Road Environment (China) Price on September 24, 2024
| 688156 Stock | 14.03 0.47 3.47% |
Below is the normalized historical share price chart for Road Environment Technology extending back to September 22, 2020. 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 Road Environment stands at 14.03, as last reported on the 19th of December, with the highest price reaching 14.62 and the lowest price hitting 13.37 during the day.
If you're considering investing in Road Stock, it is important to understand the factors that can impact its price. Road Environment appears to be somewhat reliable, given 3 months investment horizon. Road Environment Tec maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Road Environment's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please evaluate Road Environment's Coefficient Of Variation of 695.18, risk adjusted performance of 0.1221, and Semi Deviation of 2.93 to confirm if our risk estimates are consistent with your expectations.
As of December 19, 2024, Total Stockholder Equity is expected to decline to about 766.8 M. In addition to that, Common Stock Shares Outstanding is expected to decline to about 98 M. Road Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 14.0172 | 50 Day MA 13.2802 | Beta (0.1) |
Road |
Sharpe Ratio = 0.159
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 688156 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.69 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.59 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Road Environment 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 Road Environment by adding it to a well-diversified portfolio.
Price Book 1.5377 | Enterprise Value Ebitda 5 K | Price Sales 4.1377 | Shares Float 70.7 M | Dividend Share 0.05 |
Road Environment Valuation on September 24, 2024
It is possible to determine the worth of Road Environment on a given historical date. On September 24, 2024 Road was worth 10.29 at the beginning of the trading date compared to the closed value of 10.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Road Environment stock. Still, in general, we apply an absolute valuation method to find Road Environment'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 Road Environment where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Road Environment's related companies.
| Open | High | Low | Close | Volume | |
| 10.28 | 10.38 | 10.05 | 10.29 | 654,193 | |
09/24/2024 | 10.29 | 10.65 | 10.27 | 10.60 | 757,638 |
| 10.71 | 10.98 | 10.61 | 10.72 | 1,385,403 |
| Backtest Road Environment | | | Road Environment History | | | Road Environment Valuation | Previous | Next |
Road Environment Trading Date Momentum on September 24, 2024
| On September 25 2024 Road Environment Technology was traded for 10.72 at the closing time. The highest price during the trading period was 10.98 and the lowest recorded bid was listed for 10.61 . The volume for the day was 1.4 M. This history from September 25, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 1.13% . The trading delta at closing time to the current price is 41.70% . |
Road Environment Tec Fundamentals Correlations and Trends
By evaluating Road Environment'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 Road Environment's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Road financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Road Environment Stock history
Road Environment 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 Road is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Road Environment Tec 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 Road Environment stock prices may prove useful in developing a viable investing in Road Environment
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 100.7 M | 98 M |
Road Environment Quarterly Net Working Capital |
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Road Environment Stock Technical Analysis
Road Environment 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
Road Environment Period Price Range
Low | December 19, 2024
| High |
0.00 | 0.00 |
Road Environment Technology 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.
Road Environment December 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Road Environment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Road Environment shares will generate the highest return on investment. By undertsting and applying Road Environment stock market strength indicators, traders can identify Road Environment Technology entry and exit signals to maximize returns
Road Environment Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Road Environment's price direction in advance. Along with the technical and fundamental analysis of Road Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Road 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 | 0.1221 | |||
| Jensen Alpha | 0.4937 | |||
| Total Risk Alpha | 0.4103 | |||
| Sortino Ratio | 0.1336 | |||
| Treynor Ratio | 8.79 |
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Complementary Tools for Road Stock analysis
When running Road Environment's price analysis, check to measure Road Environment'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 Road Environment is operating at the current time. Most of Road Environment's value examination focuses on studying past and present price action to predict the probability of Road Environment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Road Environment's price. Additionally, you may evaluate how the addition of Road Environment to your portfolios can decrease your overall portfolio volatility.
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