SHG
Shinhan Financial Group Co. Ltd. Financial Services - Banking Investor Relations →
Shinhan Financial Group Co. Ltd. (SHG) closed at $80.14 as of 2026-09-18, trading 99.2% above its 200-week moving average of $40.22. The stock is currently moving closer to the line, down from 110.5% last week. The 14-week RSI sits at 64, indicating neutral momentum.
Trading volume is running at 0.9x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.84 ratio) is neutral — neither side is clearly dominating.
Over the past 1152 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 $37.7 billion, SHG is a large-cap stock. Return on equity stands at 8.9%. The stock trades at 0.9x book value.
The company has been aggressively buying back shares, reducing its share count by 6.2% over the past three years.
Over the past 22.2 years, a hypothetical investment of $100 in SHG would have grown to $560, compared to $1031 for the S&P 500. SHG has returned 8.1% annualized vs 11.1% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 13.3% compound annual rate, with 2 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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 +9.3% 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.
Dislocation Scores Experimental
Each score measures deviation from SHG's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
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% | +135.1% |
| Sep 2008 | Apr 2010 | 84 | 70.6% | -11.6% | +136.5% |
| Apr 2010 | Dec 2010 | 32 | 17.7% | +14.0% | +126.4% |
| Sep 2011 | Oct 2011 | 7 | 19.7% | -13.6% | +157.8% |
| Nov 2011 | Jan 2012 | 10 | 13.1% | -9.9% | +167.2% |
| Apr 2012 | Jan 2013 | 39 | 13.6% | -8.7% | +166.8% |
| Feb 2013 | Feb 2013 | 2 | 2.8% | +12.7% | +163.4% |
| Mar 2013 | Sep 2013 | 25 | 17.8% | +12.3% | +168.1% |
| Dec 2014 | Jan 2015 | 1 | 0.3% | -15.1% | +143.6% |
| Feb 2015 | Apr 2015 | 10 | 7.2% | -17.0% | +146.3% |
| May 2015 | Dec 2016 | 80 | 22.0% | -9.2% | +159.0% |
| Dec 2016 | Jan 2017 | 3 | 3.1% | +23.3% | +156.1% |
| Jun 2018 | Sep 2018 | 14 | 5.8% | -4.5% | +142.6% |
| Oct 2018 | Apr 2019 | 25 | 11.1% | -7.4% | +150.9% |
| Apr 2019 | May 2021 | 106 | 53.3% | -41.3% | +154.6% |
| Jul 2021 | Feb 2022 | 31 | 12.2% | -16.2% | +184.8% |
| Feb 2022 | May 2022 | 10 | 10.8% | -6.5% | +191.1% |
| May 2022 | May 2022 | 1 | 0.7% | -13.7% | +194.2% |
| Jun 2022 | Jan 2023 | 30 | 26.0% | -8.5% | +197.0% |
| Feb 2023 | Sep 2023 | 29 | 13.3% | +18.0% | +211.3% |
| Sep 2023 | Nov 2023 | 7 | 7.3% | +72.1% | +229.6% |
| Average | 26 | — | +-2.8% | — |
Frequently Asked Questions
Is SHG below its 200-week moving average?
No. Shinhan Financial Group Co. Ltd. (SHG) is currently 99.2% above its 200-week moving average of $40.22. It would need to fall to $40.22 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 $40.22 as of 2026-09-18. 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 2026-09-18: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 64. Return on equity is 8.9%. Price-to-book is 0.9x. 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 22.2 years, $100 invested in SHG would have grown to $560, compared to $1031 for the S&P 500. That's 8.1% annualized vs 11.1% 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 249.00%.
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 2026-09-18