Zhejiang Zhengguang (China) Price on December 3, 2024
| 301092 Stock | 26.30 0.05 0.19% |
If you're considering investing in Zhejiang Stock, it is important to understand the factors that can impact its price. As of today, the current price of Zhejiang Zhengguang stands at 26.30, as last reported on the 11th of December 2024, with the highest price reaching 27.19 and the lowest price hitting 26.21 during the day. Zhejiang Zhengguang appears to be not too volatile, given 3 months investment horizon. Zhejiang Zhengguang shows Sharpe Ratio of 0.15, which attests that the company had a 0.15% return per unit of risk over the last 3 months. By examining Zhejiang Zhengguang's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Zhejiang Zhengguang's Downside Deviation of 3.18, mean deviation of 2.29, and Market Risk Adjusted Performance of 1.47 to validate if our risk estimates are consistent with your expectations.
As of December 11, 2024, Total Stockholder Equity is expected to decline to about 1.3 B. In addition to that, Common Stock Shares Outstanding is expected to decline to about 132.1 M. Zhejiang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Zhejiang |
Sharpe Ratio = 0.1503
| Best Portfolio | Best Equity | |||
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| Small Returns | 301092 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.49 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.52 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Zhejiang Zhengguang 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 Zhengguang by adding it to a well-diversified portfolio.
Price Book 1.8945 | Enterprise Value Ebitda 20.3561 | Price Sales 6.3651 | Shares Float 35.7 M | Dividend Share 0.26 |
Zhejiang Zhengguang Valuation on December 3, 2024
It is possible to determine the worth of Zhejiang Zhengguang on a given historical date. On December 3, 2024 Zhejiang was worth 25.78 at the beginning of the trading date compared to the closed value of 25.67. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zhejiang Zhengguang stock. Still, in general, we apply an absolute valuation method to find Zhejiang Zhengguang'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 Zhengguang where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zhejiang Zhengguang's related companies.
| Open | High | Low | Close | Volume | |
| 24.98 | 25.67 | 24.90 | 25.66 | 2,075,964 | |
12/03/2024 | 25.78 | 25.83 | 25.42 | 25.67 | 1,419,198 |
| 26.88 | 27.36 | 25.91 | 26.05 | 4,951,197 |
| Backtest Zhejiang Zhengguang | | | Zhejiang Zhengguang History | | | Zhejiang Zhengguang Valuation | Previous | Next |
Zhejiang Zhengguang Trading Date Momentum on December 3, 2024
| On December 04 2024 Zhejiang Zhengguang Industrial was traded for 26.05 at the closing time. The highest price during the trading period was 27.36 and the lowest recorded bid was listed for 25.91 . The volume for the day was 5 M. This history from December 4, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 1.48% . The trading date delta to the current price is 5.14% . |
Zhejiang Zhengguang Fundamentals Correlations and Trends
By evaluating Zhejiang Zhengguang'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 Zhengguang'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 Zhengguang Stock history
Zhejiang Zhengguang 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 Zhengguang 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 Zhengguang stock prices may prove useful in developing a viable investing in Zhejiang Zhengguang
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 133.7 M | 132.1 M |
Zhejiang Zhengguang Quarterly Net Working Capital |
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Zhejiang Zhengguang Stock Technical Analysis
Zhejiang Zhengguang 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 Zhengguang Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Zhejiang Zhengguang Industrial 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 Zhengguang December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Zhejiang Zhengguang 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 Zhengguang shares will generate the highest return on investment. By undertsting and applying Zhejiang Zhengguang stock market strength indicators, traders can identify Zhejiang Zhengguang Industrial entry and exit signals to maximize returns
Zhejiang Zhengguang Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Zhejiang Zhengguang'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 | 0.0949 | |||
| Jensen Alpha | 0.3598 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0868 | |||
| Treynor Ratio | 1.46 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Zhejiang Stock analysis
When running Zhejiang Zhengguang's price analysis, check to measure Zhejiang Zhengguang'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 Zhengguang is operating at the current time. Most of Zhejiang Zhengguang's value examination focuses on studying past and present price action to predict the probability of Zhejiang Zhengguang'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 Zhengguang's price. Additionally, you may evaluate how the addition of Zhejiang Zhengguang to your portfolios can decrease your overall portfolio volatility.
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