ECONET WIRELESS (Zimbabwe) Price on October 24, 2024
| ECO Stock | 353.30 41.76 13.40% |
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 353.30, as last reported on the 4th of March, with the highest price reaching 353.30 and the lowest price hitting 311.54 during the day. ECONET WIRELESS appears to be very steady, given 3 months investment horizon. ECONET WIRELESS HOLDINGS secures Sharpe Ratio (or Efficiency) of 0.0578, which denotes the company had a 0.0578 % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for ECONET WIRELESS HOLDINGS, which you can use to evaluate the volatility of the entity. Please utilize ECONET WIRELESS's Standard Deviation of 5.25, mean deviation of 3.24, and Coefficient Of Variation of (2,828) to check if our risk estimates are consistent with your expectations.
ECONET Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
ECONET |
Sharpe Ratio = 0.0578
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ECO | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.62 actual daily | 50 50% of assets are less volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average ECONET WIRELESS is performing at about 4% 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 ECONET WIRELESS by adding it to a well-diversified portfolio.
ECONET WIRELESS Valuation on October 24, 2024
It is possible to determine the worth of ECONET WIRELESS on a given historical date. On October 24, 2024 ECONET was worth 480.5 at the beginning of the trading date compared to the closed value of 503.33. 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 | |
| 480.03 | 480.50 | 480.03 | 480.50 | 226,600 | |
10/24/2024 | 480.50 | 503.33 | 480.50 | 503.33 | 3,000 |
| 503.33 | 503.33 | 481.29 | 481.29 | 2,240,200 |
| Backtest ECONET WIRELESS | | | ECONET WIRELESS History | Previous | Next |
ECONET WIRELESS Trading Date Momentum on October 24, 2024
| On October 25 2024 ECONET WIRELESS HOLDINGS was traded for 481.29 at the closing time. The highest price during the trading period was 503.33 and the lowest recorded bid was listed for 481.29 . The volume for the day was 2.2 M. This history from October 25, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 4.38% . The overall trading delta to the current price is 4.62% . |
Price Boundaries
ECONET WIRELESS Period Price Range
Low | March 4, 2025
| 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 March 4, 2025 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 | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | 0.2292 | |||
| Treynor Ratio | (0.69) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |