Zhejiang Satellite (China) Price on December 4, 2024
| 002648 Stock | 18.06 0.14 0.78% |
Below is the normalized historical share price chart for Zhejiang Satellite Petrochemical extending back to December 28, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Zhejiang Satellite stands at 18.06, as last reported on the 13th of December 2024, with the highest price reaching 18.14 and the lowest price hitting 17.83 during the day.
If you're considering investing in Zhejiang Stock, it is important to understand the factors that can impact its price. Zhejiang Satellite appears to be not too volatile, given 3 months investment horizon. Zhejiang Satellite shows Sharpe Ratio of 0.14, which attests that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zhejiang Satellite, which you can use to evaluate the volatility of the company. Please utilize Zhejiang Satellite's Downside Deviation of 2.17, market risk adjusted performance of (0.24), and Mean Deviation of 1.69 to validate if our risk estimates are consistent with your expectations.
At present, Zhejiang Satellite's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 4.1 B, whereas Treasury Stock is forecasted to decline to (11.8 M). . Zhejiang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 28th of December 2011 | 200 Day MA 17.2891 | 50 Day MA 17.3868 | Beta 1.193 |
Zhejiang |
Sharpe Ratio = 0.1449
| Best Portfolio | Best Equity | |||
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| Small Returns | 002648 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.39 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.35 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Zhejiang Satellite is performing at about 11% 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 Zhejiang Satellite by adding it to a well-diversified portfolio.
Price Book 2.1695 | Enterprise Value Ebitda 13.4228 | Price Sales 1.4544 | Shares Float 1.6 B | Dividend Share 0.4 |
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Zhejiang Satellite Valuation on December 4, 2024
It is possible to determine the worth of Zhejiang Satellite on a given historical date. On December 4, 2024 Zhejiang was worth 17.93 at the beginning of the trading date compared to the closed value of 17.95. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zhejiang Satellite stock. Still, in general, we apply an absolute valuation method to find Zhejiang Satellite'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 Zhejiang Satellite where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zhejiang Satellite's related companies.
| Open | High | Low | Close | Volume | |
| 18.02 | 18.10 | 17.80 | 17.93 | 13,812,157 | |
12/04/2024 | 17.93 | 18.04 | 17.80 | 17.95 | 13,164,512 |
| 17.85 | 17.91 | 17.62 | 17.70 | 10,307,706 |
| Backtest Zhejiang Satellite | | | Zhejiang Satellite History | | | Zhejiang Satellite Valuation | Previous | Next |
Zhejiang Satellite Trading Date Momentum on December 4, 2024
| On December 05 2024 Zhejiang Satellite Petrochemical was traded for 17.70 at the closing time. The highest price during the trading period was 17.91 and the lowest recorded bid was listed for 17.62 . The volume for the day was 10.3 M. This history from December 5, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.39% . The trading date delta to the current price is 0.17% . |
Zhejiang Satellite Fundamentals Correlations and Trends
By evaluating Zhejiang Satellite'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 Zhejiang Satellite's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Zhejiang financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Zhejiang Satellite Stock history
Zhejiang Satellite 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 Zhejiang is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Zhejiang Satellite 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 Zhejiang Satellite stock prices may prove useful in developing a viable investing in Zhejiang Satellite
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 3.4 B | 2.3 B | |
| Net Income Applicable To Common Shares | 3.5 B | 3.7 B |
Zhejiang Satellite Stock Technical Analysis
Zhejiang Satellite 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
Zhejiang Satellite Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Zhejiang Satellite Petrochemical 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.
Zhejiang Satellite December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Zhejiang Satellite stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zhejiang Satellite shares will generate the highest return on investment. By undertsting and applying Zhejiang Satellite stock market strength indicators, traders can identify Zhejiang Satellite Petrochemical entry and exit signals to maximize returns
Zhejiang Satellite Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Zhejiang Satellite's price direction in advance. Along with the technical and fundamental analysis of Zhejiang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Zhejiang 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 | 0.0672 | |||
| Jensen Alpha | 0.262 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.039 | |||
| Treynor Ratio | (0.25) |
| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Zhejiang Stock analysis
When running Zhejiang Satellite's price analysis, check to measure Zhejiang Satellite'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 Zhejiang Satellite is operating at the current time. Most of Zhejiang Satellite's value examination focuses on studying past and present price action to predict the probability of Zhejiang Satellite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zhejiang Satellite's price. Additionally, you may evaluate how the addition of Zhejiang Satellite to your portfolios can decrease your overall portfolio volatility.
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