Zijin Mining Group Stock Price on October 7, 2024

ZIJMY Stock  USD 37.55  1.41  3.62%   
If you're considering investing in Zijin Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Zijin Mining stands at 37.55, as last reported on the 1st of December, with the highest price reaching 37.55 and the lowest price hitting 37.55 during the day. Zijin Mining Group shows Sharpe Ratio of -1.0E-4, which attests that the company had a -1.0E-4% return per unit of risk over the last 3 months. Zijin Mining Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zijin Mining's Standard Deviation of 3.72, market risk adjusted performance of 0.6588, and Mean Deviation of 2.21 to validate the risk estimate we provide.
  
Zijin Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -1.0E-4

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Estimated Market Risk

 3.73
  actual daily
33
67% of assets are more volatile

Expected Return

 0.0
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  actual daily
0
Most of other assets perform better
Based on monthly moving average Zijin Mining 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 Zijin Mining by adding Zijin Mining to a well-diversified portfolio.

Zijin Mining Valuation on October 7, 2024

It is possible to determine the worth of Zijin Mining on a given historical date. On October 7, 2024 Zijin was worth 47.4 at the beginning of the trading date compared to the closed value of 47.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zijin Mining pink sheet. Still, in general, we apply an absolute valuation method to find Zijin Mining'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 Zijin Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zijin Mining's related companies.
 Open High Low Close Volume
  46.90    46.90    46.90    46.90    5,100  
10/07/2024
  47.40    47.40    47.07    47.30    1,400  
  45.12    45.12    45.12    45.12    3,050  
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Open Value
47.4
47.3
Closing Value
58.59
Upside

Zijin Mining Trading Date Momentum on October 7, 2024

On October 08 2024 Zijin Mining Group was traded for  45.12  at the closing time. The highest daily price throughout the period was 45.12  and the lowest price was  45.12 . The daily volume was 3 K. The net trading volume on 10/08/2024 added to the next day price reduction. The trading date delta to closing price of the next trading day was 4.61% . The trading date delta to current closing price is 9.73% .

Zijin Mining Group Fundamentals Correlations and Trends

By evaluating Zijin Mining'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 Zijin Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Zijin financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Zijin Mining Pink Sheet history

Zijin Mining 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 Zijin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Zijin Mining Group 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 Zijin Mining stock prices may prove useful in developing a viable investing in Zijin Mining
Zijin Mining Group Company Limited, together with its subsidiaries, engages in prospecting, exploration, and mining mineral resources in Mainland China. Zijin Mining Group Company Limited was founded in 1986 and is headquartered in Longyan, the Peoples Republic of China. Zijin Mng operates under Gold classification in the United States and is traded on OTC Exchange. It employs 43876 people.

Zijin Mining Pink Sheet Technical Analysis

Zijin Mining technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Zijin Mining technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Zijin Mining trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Zijin Mining Period Price Range

Low
December 1, 2024
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Zijin Mining Group cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.

Zijin Mining December 1, 2024 Market Strength

Market strength indicators help investors to evaluate how Zijin Mining pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zijin Mining shares will generate the highest return on investment. By undertsting and applying Zijin Mining pink sheet market strength indicators, traders can identify Zijin Mining Group entry and exit signals to maximize returns

Zijin Mining Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Zijin Mining's price direction in advance. Along with the technical and fundamental analysis of Zijin Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Zijin 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.

Additional Tools for Zijin Pink Sheet Analysis

When running Zijin Mining's price analysis, check to measure Zijin Mining'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 Zijin Mining is operating at the current time. Most of Zijin Mining's value examination focuses on studying past and present price action to predict the probability of Zijin Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zijin Mining's price. Additionally, you may evaluate how the addition of Zijin Mining to your portfolios can decrease your overall portfolio volatility.