Zotye Automobile (China) Price on September 10, 2024
| 000980 Stock | 2.73 0.03 1.11% |
If you're considering investing in Zotye Stock, it is important to understand the factors that can impact its price. As of today, the current price of Zotye Automobile stands at 2.73, as last reported on the 22nd of November, with the highest price reaching 2.85 and the lowest price hitting 2.66 during the day. Zotye Automobile is dangerous given 3 months investment horizon. Zotye Automobile shows Sharpe Ratio of 0.24, which attests that the company had a 0.24% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.17% are justified by taking the suggested risk. Use Zotye Automobile Co Mean Deviation of 3.74, market risk adjusted performance of (3.12), and Downside Deviation of 4.06 to evaluate company specific risk that cannot be diversified away.
Zotye Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Zotye |
Sharpe Ratio = 0.2368
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| Small Returns | 000980 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.93 actual daily | 43 57% of assets are more volatile |
Expected Return
| 1.17 actual daily | 23 77% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Zotye Automobile is performing at about 18% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Zotye Automobile by adding it to a well-diversified portfolio.
Zotye Automobile Valuation on September 10, 2024
It is possible to determine the worth of Zotye Automobile on a given historical date. On September 10, 2024 Zotye was worth 1.52 at the beginning of the trading date compared to the closed value of 1.51. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zotye Automobile stock. Still, in general, we apply an absolute valuation method to find Zotye Automobile's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Zotye Automobile where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zotye Automobile's related companies.
| Open | High | Low | Close | Volume | |
| 1.57 | 1.57 | 1.51 | 1.51 | 153,792,792 | |
09/10/2024 | 1.52 | 1.53 | 1.47 | 1.51 | 93,492,070 |
| 1.50 | 1.50 | 1.47 | 1.49 | 65,975,100 |
| Backtest Zotye Automobile | | | Zotye Automobile History | | | Zotye Automobile Valuation | Previous | Next |
Zotye Automobile Trading Date Momentum on September 10, 2024
| On September 11 2024 Zotye Automobile Co was traded for 1.49 at the closing time. The highest price during the trading period was 1.50 and the lowest recorded bid was listed for 1.47 . The volume for the day was 66 M. This history from September 11, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.32% . The trading date delta to the current price is 1.99% . |
Zotye Automobile Fundamentals Correlations and Trends
By evaluating Zotye Automobile's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Zotye Automobile's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Zotye financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Zotye Automobile Stock history
Zotye Automobile investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Zotye is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Zotye Automobile will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Zotye Automobile stock prices may prove useful in developing a viable investing in Zotye Automobile
Zotye Automobile Stock Technical Analysis
Zotye Automobile technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Zotye Automobile Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Zotye Automobile Co cannot be verified against its exchange. Please verify the symbol is currently traded on Shenzhen Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Zotye Automobile November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Zotye Automobile stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zotye Automobile shares will generate the highest return on investment. By undertsting and applying Zotye Automobile stock market strength indicators, traders can identify Zotye Automobile Co entry and exit signals to maximize returns
Zotye Automobile Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Zotye Automobile's price direction in advance. Along with the technical and fundamental analysis of Zotye Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Zotye to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1891 | |||
| Jensen Alpha | 1.19 | |||
| Total Risk Alpha | 0.514 | |||
| Sortino Ratio | 0.2606 | |||
| Treynor Ratio | (3.13) |
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| Volume Indicators |
Complementary Tools for Zotye Stock analysis
When running Zotye Automobile's price analysis, check to measure Zotye Automobile's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Zotye Automobile is operating at the current time. Most of Zotye Automobile's value examination focuses on studying past and present price action to predict the probability of Zotye Automobile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zotye Automobile's price. Additionally, you may evaluate how the addition of Zotye Automobile to your portfolios can decrease your overall portfolio volatility.
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