Tencent Music Entertainment Stock Price on December 5, 2024

TME Stock  USD 11.89  0.14  1.19%   
Below is the normalized historical share price chart for Tencent Music Entertainment extending back to December 12, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Tencent Music stands at 11.89, as last reported on the 24th of December, with the highest price reaching 11.89 and the lowest price hitting 11.75 during the day.
IPO Date
12th of December 2018
200 Day MA
12.4085
50 Day MA
11.7036
Beta
0.659
 
Covid
If you're considering investing in Tencent Stock, it is important to understand the factors that can impact its price. At this point, Tencent Music is somewhat reliable. Tencent Music Entert owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0416, which indicates the firm had a 0.0416% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tencent Music Entertainment, which you can use to evaluate the volatility of the company. Please validate Tencent Music's Coefficient Of Variation of 1123.48, risk adjusted performance of 0.0784, and Semi Deviation of 2.62 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%.
  
Tencent Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0416

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Estimated Market Risk

 3.12
  actual daily
27
73% of assets are more volatile

Expected Return

 0.13
  actual daily
2
98% of assets have higher returns

Risk-Adjusted Return

 0.04
  actual daily
3
97% of assets perform better
Based on monthly moving average Tencent Music is performing at about 3% 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 Music by adding it to a well-diversified portfolio.
Price Book
2.3174
Enterprise Value Ebitda
16.0756
Price Sales
0.734
Shares Float
1.1 B
Wall Street Target Price
14.4718

Tencent Music Valuation on December 5, 2024

It is possible to determine the worth of Tencent Music on a given historical date. On December 5, 2024 Tencent was worth 12.2 at the beginning of the trading date compared to the closed value of 12.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tencent Music stock. Still, in general, we apply an absolute valuation method to find Tencent Music'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 Tencent Music where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tencent Music's related companies.
 Open High Low Close Volume
  12.20    12.37    12.00    12.19    6,265,875  
12/05/2024
  12.20    12.34    12.15    12.23    4,078,719  
  12.46    12.63    12.36    12.55    4,449,457  
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Open Value
12.2
12.23
Closing Value
21.55
Upside

Tencent Music Trading Date Momentum on December 5, 2024

On December 06 2024 Tencent Music Entertainment was traded for  12.55  at the closing time. Highest Tencent Music's price during the trading hours was 12.63  and the lowest price during the day was  12.36 . The net volume was 4.4 M. The overall trading history on the 6th of December contributed to the next trading period price growth. The trading price change to the next next day price was 2.62% . The trading price change to current price is 4.25% .

Tencent Music Entert Fundamentals Correlations and Trends

By evaluating Tencent Music'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 Tencent Music's 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 Music Stock history

Tencent Music 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 Music Entert 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 Music stock prices may prove useful in developing a viable investing in Tencent Music
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the Peoples Republic of China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited. Tencent Music operates under Internet Content Information classification in the United States and is traded on New York Stock Exchange. It employs 5966 people.

Tencent Music Quarterly Net Working Capital

17.61 Billion

Tencent Music Stock Technical Analysis

Tencent Music 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.
A focus of Tencent Music technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tencent Music trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Tencent Music Period Price Range

Low
December 24, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Tencent Music Entertainment cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Tencent Music December 24, 2024 Market Strength

Market strength indicators help investors to evaluate how Tencent Music 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 Music shares will generate the highest return on investment. By undertsting and applying Tencent Music stock market strength indicators, traders can identify Tencent Music Entertainment entry and exit signals to maximize returns

Tencent Music Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Tencent Music's 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.

Complementary Tools for Tencent Stock analysis

When running Tencent Music's price analysis, check to measure Tencent Music'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 Tencent Music is operating at the current time. Most of Tencent Music's value examination focuses on studying past and present price action to predict the probability of Tencent Music's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tencent Music's price. Additionally, you may evaluate how the addition of Tencent Music to your portfolios can decrease your overall portfolio volatility.
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