SHG
Shinhan Financial Group Co. Ltd. Financial Services - Banking Investor Relations →
Shinhan Financial Group Co. Ltd. (SHG) closed at $65.16 as of 2026-02-02, trading 97.3% above its 200-week moving average of $33.02. The stock moved further from the line this week, up from 77.7% last week. With a 14-week RSI of 83, SHG is in overbought territory.
Over the past 1120 weeks of data, SHG has crossed below its 200-week moving average 21 times. On average, these episodes lasted 26 weeks. The average one-year return after crossing below was -2.8%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $31.1 billion, SHG is a large-cap stock. Return on equity stands at 8.3%. The stock trades at 0.9x book value.
Over the past 21.6 years, a hypothetical investment of $100 in SHG would have grown to $455, compared to $927 for the S&P 500. SHG has returned 7.3% annualized vs 10.9% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 5.1% compound annual rate, with 1 consecutive year of positive cash generation.
Growth of $100: SHG vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After SHG Crosses Below the Line?
Across 21 historical episodes, buying SHG when it crossed below its 200-week moving average produced an average return of +0.1% after 12 months (median -3.0%), compared to +10.4% for the S&P 500 over the same periods. 38% of those episodes were profitable after one year. After 24 months, the average return was +9.4% vs +29.7% for the index.
Each line shows $100 invested at the moment SHG crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
SHG has crossed below its 200-week MA 21 times with an average 1-year return of +-2.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 2008 | Jul 2008 | 1 | 3.8% | -28.5% | +91.2% |
| Sep 2008 | Apr 2010 | 84 | 70.6% | -11.6% | +92.3% |
| Apr 2010 | Dec 2010 | 32 | 17.7% | +14.0% | +84.1% |
| Sep 2011 | Oct 2011 | 7 | 19.7% | -13.6% | +109.6% |
| Nov 2011 | Jan 2012 | 10 | 13.0% | -9.9% | +117.2% |
| Apr 2012 | Jan 2013 | 39 | 13.6% | -8.7% | +117.0% |
| Feb 2013 | Feb 2013 | 2 | 2.8% | +12.7% | +114.2% |
| Mar 2013 | Sep 2013 | 25 | 17.8% | +12.3% | +118.0% |
| Dec 2014 | Jan 2015 | 1 | 0.3% | -15.1% | +98.1% |
| Feb 2015 | Apr 2015 | 10 | 7.2% | -17.0% | +100.3% |
| May 2015 | Dec 2016 | 80 | 22.0% | -9.2% | +110.6% |
| Dec 2016 | Jan 2017 | 3 | 3.1% | +23.3% | +108.2% |
| Jun 2018 | Sep 2018 | 14 | 5.8% | -4.5% | +97.3% |
| Oct 2018 | Apr 2019 | 25 | 11.1% | -7.4% | +104.0% |
| Apr 2019 | May 2021 | 106 | 53.3% | -41.3% | +107.0% |
| Jul 2021 | Feb 2022 | 31 | 12.2% | -16.2% | +131.6% |
| Feb 2022 | May 2022 | 10 | 10.8% | -6.5% | +136.7% |
| May 2022 | May 2022 | 1 | 0.7% | -13.7% | +139.2% |
| Jun 2022 | Jan 2023 | 30 | 26.8% | -8.5% | +141.4% |
| Feb 2023 | Sep 2023 | 29 | 13.3% | +16.5% | +153.1% |
| Sep 2023 | Nov 2023 | 7 | 7.2% | +74.7% | +172.0% |
| Average | 26 | — | +-2.8% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02