Danang Rubber (Vietnam) Price on May 21, 2024
| DRC Stock | 29,000 100.00 0.34% |
If you're considering investing in Danang Stock, it is important to understand the factors that can impact its price. As of today, the current price of Danang Rubber stands at 29,000, as last reported on the 15th of December 2024, with the highest price reaching 29,400 and the lowest price hitting 28,700 during the day. Danang Rubber JSC secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Danang Rubber JSC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danang Rubber's Mean Deviation of 0.8679, variance of 1.58, and Standard Deviation of 1.26 to check the risk estimate we provide.
Danang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Danang |
Sharpe Ratio = -0.1136
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Estimated Market Risk
| 1.24 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Danang Rubber is not performing at its full potential. However, 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 Danang Rubber by adding Danang Rubber to a well-diversified portfolio.
Danang Rubber Valuation on May 21, 2024
It is possible to determine the worth of Danang Rubber on a given historical date. On May 21, 2024 Danang was worth 33500.0 at the beginning of the trading date compared to the closed value of 34100.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Danang Rubber stock. Still, in general, we apply an absolute valuation method to find Danang Rubber'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 Danang Rubber where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Danang Rubber's related companies.
| Open | High | Low | Close | Volume | |
| 34,000 | 34,000 | 33,000 | 33,500 | 1,050,000 | |
05/21/2024 | 33,500 | 34,100 | 33,100 | 34,100 | 1,760,000 |
| 34,800 | 35,000 | 33,400 | 33,650 | 2,280,000 |
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Danang Rubber Trading Date Momentum on May 21, 2024
| On May 22 2024 Danang Rubber JSC was traded for 33,650 at the closing time. The maximum traded price for the trading interval was 35,000 and the lowest daily price was 33,400 . The daily volume was recorded at 2.3 M. The volume of trading on 22nd of May 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.32% . The overall trading delta to the closing price today is 1.47% . |
About Danang Rubber Stock history
Danang Rubber 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 Danang is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Danang Rubber JSC 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 Danang Rubber stock prices may prove useful in developing a viable investing in Danang Rubber
Danang Rubber Stock Technical Analysis
Danang Rubber 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
Danang Rubber Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Danang Rubber JSC cannot be verified against its exchange. Please verify the symbol is currently traded on Vietnam Stocks. 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.
Danang Rubber December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Danang Rubber stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Danang Rubber shares will generate the highest return on investment. By undertsting and applying Danang Rubber stock market strength indicators, traders can identify Danang Rubber JSC entry and exit signals to maximize returns
Danang Rubber Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Danang Rubber's price direction in advance. Along with the technical and fundamental analysis of Danang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Danang 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 | (0.09) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (1.62) |
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Other Information on Investing in Danang Stock
Danang Rubber financial ratios help investors to determine whether Danang Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Danang with respect to the benefits of owning Danang Rubber security.