China Gas Holdings Stock Price on August 23, 2021
| CGHOF Stock | USD 0.93 0.00 0.00% |
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 0.93, as last reported on the 12th of May 2024, with the highest price reaching 0.93 and the lowest price hitting 0.93 during the day. We consider China Gas unstable. China Gas Holdings secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We have found sixteen technical indicators for China Gas Holdings, which you can use to evaluate the volatility of the firm. Please confirm China Gas' Risk Adjusted Performance of 0.0653, mean deviation of 0.2063, and Standard Deviation of 0.8625 to double-check if the risk estimate we provide is consistent with the expected return of 0.09%.
China Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
China |
Sharpe Ratio = 0.1028
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| Cash | CGHOF | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.88 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average China Gas is performing at about 8% 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 China Gas by adding it to a well-diversified portfolio.
China Gas Valuation on August 23, 2021
It is possible to determine the worth of China Gas on a given historical date. On August 23, 2021 China was worth 1.16 at the beginning of the trading date compared to the closed value of 1.02. 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 | |
05/02/2022 | 1.16 | 1.16 | 1.02 | 1.02 | 10,000 |
| 1.12 | 1.12 | 0.99 | 0.99 | 3,372 |
| Backtest China Gas | | | China Gas History | | | China Gas Valuation | Next |
China Gas Trading Date Momentum on August 23, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.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 | May 2, 2022
| High |
1.16 | 1.02 |
China Gas May 12, 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
| Accumulation Distribution | 1206.9 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.88 | |||
| Day Median Price | 1.09 | |||
| Day Typical Price | 1.07 | |||
| Price Action Indicator | (0.14) | |||
| Period Momentum Indicator | (0.09) |
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 | 0.0653 | |||
| Jensen Alpha | 0.1111 | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.17) |
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| Overlap Studies | ||
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| 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 persons. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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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