CHN Stock Summary and Trading Ideas (China | NYSE:CHN)

The Fund’s investment objective is long-term capital appreciation which it seeks to achieve by investing primarily in equity securities (i) of companies for which the principal securities trading market is the People’s Republic of China (“China”), (ii) of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China and (iii) constituting direct equity investments in companies organized in China.

China trades on the NYSE stock market under the symbol CHN.

As of April 19, 2024, CHN stock price declined to $9.71 with 27,205 million shares trading.

CHN has a beta of 0.94, meaning it tends to be less sensitive to market movements. CHN has a correlation of 0.22 to the broad based SPY ETF.

CHN has a market cap of $96.86 million. This is considered a Micro Cap stock.

In the last 3 years, CHN stock traded as high as $31.05 and as low as $9.00.

CHN has underperformed the market in the last year with a price return of -21.2% while the SPY ETF gained +21.2%. However, in the short term, CHN had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.9% vs +4.3% return in SPY. But in the last 2 weeks, CHN shares have been beat by the market, returning -4.2% compared to an SPY return of -3.5%.

CHN support price is $9.72 and resistance is $9.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHN stock will trade within this expected range on the day.