Shanghai Rongtai (China) Price on November 27, 2024
| 603579 Stock | 14.86 0.22 1.50% |
Below is the normalized historical share price chart for Shanghai Rongtai Health extending back to January 11, 2017. 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 Shanghai Rongtai stands at 14.86, as last reported on the 2nd of December, with the highest price reaching 14.96 and the lowest price hitting 14.52 during the day.
If you're considering investing in Shanghai Stock, it is important to understand the factors that can impact its price. Shanghai Rongtai appears to be not too volatile, given 3 months investment horizon. Shanghai Rongtai Health owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shanghai Rongtai Health, which you can use to evaluate the volatility of the company. Please review Shanghai Rongtai's Semi Deviation of 2.62, risk adjusted performance of 0.0893, and Coefficient Of Variation of 929.17 to confirm if our risk estimates are consistent with your expectations.
The current year's Other Stockholder Equity is expected to grow to about 50.4 M, whereas Total Stockholder Equity is forecasted to decline to about 1.1 B. . Shanghai Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 16.68 | 50 Day MA 13.7332 | Beta 0.685 |
Shanghai |
Sharpe Ratio = 0.1634
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 603579 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.57 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.42 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Shanghai Rongtai is performing at about 12% 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 Shanghai Rongtai by adding it to a well-diversified portfolio.
Price Book 1.3574 | Enterprise Value Ebitda 11.7973 | Price Sales 1.5705 | Shares Float 90.1 M | Wall Street Target Price 15.6 |
Shanghai Rongtai Valuation on November 27, 2024
It is possible to determine the worth of Shanghai Rongtai on a given historical date. On November 27, 2024 Shanghai was worth 14.28 at the beginning of the trading date compared to the closed value of 14.38. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shanghai Rongtai stock. Still, in general, we apply an absolute valuation method to find Shanghai Rongtai'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 Shanghai Rongtai where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shanghai Rongtai's related companies.
| Open | High | Low | Close | Volume | |
| 14.47 | 14.50 | 14.20 | 14.30 | 1,628,700 | |
11/27/2024 | 14.28 | 14.40 | 13.82 | 14.38 | 2,575,183 |
| 14.30 | 15.09 | 14.30 | 14.64 | 3,949,699 |
| Backtest Shanghai Rongtai | | | Shanghai Rongtai History | | | Shanghai Rongtai Valuation | Previous | Next |
Shanghai Rongtai Trading Date Momentum on November 27, 2024
| On November 28 2024 Shanghai Rongtai Health was traded for 14.64 at the closing time. The highest price during the trading period was 15.09 and the lowest recorded bid was listed for 14.30 . The volume for the day was 3.9 M. This history from November 28, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 1.81% . The trading price change to the current price is 1.39% . |
Shanghai Rongtai Health Fundamentals Correlations and Trends
By evaluating Shanghai Rongtai'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 Shanghai Rongtai's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shanghai financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shanghai Rongtai Stock history
Shanghai Rongtai 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 Shanghai is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shanghai Rongtai Health 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 Shanghai Rongtai stock prices may prove useful in developing a viable investing in Shanghai Rongtai
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 180.7 M | 160.4 M | |
| Net Income Applicable To Common Shares | 147.8 M | 178.4 M |
Shanghai Rongtai Quarterly Net Working Capital |
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Shanghai Rongtai Stock Technical Analysis
Shanghai Rongtai 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
Shanghai Rongtai Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Shanghai Rongtai Health 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.
Shanghai Rongtai December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Shanghai Rongtai stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shanghai Rongtai shares will generate the highest return on investment. By undertsting and applying Shanghai Rongtai stock market strength indicators, traders can identify Shanghai Rongtai Health entry and exit signals to maximize returns
Shanghai Rongtai Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shanghai Rongtai's price direction in advance. Along with the technical and fundamental analysis of Shanghai Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shanghai 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 | 0.0893 | |||
| Jensen Alpha | 0.261 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0489 | |||
| Treynor Ratio | 7.4 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Shanghai Stock analysis
When running Shanghai Rongtai's price analysis, check to measure Shanghai Rongtai'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 Shanghai Rongtai is operating at the current time. Most of Shanghai Rongtai's value examination focuses on studying past and present price action to predict the probability of Shanghai Rongtai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shanghai Rongtai's price. Additionally, you may evaluate how the addition of Shanghai Rongtai to your portfolios can decrease your overall portfolio volatility.
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