Milkyway Chemical (China) Price on May 6, 2024
| 603713 Stock | 53.77 1.41 2.56% |
Below is the normalized historical share price chart for Milkyway Chemical Supply extending back to July 13, 2018. 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 Milkyway Chemical stands at 53.77, as last reported on the 15th of December 2024, with the highest price reaching 55.03 and the lowest price hitting 53.72 during the day.
If you're considering investing in Milkyway Stock, it is important to understand the factors that can impact its price. Milkyway Chemical appears to be very steady, given 3 months investment horizon. Milkyway Chemical Supply has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Milkyway Chemical, which you can use to evaluate the volatility of the firm. Please exercise Milkyway Chemical's Mean Deviation of 2.2, downside deviation of 2.99, and Risk Adjusted Performance of 0.0808 to check out if our risk estimates are consistent with your expectations.
At present, Milkyway Chemical's Other 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 167.7 M, whereas Total Stockholder Equity is forecasted to decline to about 2.1 B. . Milkyway Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 53.8683 | 50 Day MA 57.1304 | Beta 0.749 |
Milkyway |
Sharpe Ratio = 0.1488
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 603713 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.24 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.48 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Milkyway Chemical is performing at about 11% 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 Milkyway Chemical by adding it to a well-diversified portfolio.
Price Book 1.9971 | Enterprise Value Ebitda 13.6734 | Price Sales 0.745 | Shares Float 85.4 M | Wall Street Target Price 75.93 |
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Milkyway Chemical Valuation on May 6, 2024
It is possible to determine the worth of Milkyway Chemical on a given historical date. On May 6, 2024 Milkyway was worth 55.52 at the beginning of the trading date compared to the closed value of 58.42. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Milkyway Chemical stock. Still, in general, we apply an absolute valuation method to find Milkyway Chemical'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 Milkyway Chemical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Milkyway Chemical's related companies.
| Open | High | Low | Close | Volume | |
| 54.22 | 55.33 | 54.02 | 54.80 | 2,146,500 | |
05/06/2024 | 55.52 | 60.06 | 55.34 | 58.42 | 3,901,271 |
| 58.60 | 60.80 | 58.60 | 60.18 | 3,259,639 |
| Backtest Milkyway Chemical | | | Milkyway Chemical History | | | Milkyway Chemical Valuation | Previous | Next |
Milkyway Chemical Trading Date Momentum on May 6, 2024
| On May 07 2024 Milkyway Chemical Supply was traded for 60.18 at the closing time. The highest price during the trading period was 60.80 and the lowest recorded bid was listed for 58.60 . The volume for the day was 3.3 M. This history from May 7, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 3.01% . The trading delta at closing time to the current price is 17.77% . |
Milkyway Chemical Supply Fundamentals Correlations and Trends
By evaluating Milkyway Chemical'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 Milkyway Chemical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Milkyway financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Milkyway Chemical Stock history
Milkyway Chemical 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 Milkyway is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Milkyway Chemical Supply 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 Milkyway Chemical stock prices may prove useful in developing a viable investing in Milkyway Chemical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 164.3 M | 167.7 M | |
| Net Income Applicable To Common Shares | 696.2 M | 731 M |
Milkyway Chemical Quarterly Net Working Capital |
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Milkyway Chemical Stock Technical Analysis
Milkyway Chemical 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
Milkyway Chemical Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Milkyway Chemical Supply 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.
Milkyway Chemical December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Milkyway Chemical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Milkyway Chemical shares will generate the highest return on investment. By undertsting and applying Milkyway Chemical stock market strength indicators, traders can identify Milkyway Chemical Supply entry and exit signals to maximize returns
Milkyway Chemical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Milkyway Chemical's price direction in advance. Along with the technical and fundamental analysis of Milkyway Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Milkyway 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 | 0.0808 | |||
| Jensen Alpha | 0.3006 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0717 | |||
| Treynor Ratio | 6.51 |
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| Volume Indicators |
Complementary Tools for Milkyway Stock analysis
When running Milkyway Chemical's price analysis, check to measure Milkyway Chemical'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 Milkyway Chemical is operating at the current time. Most of Milkyway Chemical's value examination focuses on studying past and present price action to predict the probability of Milkyway Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Milkyway Chemical's price. Additionally, you may evaluate how the addition of Milkyway Chemical to your portfolios can decrease your overall portfolio volatility.
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