Mingzhu Logistics Holdings Stock Price on November 28, 2024
| YGMZ Stock | USD 1.08 0.03 2.70% |
If you're considering investing in Mingzhu Stock, it is important to understand the factors that can impact its price. As of today, the current price of Mingzhu Logistics stands at 1.08, as last reported on the 1st of December, with the highest price reaching 1.15 and the lowest price hitting 1.08 during the day. At this stage we consider Mingzhu Stock to be abnormally volatile. Mingzhu Logistics has Sharpe Ratio of 0.0225, which conveys that the firm had a 0.0225% return per unit of risk over the last 3 months. We have found thirty technical indicators for Mingzhu Logistics, which you can use to evaluate the volatility of the firm. Please verify Mingzhu Logistics' Mean Deviation of 3.85, risk adjusted performance of 0.0332, and Downside Deviation of 4.76 to check out if the risk estimate we provide is consistent with the expected return of 0.13%.
At this time, Mingzhu Logistics' Stock Based Compensation is fairly stable compared to the past year. Stock Based Compensation To Revenue is likely to rise to 0.01 in 2024, whereas Total Stockholder Equity is likely to drop slightly above 29.1 M in 2024. . Price Earnings To Growth Ratio is likely to rise to 0.53 in 2024, whereas Price To Sales Ratio is likely to drop 4.98 in 2024. Mingzhu Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Mingzhu |
Sharpe Ratio = 0.0225
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Estimated Market Risk
| 5.84 actual daily | 52 52% of assets are less volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Mingzhu Logistics is performing at about 1% 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 Mingzhu Logistics by adding it to a well-diversified portfolio.
Price Book 0.1622 | Enterprise Value Ebitda 12.1962 | Price Sales 0.0833 | Shares Float 2.9 M | Earnings Share 0.08 |
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Mingzhu Logistics Valuation on November 28, 2024
It is possible to determine the worth of Mingzhu Logistics on a given historical date. On November 28, 2024 Mingzhu was worth 1.1 at the beginning of the trading date compared to the closed value of 1.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mingzhu Logistics stock. Still, in general, we apply an absolute valuation method to find Mingzhu Logistics' 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 Mingzhu Logistics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mingzhu Logistics' related companies.
| Open | High | Low | Close | Volume | |
| 1.12 | 1.13 | 1.10 | 1.10 | 4,251 | |
11/27/2024 | 1.10 | 1.15 | 1.08 | 1.11 | 19,525 |
| 1.11 | 1.15 | 1.08 | 1.08 | 9,600 |
| Backtest Mingzhu Logistics | | | Mingzhu Logistics History | | | Mingzhu Logistics Valuation | Previous | Next |
Mingzhu Logistics Trading Date Momentum on November 28, 2024
| On November 29 2024 Mingzhu Logistics Holdings was traded for 1.08 at the closing time. The top price for the day was 1.15 and the lowest listed price was 1.08 . The trading volume for the day was 9.6 K. The trading history from November 29, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 2.70% . The trading delta at closing time against the current closing price is 0.00% . |
Mingzhu Logistics Fundamentals Correlations and Trends
By evaluating Mingzhu Logistics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mingzhu Logistics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mingzhu financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mingzhu Logistics Stock history
Mingzhu Logistics 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 Mingzhu is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mingzhu Logistics 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 Mingzhu Logistics stock prices may prove useful in developing a viable investing in Mingzhu Logistics
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 3.2 M | 3.1 M | |
| Net Loss | -844.6 K | -802.3 K |
Mingzhu Logistics Quarterly Net Working Capital |
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Mingzhu Logistics Stock Technical Analysis
Mingzhu Logistics 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
Mingzhu Logistics Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Mingzhu Logistics Holdings cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Mingzhu Logistics December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Mingzhu Logistics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mingzhu Logistics shares will generate the highest return on investment. By undertsting and applying Mingzhu Logistics stock market strength indicators, traders can identify Mingzhu Logistics Holdings entry and exit signals to maximize returns
Mingzhu Logistics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mingzhu Logistics' price direction in advance. Along with the technical and fundamental analysis of Mingzhu Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mingzhu 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 | 0.0332 | |||
| Jensen Alpha | 0.2641 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.01 | |||
| Treynor Ratio | (0.25) |
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Additional Tools for Mingzhu Stock Analysis
When running Mingzhu Logistics' price analysis, check to measure Mingzhu Logistics' 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 Mingzhu Logistics is operating at the current time. Most of Mingzhu Logistics' value examination focuses on studying past and present price action to predict the probability of Mingzhu Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mingzhu Logistics' price. Additionally, you may evaluate how the addition of Mingzhu Logistics to your portfolios can decrease your overall portfolio volatility.