ZANAGA IRON (Germany) Price on November 27, 2024
| 6ZA Stock | 0.03 0 12.33% |
If you're considering investing in ZANAGA Stock, it is important to understand the factors that can impact its price. As of today, the current price of ZANAGA IRON stands at 0.03, as last reported on the 2nd of December, with the highest price reaching 0.03 and the lowest price hitting 0.03 during the day. ZANAGA IRON ORE shows Sharpe Ratio of -0.14, which attests that the company had a -0.14% return per unit of standard deviation over the last 3 months. ZANAGA IRON ORE exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZANAGA IRON's Risk Adjusted Performance of (0.07), standard deviation of 5.25, and Mean Deviation of 3.73 to validate the risk estimate we provide.
ZANAGA Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
ZANAGA |
Sharpe Ratio = -0.1352
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| Negative Returns | 6ZA |
Estimated Market Risk
| 5.16 actual daily | 45 55% of assets are more volatile |
Expected Return
| -0.7 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ZANAGA IRON is not performing at its full potential. However, 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 ZANAGA IRON by adding ZANAGA IRON to a well-diversified portfolio.
ZANAGA IRON Valuation on November 27, 2024
It is possible to determine the worth of ZANAGA IRON on a given historical date. On November 27, 2024 ZANAGA was worth 0.034 at the beginning of the trading date compared to the closed value of 0.0365. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ZANAGA IRON stock. Still, in general, we apply an absolute valuation method to find ZANAGA IRON'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 ZANAGA IRON where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ZANAGA IRON's related companies.
| Open | High | Low | Close | Volume | |
| 0.04 | 0.04 | 0.03 | 0.03 | 1.00 | |
11/27/2024 | 0.03 | 0.04 | 0.03 | 0.04 | 1.00 |
| 0.03 | 0.03 | 0.03 | 0.03 | 1.00 |
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ZANAGA IRON Trading Date Momentum on November 27, 2024
| On November 28 2024 ZANAGA IRON ORE was traded for 0.03 at the closing time. The highest price during the trading period was 0.03 and the lowest recorded bid was listed for 0.03 . There was no trading activity during the period 1.0. Lack of trading volume on November 28, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 12.33% . The trading date delta to the current price is 12.33% . |
ZANAGA IRON ORE Fundamentals Correlations and Trends
By evaluating ZANAGA IRON'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 ZANAGA IRON's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ZANAGA financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ZANAGA IRON Stock history
ZANAGA IRON 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 ZANAGA is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ZANAGA IRON ORE 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 ZANAGA IRON stock prices may prove useful in developing a viable investing in ZANAGA IRON
ZANAGA IRON Stock Technical Analysis
ZANAGA IRON 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
ZANAGA IRON Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
ZANAGA IRON ORE cannot be verified against its exchange. Please verify the symbol is currently traded on Stuttgart 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.
ZANAGA IRON December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how ZANAGA IRON stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ZANAGA IRON shares will generate the highest return on investment. By undertsting and applying ZANAGA IRON stock market strength indicators, traders can identify ZANAGA IRON ORE entry and exit signals to maximize returns
ZANAGA IRON Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ZANAGA IRON's price direction in advance. Along with the technical and fundamental analysis of ZANAGA Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ZANAGA 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 | (0.07) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | 1.88 |
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Additional Tools for ZANAGA Stock Analysis
When running ZANAGA IRON's price analysis, check to measure ZANAGA IRON'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 ZANAGA IRON is operating at the current time. Most of ZANAGA IRON's value examination focuses on studying past and present price action to predict the probability of ZANAGA IRON's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZANAGA IRON's price. Additionally, you may evaluate how the addition of ZANAGA IRON to your portfolios can decrease your overall portfolio volatility.