics on a given historical date. On September 26, 2024 Sanan was worth 10.23 at the beginning of the trading date compared to the closed value of 10.64. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sanan Optoelectronics stock. Still, in general, we apply an absolute valuation method to find Sanan Optoelectronics' 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 Sanan Optoelectronics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sanan Optoelectronics' related companies.
 Open High Low Close Volume
  10.20    10.49    10.19    10.24    50,619,056  
09/26/2024
  10.23    10.64    10.19    10.64    45,681,179  
  10.88    11.34    10.83    11.33    62,617,836  
Backtest Sanan Optoelectronics  |  Sanan Optoelectronics History  |  Sanan Optoelectronics Valuation PreviousNext  
Open Value
10.23
10.64
Closing Value
19.28
Upside

Sanan Optoelectronics Trading Date Momentum on September 26, 2024

On September 27 2024 Sanan Optoelectronics Co was traded for  11.33  at the closing time. The highest price during the trading period was 11.34  and the lowest recorded bid was listed for  10.83 . The volume for the day was 62.6 M. This history from September 27, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 6.48% . The trading price change to the current price is 28.85% .
JavaScript chart by amCharts 3.21.1509/26/2024Sep 18Sep 20Sep 22Sep 24Sep 26Sep 28Sep 309.510.010.511.011.512.012.5

Sanan Optoelectronics Fundamentals Correlations and Trends

By evaluating Sanan Optoelectronics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Sanan Optoelectronics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sanan financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Sanan Optoelectronics Stock history

Sanan Optoelectronics 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 Sanan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sanan Optoelectronics 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 Sanan Optoelectronics stock prices may prove useful in developing a viable investing in Sanan Optoelectronics
Last ReportedProjected for Next Year
Common Stock Shares Outstanding5.7 B4.9 B
Net Income Applicable To Common Shares787.8 M1.1 B

Sanan Optoelectronics Quarterly Net Working Capital

8.41 Billion

Sanan Optoelectronics Stock Technical Analysis

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

Sanan Optoelectronics Period Price Range

Low
December 21, 2024
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High

 0.00 

     

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Sanan Optoelectronics Co cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai 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.

Sanan Optoelectronics December 21, 2024 Market Strength

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

Sanan Optoelectronics Technical and Predictive Indicators

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

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