IRICO NEWENERGY (Hong Kong) Profile

0.63
HKD 0.01  1.56%

IRICO NEWENERGY Market Sensitivity

As returns on market increase, returns on owning IRICO NEWENERGY are expected to decrease at a much smaller rate. During bear market, IRICO NEWENERGY is likely to outperform the market.
One Month Beta |Analyze IRICO NEWENERGY Demand Trend
Check current 30 days IRICO NEWENERGY correlation with market (NYSE)
β = -0.1787
IRICO NEWENERGY Almost negative betaIRICO NEWENERGY Beta Legend

IRICO NEWENERGY Risk Profiles

Key Fundamentals

IRICO NEWENERGY Against Markets

IRICO NEWENERGY Leadership

Mengquan Guo Executive Chairman of the Board
Kui Tao Executive Vice Chairman of the Board
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IRICO NEWENERGY Diversification Suggestion

Use IRICO NEWENERGY to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of IRICO NEWENERGY to be traded at 0.6111 in 30 days

IRICO NEWENERGY Daily Price Distribution

The median price of IRICO NEWENERGY for the period between Wed, Aug 31, 2016 and Fri, Sep 30, 2016 is 0.64 with a coefficient of variation of 1.93. The daily time series for the period is distributed with a sample standard deviation of 0.01, arithmetic mean of 0.63, and mean deviation of 0.01. The Stock did not receive any noticable media coverage during the period.

IRICO NEWENERGY Summary

IRICO NEWENERGY (0438) is traded on Hong Kong Stock Exchange in Hong Kong. It is located in Xianyang, and employs 1,726 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 1.47 B. IRICO NEWENERGY has 630.88 M outstanding shares. IRICO has accumulated about 50.99 M in cash with 16.35 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Current Ratings
IRICO NEWENERGY 30 Performance Scores
Past Market
Performance (0 to 100)
Chance of
IRICO Group New Energy Company Limited together with its subsidiaries engages in the manufacturing and trading of luminous materials liquid crystal related products solar photovoltaic glass products and other solutions in the Peoples Republic of China Hong Kong and internationally. more
NameIRICO NEWENERGY
InstrumentHong Kong Stock
Business AddressXianyang,
ExchangeHong Kong Stock Exchange
ISINCNE1000003H9
BenchmarkNYSE
Websitehttp://www.irico.com.cn
Contact Number86 29 3333 2617
Macroaxis Advice
CurrencyHKD
Current Sentiment - 0438
IRICO NEWENERGY Investor Sentiment
Most of Macroaxis users are presently bullish on IRICO NEWENERGY. What is your judgment towards investing in IRICO NEWENERGY? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
IRICO NEWENERGYSkip  Hide
Directors
IRICO NEWENERGY Corporate Directors
Weichuan Zhang Non-Executive Director
YunChong Si Non-Executive Director
Xinzhong Xu Independent Non-Executive Director, MBA
IRICO NEWENERGY Alerts
Equity Alerts and Improvement Suggestions
IRICO NEWENERGY has some characteristics of a very speculative penny stock
The company has accumulated 254.69 M in total debt. IRICO NEWENERGY has Current Ratio of 0.47 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
This company reported revenue of 223.54 M. Net Loss for the year was (86.92 M) with profit before overhead, payroll, taxes, and interest of 29 M.
Opportunities
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Pair Trading
IRICO NEWENERGY Pair Trading Analysis
Correlation analysis and pair trading evaluation for IRICO NEWENERGY and China Mobile. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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