Ziga Innovation (Thailand) Price on October 8, 2024
ZIGA Stock | THB 1.86 0.02 1.06% |
If you're considering investing in Ziga Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ziga Innovation stands at 1.86, as last reported on the 24th of November, with the highest price reaching 1.90 and the lowest price hitting 1.86 during the day. Ziga Innovation Public shows Sharpe Ratio of -0.0092, which attests that the company had a -0.0092% return per unit of risk over the last 3 months. Ziga Innovation Public exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ziga Innovation's Mean Deviation of 2.67, downside deviation of 3.21, and Market Risk Adjusted Performance of (1.11) to validate the risk estimate we provide.
Ziga Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ziga |
Sharpe Ratio = -0.0092
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Estimated Market Risk
3.05 actual daily | 27 73% of assets are more volatile |
Expected Return
-0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ziga Innovation 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 Ziga Innovation by adding Ziga Innovation to a well-diversified portfolio.
Ziga Innovation Valuation on October 8, 2024
It is possible to determine the worth of Ziga Innovation on a given historical date. On October 8, 2024 Ziga was worth 2.06 at the beginning of the trading date compared to the closed value of 2.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ziga Innovation stock. Still, in general, we apply an absolute valuation method to find Ziga Innovation'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 Ziga Innovation where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ziga Innovation's related companies.
Open | High | Low | Close | Volume | |
2.00 | 2.06 | 2.00 | 2.04 | 1,451,141 | |
10/08/2024 | 2.06 | 2.06 | 2.02 | 2.02 | 1,412,100 |
2.02 | 2.08 | 2.00 | 2.02 | 1,131,100 |
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Ziga Innovation Trading Date Momentum on October 8, 2024
On October 09 2024 Ziga Innovation Public was traded for 2.02 at the closing time. The highest price during the trading period was 2.08 and the lowest recorded bid was listed for 2.00 . The volume for the day was 1.1 M. This history from October 9, 2024 had no short-term effect on price fluctuation. The trading date delta to the current price is 1.98% . |
Ziga Innovation Public Fundamentals Correlations and Trends
By evaluating Ziga Innovation'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 Ziga Innovation's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ziga financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ziga Innovation Stock history
Ziga Innovation 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 Ziga is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ziga Innovation Public 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 Ziga Innovation stock prices may prove useful in developing a viable investing in Ziga Innovation
Ziga Innovation Public Company Limited manufactures and trades steel conduits and pipes in Thailand. Ziga Innovation Public Company Limited was incorporated in 1998 and is based in Samutprakarn, Thailand. ZIGA INNOVATION operates under Metal Fabrication classification in Thailand and is traded on Stock Exchange of Thailand.
Ziga Innovation Stock Technical Analysis
Ziga Innovation 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
Ziga Innovation Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Ziga Innovation Public cannot be verified against its exchange. Please verify the symbol is currently traded on Thailand 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.
Ziga Innovation November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Ziga Innovation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ziga Innovation shares will generate the highest return on investment. By undertsting and applying Ziga Innovation stock market strength indicators, traders can identify Ziga Innovation Public entry and exit signals to maximize returns
Ziga Innovation Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ziga Innovation's price direction in advance. Along with the technical and fundamental analysis of Ziga Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ziga 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 | 0.0812 | |||
Jensen Alpha | 0.4647 | |||
Total Risk Alpha | (0.29) | |||
Sortino Ratio | 0.0931 | |||
Treynor Ratio | (1.12) |
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Other Information on Investing in Ziga Stock
Ziga Innovation financial ratios help investors to determine whether Ziga 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 Ziga with respect to the benefits of owning Ziga Innovation security.