ECONET WIRELESS (Zimbabwe) Price on October 2, 2024
| ECO Stock | 300.26 3.69 1.21% |
If you're considering investing in ECONET Stock, it is important to understand the factors that can impact its price. As of today, the current price of ECONET WIRELESS stands at 300.26, as last reported on the 14th of December 2024, with the highest price reaching 303.95 and the lowest price hitting 300.26 during the day. ECONET WIRELESS HOLDINGS secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. ECONET WIRELESS HOLDINGS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ECONET WIRELESS's Mean Deviation of 4.04, standard deviation of 5.95, and Coefficient Of Variation of (956.43) to check the risk estimate we provide.
ECONET Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
ECONET |
Sharpe Ratio = -0.1055
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Estimated Market Risk
| 5.99 actual daily | 53 53% of assets are less volatile |
Expected Return
| -0.63 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ECONET WIRELESS 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 ECONET WIRELESS by adding ECONET WIRELESS to a well-diversified portfolio.
ECONET WIRELESS Valuation on October 2, 2024
It is possible to determine the worth of ECONET WIRELESS on a given historical date. On October 2, 2024 ECONET was worth 350.11 at the beginning of the trading date compared to the closed value of 350.01. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ECONET WIRELESS stock. Still, in general, we apply an absolute valuation method to find ECONET WIRELESS'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 ECONET WIRELESS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ECONET WIRELESS's related companies.
| Open | High | Low | Close | Volume | |
| 355.56 | 355.56 | 350.11 | 350.11 | 362,400 | |
10/02/2024 | 350.11 | 350.11 | 350.01 | 350.01 | 1,001,700 |
| 350.01 | 350.01 | 320.56 | 320.56 | 5,163,800 |
| Backtest ECONET WIRELESS | | | ECONET WIRELESS History | Previous | Next |
ECONET WIRELESS Trading Date Momentum on October 2, 2024
| On October 03 2024 ECONET WIRELESS HOLDINGS was traded for 320.56 at the closing time. The highest price during the trading period was 350.01 and the lowest recorded bid was listed for 320.56 . The volume for the day was 5.2 M. This history from October 3, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 8.41% . The overall trading delta to the current price is 8.48% . |
Price Boundaries
ECONET WIRELESS Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
ECONET WIRELESS HOLDINGS cannot be verified against its exchange. Please verify the symbol is currently traded on Zimbabwe 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.
ECONET WIRELESS December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how ECONET WIRELESS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ECONET WIRELESS shares will generate the highest return on investment. By undertsting and applying ECONET WIRELESS stock market strength indicators, traders can identify ECONET WIRELESS HOLDINGS entry and exit signals to maximize returns
ECONET WIRELESS Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ECONET WIRELESS's price direction in advance. Along with the technical and fundamental analysis of ECONET Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ECONET 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 | (0.58) | |||
| Total Risk Alpha | (1.37) | |||
| Treynor Ratio | 1.04 |
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Complementary Tools for ECONET Stock analysis
When running ECONET WIRELESS's price analysis, check to measure ECONET WIRELESS'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 ECONET WIRELESS is operating at the current time. Most of ECONET WIRELESS's value examination focuses on studying past and present price action to predict the probability of ECONET WIRELESS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECONET WIRELESS's price. Additionally, you may evaluate how the addition of ECONET WIRELESS to your portfolios can decrease your overall portfolio volatility.
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