Zhejiang Construction (China) Price on September 30, 2024
| 002761 Stock | 12.62 1.15 10.03% |
Below is the normalized historical share price chart for Zhejiang Construction Investment extending back to June 10, 2015. 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 Construction stands at 12.62, as last reported on the 24th of November, with the highest price reaching 12.62 and the lowest price hitting 12.62 during the day.
If you're considering investing in Zhejiang Stock, it is important to understand the factors that can impact its price. Zhejiang Construction appears to be somewhat reliable, given 3 months investment horizon. Zhejiang Construction shows Sharpe Ratio of 0.28, which attests that the company had a 0.28% return per unit of risk over the last 3 months. By examining Zhejiang Construction's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please utilize Zhejiang Construction's Downside Deviation of 3.24, mean deviation of 2.36, and Market Risk Adjusted Performance of 0.7705 to validate if our risk estimates are consistent with your expectations.
The current year's Other Stockholder Equity is expected to grow to about 2.3 B, whereas Total Stockholder Equity is forecasted to decline to about 4.4 B. . Zhejiang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 8.5722 | 50 Day MA 8.7982 | Beta 0.268 |
Zhejiang |
Sharpe Ratio = 0.282
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
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| Small Returns | 002761 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.48 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.98 actual daily | 19 81% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average Zhejiang Construction is performing at about 22% 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 Construction by adding it to a well-diversified portfolio.
Price Book 1.7318 | Enterprise Value Ebitda 22.2883 | Price Sales 0.1714 | Shares Float 491.1 M | Dividend Share 0.05 |
Zhejiang Construction Valuation on September 30, 2024
It is possible to determine the worth of Zhejiang Construction on a given historical date. On September 30, 2024 Zhejiang was worth 8.92 at the beginning of the trading date compared to the closed value of 9.33. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zhejiang Construction stock. Still, in general, we apply an absolute valuation method to find Zhejiang Construction'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 Construction where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zhejiang Construction's related companies.
| Open | High | Low | Close | Volume | |
| 8.33 | 8.66 | 8.25 | 8.50 | 51,978,902 | |
09/30/2024 | 8.92 | 9.35 | 8.68 | 9.33 | 78,019,419 |
| 10.26 | 10.26 | 9.19 | 9.62 | 82,683,789 |
| Backtest Zhejiang Construction | | | Zhejiang Construction History | | | Zhejiang Construction Valuation | Previous | Next |
Zhejiang Construction Trading Date Momentum on September 30, 2024
| On October 08 2024 Zhejiang Construction Investment was traded for 9.62 at the closing time. The highest price during the trading period was 10.26 and the lowest recorded bid was listed for 9.19 . The volume for the day was 82.7 M. This history from October 8, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 3.11% . The trading date delta to the current price is 7.82% . |
Zhejiang Construction Fundamentals Correlations and Trends
By evaluating Zhejiang Construction'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 Construction'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 Construction Stock history
Zhejiang Construction 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 Construction 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 Construction stock prices may prove useful in developing a viable investing in Zhejiang Construction
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.2 B | 843.2 M | |
| Net Income Applicable To Common Shares | 1.1 B | 608.1 M |
Zhejiang Construction Stock Technical Analysis
Zhejiang Construction 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 Construction Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Zhejiang Construction Investment 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 Construction November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Zhejiang Construction 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 Construction shares will generate the highest return on investment. By undertsting and applying Zhejiang Construction stock market strength indicators, traders can identify Zhejiang Construction Investment entry and exit signals to maximize returns
Zhejiang Construction Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Zhejiang Construction'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 | 0.1877 | |||
| Jensen Alpha | 0.6641 | |||
| Total Risk Alpha | 0.253 | |||
| Sortino Ratio | 0.2062 | |||
| Treynor Ratio | 0.7605 |
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| Volume Indicators |
Complementary Tools for Zhejiang Stock analysis
When running Zhejiang Construction's price analysis, check to measure Zhejiang Construction'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 Construction is operating at the current time. Most of Zhejiang Construction's value examination focuses on studying past and present price action to predict the probability of Zhejiang Construction'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 Construction's price. Additionally, you may evaluate how the addition of Zhejiang Construction to your portfolios can decrease your overall portfolio volatility.
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