China Eastern Airlines Stock Price on February 12, 2024
| CHEAF Stock | USD 0.26 0.02 8.33% |
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 Eastern stands at 0.26, as last reported on the 4th of May, with the highest price reaching 0.26 and the lowest price hitting 0.26 during the day. China Eastern appears to be out of control, given 3 months investment horizon. China Eastern Airlines 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 twenty-one technical indicators for China Eastern Airlines, which you can use to evaluate the volatility of the firm. Please makes use of China Eastern's Standard Deviation of 2.12, risk adjusted performance of 0.0497, and Mean Deviation of 0.8529 to double-check if our risk estimates are consistent with your expectations.
China Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
China |
Sharpe Ratio = 0.1022
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.08 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average China Eastern is performing at about 7% 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 Eastern by adding it to a well-diversified portfolio.
China Eastern Valuation on February 12, 2024
It is possible to determine the worth of China Eastern on a given historical date. On February 12, 2024 China was worth 0.26 at the beginning of the trading date compared to the closed value of 0.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of China Eastern pink sheet. Still, in general, we apply an absolute valuation method to find China Eastern's 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 Eastern where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against China Eastern's related companies.
| Open | High | Low | Close | Volume | |
| 0.26 | 0.26 | 0.26 | 0.26 | 10,000 | |
02/12/2024 | 0.26 | 0.26 | 0.26 | 0.26 | 1.00 |
| 0.26 | 0.26 | 0.26 | 0.26 | 1.00 |
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China Eastern Trading Date Momentum on February 12, 2024
| On February 13 2024 China Eastern Airlines was traded for 0.26 at the closing time. The highest daily price throughout the period was 0.26 and the lowest price was 0.26 . There was no trading activity during the period 1.0. Lack of trading volume on 02/13/2024 did not affect price variability. The overall trading delta to current closing price is 0.00% . |
China Eastern Airlines Fundamentals Correlations and Trends
By evaluating China Eastern's 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 Eastern's 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 Eastern Pink Sheet history
China Eastern 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 Eastern Airlines 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 Eastern stock prices may prove useful in developing a viable investing in China Eastern
China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the Peoples Republic of China, Hong Kong, Macau, Taiwan, and internationally. China Eastern Airlines Corporation Limited was founded in 1988 and is headquartered in Shanghai, the Peoples Republic of China. China Eastern operates under Airlines classification in the United States and is traded on OTC Exchange. It employs 80321 people.
China Eastern Pink Sheet Technical Analysis
China Eastern 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 Eastern Period Price Range
Low | February 12, 2024
| High |
0.26 | 0.26 |
China Eastern May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how China Eastern 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 Eastern shares will generate the highest return on investment. By undertsting and applying China Eastern pink sheet market strength indicators, traders can identify China Eastern Airlines entry and exit signals to maximize returns
China Eastern Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for China Eastern's 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 | 0.0497 | |||
| Jensen Alpha | 0.1114 | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | 0.4246 |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Eastern Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the China Eastern Airlines information on this page should be used as a complementary analysis to other China Eastern's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for China Pink Sheet analysis
When running China Eastern's price analysis, check to measure China Eastern'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 China Eastern is operating at the current time. Most of China Eastern's value examination focuses on studying past and present price action to predict the probability of China Eastern's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Eastern's price. Additionally, you may evaluate how the addition of China Eastern to your portfolios can decrease your overall portfolio volatility.
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