Tencent Holdings (Germany) Price on February 21, 2024
| NNN1 Stock | EUR 43.60 0.60 1.40% |
If you're considering investing in Tencent Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tencent Holdings stands at 43.60, as last reported on the 5th of May, with the highest price reaching 43.80 and the lowest price hitting 43.00 during the day. Tencent Holdings appears to be very steady, given 3 months investment horizon. Tencent Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tencent Holdings Ltd, which you can use to evaluate the volatility of the company. Please review Tencent Holdings' Semi Deviation of 1.8, risk adjusted performance of 0.129, and Coefficient Of Variation of 520.23 to confirm if our risk estimates are consistent with your expectations.
Tencent Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tencent |
Sharpe Ratio = 0.1807
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Estimated Market Risk
| 2.7 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.49 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Tencent Holdings is performing at about 14% 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 Tencent Holdings by adding it to a well-diversified portfolio.
Tencent Holdings Valuation on February 21, 2024
It is possible to determine the worth of Tencent Holdings on a given historical date. On February 21, 2024 Tencent was worth 33.8 at the beginning of the trading date compared to the closed value of 34.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tencent Holdings stock. Still, in general, we apply an absolute valuation method to find Tencent Holdings' 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 Tencent Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tencent Holdings' related companies.
| Open | High | Low | Close | Volume | |
| 33.20 | 33.60 | 33.20 | 33.40 | 40.00 | |
02/21/2024 | 33.80 | 34.40 | 33.80 | 34.40 | 756.00 |
| 33.80 | 34.40 | 33.60 | 33.60 | 490.00 |
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Tencent Holdings Trading Date Momentum on February 21, 2024
| On February 22 2024 Tencent Holdings Ltd was traded for 33.60 at the closing time. The maximum traded price for the trading interval was 34.40 and the lowest daily price was 33.60 . The daily volume was recorded at 490. The volume of trading on 22nd of February 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 2.33% . The trading price change to the closing price today is 6.98% . |
Tencent Holdings Fundamentals Correlations and Trends
By evaluating Tencent Holdings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tencent Holdings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tencent financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tencent Holdings Stock history
Tencent Holdings 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 Tencent is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tencent Holdings 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 Tencent Holdings stock prices may prove useful in developing a viable investing in Tencent Holdings
Tencent Holdings Limited, an investment holding company, provides Internet value-added services and online advertising services in Mainland China, Hong Kong, North America, Europe, other Asian countries, and internationally. The company was founded in 1998 and is headquartered in Shenzhen, the Peoples Republic of China. TENCENT HDGS operates under Internet Content Information classification in Germany and is traded on Frankfurt Stock Exchange. It employs 54623 people.
Tencent Holdings Stock Technical Analysis
Tencent Holdings 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
Tencent Holdings Period Price Range
Low | February 21, 2024
| High |
33.80 | 34.40 |
Tencent Holdings May 5, 2024 Market Strength
Market strength indicators help investors to evaluate how Tencent Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tencent Holdings shares will generate the highest return on investment. By undertsting and applying Tencent Holdings stock market strength indicators, traders can identify Tencent Holdings Ltd entry and exit signals to maximize returns
Tencent Holdings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tencent Holdings' price direction in advance. Along with the technical and fundamental analysis of Tencent Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tencent 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 | 0.129 | |||
| Jensen Alpha | 0.5378 | |||
| Total Risk Alpha | 0.21 | |||
| Sortino Ratio | 0.1907 | |||
| Treynor Ratio | (1.04) |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Tencent Holdings Ltd. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Tencent Stock analysis
When running Tencent Holdings' price analysis, check to measure Tencent Holdings' 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 Tencent Holdings is operating at the current time. Most of Tencent Holdings' value examination focuses on studying past and present price action to predict the probability of Tencent Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tencent Holdings' price. Additionally, you may evaluate how the addition of Tencent Holdings to your portfolios can decrease your overall portfolio volatility.
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