ZAHIDJEE Textile (Pakistan) Price on December 11, 2024
| ZAHID Stock | 30.00 0.04 0.13% |
If you're considering investing in ZAHIDJEE Stock, it is important to understand the factors that can impact its price. As of today, the current price of ZAHIDJEE Textile stands at 30.00, as last reported on the 2nd of February, with the highest price reaching 30.00 and the lowest price hitting 27.21 during the day. ZAHIDJEE Textile appears to be somewhat reliable, given 3 months investment horizon. ZAHIDJEE Textile Mills shows Sharpe Ratio of 0.0732, which attests that the company had a 0.0732 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for ZAHIDJEE Textile Mills, which you can use to evaluate the volatility of the entity. Please utilize ZAHIDJEE Textile's Downside Deviation of 6.31, mean deviation of 3.09, and Risk Adjusted Performance of 0.0375 to validate if our risk estimates are consistent with your expectations.
ZAHIDJEE Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
ZAHIDJEE |
Sharpe Ratio = 0.0732
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Estimated Market Risk
| 5.23 actual daily | 46 54% of assets are more volatile |
Expected Return
| 0.38 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average ZAHIDJEE Textile is performing at about 5% 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 ZAHIDJEE Textile by adding it to a well-diversified portfolio.
ZAHIDJEE Textile Valuation on December 11, 2024
It is possible to determine the worth of ZAHIDJEE Textile on a given historical date. On December 11, 2024 ZAHIDJEE was worth 29.0 at the beginning of the trading date compared to the closed value of 29.91. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ZAHIDJEE Textile stock. Still, in general, we apply an absolute valuation method to find ZAHIDJEE Textile'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 ZAHIDJEE Textile where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ZAHIDJEE Textile's related companies.
| Open | High | Low | Close | Volume | |
| 29.95 | 29.95 | 29.90 | 29.91 | 16,042 | |
12/11/2024 | 29.00 | 31.00 | 29.00 | 29.91 | 52.00 |
| 31.00 | 31.00 | 27.90 | 28.52 | 515.00 |
| Backtest ZAHIDJEE Textile | | | ZAHIDJEE Textile History | | | ZAHIDJEE Textile Valuation | Previous | Next |
ZAHIDJEE Textile Trading Date Momentum on December 11, 2024
| On December 12 2024 ZAHIDJEE Textile Mills was traded for 28.52 at the closing time. The highest price during the trading period was 31.00 and the lowest recorded bid was listed for 27.90 . The volume for the day was 515. This history from December 12, 2024 contributed to the next trading day price decline. The trading date delta to the next closing price was 4.65% . The trading date delta to the current price is 0.23% . |
About ZAHIDJEE Textile Stock history
ZAHIDJEE Textile 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 ZAHIDJEE is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ZAHIDJEE Textile Mills 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 ZAHIDJEE Textile stock prices may prove useful in developing a viable investing in ZAHIDJEE Textile
ZAHIDJEE Textile Stock Technical Analysis
ZAHIDJEE Textile 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
ZAHIDJEE Textile Period Price Range
Low | February 2, 2025
| High |
0.00 | 0.00 |
ZAHIDJEE Textile Mills cannot be verified against its exchange. Please verify the symbol is currently traded on Karachi 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.
ZAHIDJEE Textile February 2, 2025 Market Strength
Market strength indicators help investors to evaluate how ZAHIDJEE Textile stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ZAHIDJEE Textile shares will generate the highest return on investment. By undertsting and applying ZAHIDJEE Textile stock market strength indicators, traders can identify ZAHIDJEE Textile Mills entry and exit signals to maximize returns
ZAHIDJEE Textile Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ZAHIDJEE Textile's price direction in advance. Along with the technical and fundamental analysis of ZAHIDJEE Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ZAHIDJEE 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 | 0.0375 | |||
| Jensen Alpha | 0.1703 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0151 | |||
| Treynor Ratio | (1.72) |
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Other Information on Investing in ZAHIDJEE Stock
ZAHIDJEE Textile financial ratios help investors to determine whether ZAHIDJEE Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ZAHIDJEE with respect to the benefits of owning ZAHIDJEE Textile security.