SHG
Shinhan Financial Group Co. Ltd. Financial Services - Banking Investor Relations →
Shinhan Financial Group Co. Ltd. (SHG) closed at $61.72 as of 2026-03-20, trading 80.8% above its 200-week moving average of $34.13. The stock moved further from the line this week, up from 73.1% last week. The 14-week RSI sits at 62, indicating neutral momentum.
Trading volume is running at 1.8x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.73 ratio) is neutral — neither side is clearly dominating.
Over the past 1126 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 $30.8 billion, SHG is a large-cap stock. Return on equity stands at 8.5%. The stock trades at 0.8x book value.
Over the past 21.7 years, a hypothetical investment of $100 in SHG would have grown to $431, compared to $873 for the S&P 500. SHG has returned 7.0% annualized vs 10.5% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 5.1% compound annual rate, with 1 consecutive year of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
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% | +81.1% |
| Sep 2008 | Apr 2010 | 84 | 70.6% | -11.6% | +82.1% |
| Apr 2010 | Dec 2010 | 32 | 17.7% | +14.0% | +74.4% |
| Sep 2011 | Oct 2011 | 7 | 19.7% | -13.6% | +98.6% |
| Nov 2011 | Jan 2012 | 10 | 13.0% | -9.9% | +105.8% |
| Apr 2012 | Jan 2013 | 39 | 13.6% | -8.7% | +105.5% |
| Feb 2013 | Feb 2013 | 2 | 2.8% | +12.7% | +102.9% |
| Mar 2013 | Sep 2013 | 25 | 17.8% | +12.3% | +106.5% |
| Dec 2014 | Jan 2015 | 1 | 0.3% | -15.1% | +87.6% |
| Feb 2015 | Apr 2015 | 10 | 7.2% | -17.0% | +89.7% |
| May 2015 | Dec 2016 | 80 | 22.0% | -9.2% | +99.5% |
| Dec 2016 | Jan 2017 | 3 | 3.1% | +23.3% | +97.2% |
| Jun 2018 | Sep 2018 | 14 | 5.8% | -4.5% | +86.8% |
| Oct 2018 | Apr 2019 | 25 | 11.1% | -7.4% | +93.2% |
| Apr 2019 | May 2021 | 106 | 53.3% | -41.3% | +96.1% |
| Jul 2021 | Feb 2022 | 31 | 12.2% | -16.2% | +119.4% |
| Feb 2022 | May 2022 | 10 | 10.8% | -6.5% | +124.2% |
| May 2022 | May 2022 | 1 | 0.7% | -13.7% | +126.6% |
| Jun 2022 | Jan 2023 | 30 | 26.8% | -8.5% | +128.7% |
| Feb 2023 | Sep 2023 | 29 | 13.3% | +16.5% | +139.8% |
| Sep 2023 | Nov 2023 | 7 | 7.2% | +74.7% | +157.7% |
| Average | 26 | — | +-2.8% | — |
Frequently Asked Questions
Is SHG below its 200-week moving average?
No. Shinhan Financial Group Co. Ltd. (SHG) is currently 80.8% above its 200-week moving average of $34.13. It would need to fall to $34.13 to cross below the line.
What is SHG's 200-week moving average price?
Shinhan Financial Group Co. Ltd.'s 200-week moving average is $34.13 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when SHG drops below its 200-week moving average?
SHG has crossed below its 200-week moving average 21 times in our data. The average one-year return after these crossings was -2.8%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 26 weeks on average.
Is SHG a good value right now?
Here's what our data says about SHG as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 62. Return on equity is 8.5%. Price-to-book is 0.8x. This is not a buy or sell recommendation — always do your own research.
How does SHG compare to the S&P 500?
Over the past 21.7 years, $100 invested in SHG would have grown to $431, compared to $873 for the S&P 500. That's 7.0% annualized vs 10.5% for the index. SHG has underperformed the broader market over this period.
Does SHG pay a dividend?
Yes. Shinhan Financial Group Co. Ltd. currently pays a dividend yield of 257.00%.
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 week of 2026-03-20