Shinhan Financial Group Stock Technical Analysis
| SHG Stock | USD 38.58 1.68 4.17% |
As of the 1st of December, Shinhan Financial has the Coefficient Of Variation of (1,582), variance of 5.26, and Risk Adjusted Performance of (0.04). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Shinhan Financial, as well as the relationship between them. Please validate Shinhan Financial variance and value at risk to decide if Shinhan Financial is priced more or less accurately, providing market reflects its prevalent price of 38.58 per share. Given that Shinhan Financial has information ratio of (0.12), we advise you to double-check Shinhan Financial Group's current market performance to make sure the company can sustain itself at a future point.
Shinhan Financial Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Shinhan, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ShinhanShinhan |
Shinhan Financial Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 31.54 | Strong Buy | 1 | Odds |
Most Shinhan analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Shinhan stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Shinhan Financial, talking to its executives and customers, or listening to Shinhan conference calls.
Shinhan Financial 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.
Shinhan Financial Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Shinhan Financial volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Shinhan Financial Trend Analysis
Use this graph to draw trend lines for Shinhan Financial Group. You can use it to identify possible trend reversals for Shinhan Financial as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Shinhan Financial price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Shinhan Financial Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Shinhan Financial Group applied against its price change over selected period. The best fit line has a slop of 0.06 , which may imply that the returns on investment in Shinhan Financial Group will continue to fail. It has 122 observation points and a regression sum of squares at 158.36, which is the sum of squared deviations for the predicted Shinhan Financial price change compared to its average price change.About Shinhan Financial Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Shinhan Financial Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Shinhan Financial Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Shinhan Financial price pattern first instead of the macroeconomic environment surrounding Shinhan Financial. By analyzing Shinhan Financial's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Shinhan Financial's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Shinhan Financial specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.062 | 0.0847 | 0.0715 | 0.0751 | Price To Sales Ratio | 0.9 | 0.81 | 1.44 | 1.93 |
Shinhan Financial December 1, 2024 Technical Indicators
Most technical analysis of Shinhan help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Shinhan from various momentum indicators to cycle indicators. When you analyze Shinhan charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.17) | |||
| Mean Deviation | 1.62 | |||
| Coefficient Of Variation | (1,582) | |||
| Standard Deviation | 2.29 | |||
| Variance | 5.26 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.18) | |||
| Maximum Drawdown | 13.76 | |||
| Value At Risk | (3.84) | |||
| Potential Upside | 3.28 | |||
| Skewness | 1.0 | |||
| Kurtosis | 4.68 |
Complementary Tools for Shinhan Stock analysis
When running Shinhan Financial's price analysis, check to measure Shinhan Financial'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 Shinhan Financial is operating at the current time. Most of Shinhan Financial's value examination focuses on studying past and present price action to predict the probability of Shinhan Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shinhan Financial's price. Additionally, you may evaluate how the addition of Shinhan Financial to your portfolios can decrease your overall portfolio volatility.
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