Zhejiang Xiantong (China) Price on October 9, 2024
| 603239 Stock | 14.61 0.21 1.42% |
Below is the normalized historical share price chart for Zhejiang Xiantong RubberPlastic extending back to December 30, 2016. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Zhejiang Xiantong stands at 14.61, as last reported on the 14th of December 2024, with the highest price reaching 14.90 and the lowest price hitting 14.56 during the day.
If you're considering investing in Zhejiang Stock, it is important to understand the factors that can impact its price. Zhejiang Xiantong appears to be not too volatile, given 3 months investment horizon. Zhejiang Xiantong shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of risk over the last 3 months. By examining Zhejiang Xiantong's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize Zhejiang Xiantong's Mean Deviation of 1.98, market risk adjusted performance of 1.51, and Downside Deviation of 2.6 to validate if our risk estimates are consistent with your expectations.
As of December 14, 2024, Total Stockholder Equity is expected to decline to about 870.8 M. In addition to that, Common Stock is expected to decline to about 210.9 M. Zhejiang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 13.7664 | 50 Day MA 13.3092 | Beta 0.395 |
Zhejiang |
Sharpe Ratio = 0.1696
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 603239 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.93 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.5 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Zhejiang Xiantong is performing at about 13% 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 Zhejiang Xiantong by adding it to a well-diversified portfolio.
Price Book 3.5361 | Book Value 4.132 | Enterprise Value 3.9 B | Enterprise Value Ebitda 19.3454 | Price Sales 3.3718 |
Zhejiang Xiantong Valuation on October 9, 2024
It is possible to determine the worth of Zhejiang Xiantong on a given historical date. On October 9, 2024 Zhejiang was worth 14.56 at the beginning of the trading date compared to the closed value of 13.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zhejiang Xiantong stock. Still, in general, we apply an absolute valuation method to find Zhejiang Xiantong'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 Zhejiang Xiantong where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zhejiang Xiantong's related companies.
| Open | High | Low | Close | Volume | |
| 15.68 | 15.73 | 14.29 | 14.75 | 10,063,240 | |
10/09/2024 | 14.56 | 14.56 | 13.43 | 13.44 | 6,545,586 |
| 13.56 | 13.94 | 13.39 | 13.63 | 4,006,500 |
| Backtest Zhejiang Xiantong | | | Zhejiang Xiantong History | | | Zhejiang Xiantong Valuation | Previous | Next |
Zhejiang Xiantong Trading Date Momentum on October 9, 2024
| On October 10 2024 Zhejiang Xiantong RubberPlastic was traded for 13.63 at the closing time. The highest price during the trading period was 13.94 and the lowest recorded bid was listed for 13.39 . The volume for the day was 4 M. This history from October 10, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 1.41% . The trading date delta to the current price is 3.27% . |
Zhejiang Xiantong Fundamentals Correlations and Trends
By evaluating Zhejiang Xiantong'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 Zhejiang Xiantong's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Zhejiang financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Zhejiang Xiantong Stock history
Zhejiang Xiantong 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 Zhejiang is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Zhejiang Xiantong 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 Zhejiang Xiantong stock prices may prove useful in developing a viable investing in Zhejiang Xiantong
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 243.6 M | 216.6 M | |
| Net Income Applicable To Common Shares | 145.1 M | 137.8 M |
Zhejiang Xiantong Quarterly Net Working Capital |
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Zhejiang Xiantong Stock Technical Analysis
Zhejiang Xiantong 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
Zhejiang Xiantong Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Zhejiang Xiantong RubberPlastic cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai 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.
Zhejiang Xiantong December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Zhejiang Xiantong stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zhejiang Xiantong shares will generate the highest return on investment. By undertsting and applying Zhejiang Xiantong stock market strength indicators, traders can identify Zhejiang Xiantong RubberPlastic entry and exit signals to maximize returns
Zhejiang Xiantong Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Zhejiang Xiantong's price direction in advance. Along with the technical and fundamental analysis of Zhejiang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Zhejiang 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 | 0.091 | |||
| Jensen Alpha | 0.2972 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0871 | |||
| Treynor Ratio | 1.5 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Zhejiang Stock analysis
When running Zhejiang Xiantong's price analysis, check to measure Zhejiang Xiantong'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 Zhejiang Xiantong is operating at the current time. Most of Zhejiang Xiantong's value examination focuses on studying past and present price action to predict the probability of Zhejiang Xiantong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zhejiang Xiantong's price. Additionally, you may evaluate how the addition of Zhejiang Xiantong to your portfolios can decrease your overall portfolio volatility.
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