China Gas Holdings Stock Price on November 28, 2023
| CGHLY Stock | USD 22.62 0.40 1.80% |
If you're considering investing in China Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of China Gas stands at 22.62, as last reported on the 30th of April, with the highest price reaching 22.62 and the lowest price hitting 22.62 during the day. China Gas Holdings secures Sharpe Ratio (or Efficiency) of -0.0113, which signifies that the company had a -0.0113% return per unit of risk over the last 3 months. China Gas Holdings exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Gas' Standard Deviation of 2.26, risk adjusted performance of 0.005, and Mean Deviation of 1.03 to double-check the risk estimate we provide.
China Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
China |
Sharpe Ratio = -0.0113
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| Negative Returns | CGHLY |
Estimated Market Risk
| 2.32 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average China Gas 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 China Gas by adding China Gas to a well-diversified portfolio.
China Gas Valuation on November 28, 2023
It is possible to determine the worth of China Gas on a given historical date. On November 28, 2023 China was worth 22.51 at the beginning of the trading date compared to the closed value of 22.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of China Gas pink sheet. Still, in general, we apply an absolute valuation method to find China Gas' 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 China Gas where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against China Gas' related companies.
| Open | High | Low | Close | Volume | |
| 24.00 | 24.00 | 23.54 | 23.54 | 3,098 | |
11/28/2023 | 22.51 | 22.51 | 22.07 | 22.07 | 55.00 |
| 23.06 | 23.06 | 22.62 | 22.62 | 39.00 |
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China Gas Trading Date Momentum on November 28, 2023
| On November 29 2023 China Gas Holdings was traded for 22.62 at the closing time. The highest daily price throughout the period was 23.06 and the lowest price was 22.62 . The daily volume was 39.0. The net trading volume on 11/29/2023 added to the next day price jump. The overall trading delta to closing price of the next trading day was 2.49% . The overall trading delta to current closing price is 2.85% . |
China Gas Holdings Fundamentals Correlations and Trends
By evaluating China Gas' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among China Gas' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. China financial account trend analysis is a perfect complement when working with valuation or volatility modules.About China Gas Pink Sheet history
China Gas 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 China is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in China Gas 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 China Gas stock prices may prove useful in developing a viable investing in China Gas
China Gas Holdings Limited operates as a gas operator and service provider in the Peoples Republic of China. The company was incorporated in 1995 and is headquartered in Wan Chai, Hong Kong. CHINA GAS is traded on OTC Exchange in the United States.
China Gas Pink Sheet Technical Analysis
China Gas technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
China Gas Period Price Range
Low | November 28, 2023
| High |
22.51 | 22.07 |
China Gas April 30, 2024 Market Strength
Market strength indicators help investors to evaluate how China Gas pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading China Gas shares will generate the highest return on investment. By undertsting and applying China Gas pink sheet market strength indicators, traders can identify China Gas Holdings entry and exit signals to maximize returns
China Gas Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for China Gas' price direction in advance. Along with the technical and fundamental analysis of China Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of China 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 | 0.005 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.02) |
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Gas Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for China Pink Sheet analysis
When running China Gas' price analysis, check to measure China Gas' 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 China Gas is operating at the current time. Most of China Gas' value examination focuses on studying past and present price action to predict the probability of China Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Gas' price. Additionally, you may evaluate how the addition of China Gas to your portfolios can decrease your overall portfolio volatility.
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