Zhejiang Expressway (Germany) Price on February 9, 2024
| ZHJ Stock | EUR 0.63 0.02 3.28% |
If you're considering investing in Zhejiang Stock, it is important to understand the factors that can impact its price. As of today, the current price of Zhejiang Expressway stands at 0.63, as last reported on the 11th of December 2024, with the highest price reaching 0.64 and the lowest price hitting 0.62 during the day. Zhejiang Expressway appears to be abnormally volatile, given 3 months investment horizon. Zhejiang Expressway shows Sharpe Ratio of 0.0844, which attests that the company had a 0.0844% return per unit of risk over the last 3 months. We have found thirty technical indicators for Zhejiang Expressway, which you can use to evaluate the volatility of the company. Please utilize Zhejiang Expressway's Mean Deviation of 2.28, market risk adjusted performance of (1.77), and Downside Deviation of 5.54 to validate if our risk estimates are consistent with your expectations.
Zhejiang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Zhejiang |
Sharpe Ratio = 0.0844
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Estimated Market Risk
| 4.35 actual daily | 38 62% of assets are more volatile |
Expected Return
| 0.37 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Zhejiang Expressway is performing at about 6% 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 Expressway by adding it to a well-diversified portfolio.
Zhejiang Expressway Valuation on February 9, 2024
It is possible to determine the worth of Zhejiang Expressway on a given historical date. On February 9, 2024 Zhejiang was worth 0.28 at the beginning of the trading date compared to the closed value of 0.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zhejiang Expressway stock. Still, in general, we apply an absolute valuation method to find Zhejiang Expressway'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 Expressway where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zhejiang Expressway's related companies.
| Open | High | Low | Close | Volume | |
| 0.29 | 0.29 | 0.29 | 0.29 | 1.00 | |
02/09/2024 | 0.28 | 0.28 | 0.28 | 0.28 | 1.00 |
| 0.28 | 0.28 | 0.28 | 0.28 | 1.00 |
| Backtest Zhejiang Expressway | | | Zhejiang Expressway History | | | Zhejiang Expressway Valuation | Previous | Next |
Zhejiang Expressway Trading Date Momentum on February 9, 2024
| On February 12 2024 Zhejiang Expressway Co was traded for 0.28 at the closing time. The highest daily price throughout the period was 0.28 and the lowest price was 0.28 . There was no trading activity during the period 1.0. Lack of trading volume on 02/12/2024 had no short-term effect on price fluctuation. The trading date delta to current closing price is 7.14% . |
Zhejiang Expressway Fundamentals Correlations and Trends
By evaluating Zhejiang Expressway'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 Expressway'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 Expressway Stock history
Zhejiang Expressway 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 Expressway 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 Expressway stock prices may prove useful in developing a viable investing in Zhejiang Expressway
Zhejiang Expressway Co., Ltd., an investment holding company, invests in, develops, operates, maintains, and manages high grade roads in the Peoples Republic of China. Zhejiang Expressway Co., Ltd. is a subsidiary of Zhejiang Communications Investment Group Co., Ltd. Zhejiang Expressway operates under Infrastructure Operations classification in Germany and traded on Frankfurt Stock Exchange. It employs 6871 people.
Zhejiang Expressway Stock Technical Analysis
Zhejiang Expressway 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 Expressway Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Zhejiang Expressway Co cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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 Expressway December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Zhejiang Expressway 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 Expressway shares will generate the highest return on investment. By undertsting and applying Zhejiang Expressway stock market strength indicators, traders can identify Zhejiang Expressway Co entry and exit signals to maximize returns
Zhejiang Expressway Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Zhejiang Expressway'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 | 0.0601 | |||
| Jensen Alpha | 0.3167 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.0331 | |||
| Treynor Ratio | (1.78) |
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Zhejiang Stock analysis
When running Zhejiang Expressway's price analysis, check to measure Zhejiang Expressway'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 Expressway is operating at the current time. Most of Zhejiang Expressway's value examination focuses on studying past and present price action to predict the probability of Zhejiang Expressway'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 Expressway's price. Additionally, you may evaluate how the addition of Zhejiang Expressway to your portfolios can decrease your overall portfolio volatility.
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