The Importance And The Opportunity:: Tencent Music Entertainment Group, (NYSE: TME)


On 13-05-2019 (Monday) , The Tencent Music Entertainment Group, (NYSE: TME) belongs to the sector of Technology of the China.

Each buying and selling session display one-of-a-kind actions and patterns about Tencent Music Entertainment Group (TME), Internet Information Providers stock. Presently we watched the different factors that seen on close of last session. Toward the day’s end, it’s only a stock’s show that issues.

An eye on market trading price of Tencent Music Entertainment Group:

Technology based Tencent Music Entertainment Group, TME company closed its business at $16, by making a variation of -3.56% and showed a change of 101% from opening.

Things of Trading Interests:

Volume & Volatiity Indicators:

  1. Volume of the Tencent Music Entertainment Group exchanged hands with 6930554 shares compared to its average daily volume of 5.18M shares. Total volume is the number of shares or deals that point towards the overall activity of a security or market for a given period. Volume is an important indicator in technical analysis as it is used to measure the relative worth of a market move. If the markets make a firm price movement, then the strength of that movement depends on the volume for that period. The higher the volume during the price move, the more significant the progress.
  2. Volatility is a statistical measure of the dispersion of returns for a given security or market index. In most cases, the higher the volatility, the riskier the security. Volatility can either be measured by using the standard deviation or variance between returns from that same security or market index. A beta factor is used to measure the volatility of the stock. The stock of the company Tencent Music Entertainment Group, remained 3.84% volatile for the week and 3.73% for the month.

Target Price & RSI Indicators:

  1. Target Price tells us a stock valuation at which a trader is willing to buy or sell a stock. Target pricing at which a trader projects that a buyer will buy a product. Analyst’s mean target price for the company is $17.94.
  2. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. The present relative strength index (RSI) analysis was 37.11.

Average True Range & Institutional Ownership Indicators:

  1. Average True Range (ATR) is a technical analysis indicator that measures market volatility by de-composing the entire range of an asset price for that period. Specifically, ATR is a measure of volatility introduced by market technician J. Welles Wilder Jr. in his book, “New Concepts in Technical Trading Systems.” ATR stands at 0.68 while a Beta factor of the stock stands at 0 of TME, Internet Information Providers. Beta is a measure of a stock’s volatility in relation to the market. The market has a beta of 1.0 and individual stocks are ranked according to how much they deviate from the market. A stock that swings more than the market over time has a beta above 1.0. A beta coefficient is a measure of the volatility, or systematic risk, of an individual stock in comparison to the unsystematic risk of the entire market. Beta is used in the Capital Asset Pricing Model (CAPM), which calculates the expected return of an asset using beta and expected market returns.
  2. Institutional Ownership is held at 31% while insider ownership was 0% of TME. Institutional ownership alludes to the ownership stake in a company that is held by extensive money related associations, pension funds or endowments. Specialists experienced mean rating at 2.4 following agreement investigation. (Rating Scale: 1.00 Strong Buy, 2.00 Buy, 3.00 Hold, 4.00 Sell, 5.00 Strong Sell).

Earnings-per-Share (EPS):

Earnings-per-Share (EPS) is the portion of a Tencent Music Entertainment Group’s profit that is allocated to each outstanding share of its common stock. It is calculated by taking the difference between a company’s net income and dividends paid for preferred stock and then dividing that figure by the average number of shares outstanding.

The EPS of TME is strolling at 0.16, measuring its EPS growth this year at 38.2%. As a result, the company has an EPS growth of 112.17% for the approaching year. Given the importance of identifying companies that will ensure earnings per share at a tall rate, we later obsession to umpire how to identify which companies will achieve high amassing rates. One obvious showing off to identify high earnings per portion count together companies are to locate companies that have demonstrated such build up beyond the p.s. 5 to 10 years.

We can’t have enough maintenance the once will always reflect the difficult, but logically stocks that have grown earnings per allowance strongly in the subsequent to are a fine bet to continue to take effect as a result. The stated figure of TME displays a quarterly performance of 6.45%, bringing six-month performance to 0% and year to date performance of 21.03%.As of now, Tencent Music Entertainment Group has a P/S, P/E and P/B values of 9.42, 97.56 and 4.73 respectively. Its P/Cash is valued at 10.25.


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