Zai Lab Stock Price on February 27, 2024
ZLAB Stock | USD 26.63 0.63 2.42% |
If you're considering investing in Zai Stock, it is important to understand the factors that can impact its price. As of today, the current price of Zai Lab stands at 26.63, as last reported on the 22nd of January, with the highest price reaching 26.96 and the lowest price hitting 25.76 during the day. Zai Lab shows Sharpe Ratio of -0.1, which attests that the company had a -0.1 % return per unit of risk over the last 3 months. Zai Lab exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zai Lab's Market Risk Adjusted Performance of (2.61), standard deviation of 3.15, and Mean Deviation of 2.41 to validate the risk estimate we provide.
Zai Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Zai |
Sharpe Ratio = -0.1001
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Estimated Market Risk
3.15 actual daily | 28 72% of assets are more volatile |
Expected Return
-0.32 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Zai Lab 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 Zai Lab by adding Zai Lab to a well-diversified portfolio.
Zai Lab Valuation on February 27, 2024
It is possible to determine the worth of Zai Lab on a given historical date. On February 27, 2024 Zai was worth 22.74 at the beginning of the trading date compared to the closed value of 22.49. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zai Lab stock. Still, in general, we apply an absolute valuation method to find Zai Lab'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 Zai Lab where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zai Lab's related companies.
Open | High | Low | Close | Volume | |
20.20 | 21.08 | 20.00 | 20.99 | 382,500 | |
02/27/2024 | 22.74 | 22.89 | 22.00 | 22.49 | 1,192,300 |
21.80 | 22.79 | 20.69 | 20.80 | 725,300 |
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Zai Lab Trading Date Momentum on February 27, 2024
On February 28 2024 Zai Lab was traded for 20.80 at the closing time. The top price for the day was 22.79 and the lowest listed price was 20.69 . The trading volume for the day was 725.3 K. The trading history from February 28, 2024 was a factor to the next trading day price decrease. The trading date delta against the next closing price was 7.51% . The trading date delta against the current closing price is 14.81% . |
Zai Lab Fundamentals Correlations and Trends
By evaluating Zai Lab'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 Zai Lab's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Zai financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Zai Lab Stock history
Zai Lab 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 Zai is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Zai Lab 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 Zai Lab stock prices may prove useful in developing a viable investing in Zai Lab
Zai Lab Limited develops and commercializes therapies to treat oncology, autoimmune disorders, infectious diseases, and neuroscience primarily in Mainland China and Hong Kong. Zai Lab Limited was incorporated in 2013 and is headquartered in Shanghai, China. Zai Lab operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 1951 people.
Zai Lab Stock Technical Analysis
Zai Lab 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
Zai Lab Period Price Range
Low | January 22, 2025
| High |
0.00 | 0.00 |
Zai Lab 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.
Zai Lab January 22, 2025 Market Strength
Market strength indicators help investors to evaluate how Zai Lab stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zai Lab shares will generate the highest return on investment. By undertsting and applying Zai Lab stock market strength indicators, traders can identify Zai Lab entry and exit signals to maximize returns
Zai Lab Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Zai Lab's price direction in advance. Along with the technical and fundamental analysis of Zai Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Zai 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 | (0.08) | |||
Jensen Alpha | (0.33) | |||
Total Risk Alpha | (0.42) | |||
Treynor Ratio | (2.62) |
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Complementary Tools for Zai Stock analysis
When running Zai Lab's price analysis, check to measure Zai Lab'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 Zai Lab is operating at the current time. Most of Zai Lab's value examination focuses on studying past and present price action to predict the probability of Zai Lab's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zai Lab's price. Additionally, you may evaluate how the addition of Zai Lab to your portfolios can decrease your overall portfolio volatility.
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