Zhejiang Construction (China) Price on July 1, 2024
| 002761 Stock | 8.78 0.22 2.44% |
Below is the normalized historical share price chart for Zhejiang Construction Investment extending back to June 10, 2015. 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 Construction stands at 8.78, as last reported on the 1st of January, with the highest price reaching 9.10 and the lowest price hitting 8.78 during the day.
If you're considering investing in Zhejiang Stock, it is important to understand the factors that can impact its price. Zhejiang Construction shows Sharpe Ratio of -0.0216, which attests that the company had a -0.0216% return per unit of risk over the last 3 months. Zhejiang Construction exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhejiang Construction's Market Risk Adjusted Performance of (0.65), mean deviation of 2.67, and Downside Deviation of 4.17 to validate the risk estimate we provide.
At present, Zhejiang Construction's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 2.3 B, whereas Common Stock is forecasted to decline to about 1.1 B. . Zhejiang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 8.6921 | 50 Day MA 9.768 | Beta 0.268 |
Zhejiang |
Sharpe Ratio = -0.0216
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 002761 |
Estimated Market Risk
| 3.79 actual daily | 33 67% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Zhejiang Construction 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 Zhejiang Construction by adding Zhejiang Construction to a well-diversified portfolio.
Price Book 1.2048 | Enterprise Value Ebitda 18.8852 | Price Sales 0.1195 | Shares Float 491.1 M | Dividend Share 0.05 |
Zhejiang Construction Valuation on July 1, 2024
It is possible to determine the worth of Zhejiang Construction on a given historical date. On July 1, 2024 Zhejiang was worth 7.73 at the beginning of the trading date compared to the closed value of 8.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zhejiang Construction stock. Still, in general, we apply an absolute valuation method to find Zhejiang Construction'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 Construction where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zhejiang Construction's related companies.
| Open | High | Low | Close | Volume | |
| 7.78 | 7.94 | 7.75 | 7.76 | 14,688,637 | |
07/01/2024 | 7.73 | 8.39 | 7.72 | 8.11 | 33,734,134 |
| 8.10 | 8.17 | 7.99 | 8.01 | 20,636,225 |
| Backtest Zhejiang Construction | | | Zhejiang Construction History | | | Zhejiang Construction Valuation | Previous | Next |
Zhejiang Construction Trading Date Momentum on July 1, 2024
| On July 02 2024 Zhejiang Construction Investment was traded for 8.01 at the closing time. The highest price during the trading period was 8.17 and the lowest recorded bid was listed for 7.99 . The volume for the day was 20.6 M. This history from July 2, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.23% . The trading date delta to the current price is 7.40% . |
Zhejiang Construction Fundamentals Correlations and Trends
By evaluating Zhejiang Construction'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 Construction'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 Construction Stock history
Zhejiang Construction 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 Construction 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 Construction stock prices may prove useful in developing a viable investing in Zhejiang Construction
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.2 B | 843.2 M | |
| Net Income Applicable To Common Shares | 1.1 B | 608.1 M |
Zhejiang Construction Stock Technical Analysis
Zhejiang Construction 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 Construction Period Price Range
Low | January 1, 2025
| High |
0.00 | 0.00 |
Zhejiang Construction Investment cannot be verified against its exchange. Please verify the symbol is currently traded on Shenzhen 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 Construction January 1, 2025 Market Strength
Market strength indicators help investors to evaluate how Zhejiang Construction 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 Construction shares will generate the highest return on investment. By undertsting and applying Zhejiang Construction stock market strength indicators, traders can identify Zhejiang Construction Investment entry and exit signals to maximize returns
Zhejiang Construction Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Zhejiang Construction'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 | 0.0641 | |||
| Jensen Alpha | 0.2615 | |||
| Total Risk Alpha | 0.2572 | |||
| Sortino Ratio | 0.0624 | |||
| Treynor Ratio | (0.66) |
| 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 Construction's price analysis, check to measure Zhejiang Construction'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 Construction is operating at the current time. Most of Zhejiang Construction's value examination focuses on studying past and present price action to predict the probability of Zhejiang Construction'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 Construction's price. Additionally, you may evaluate how the addition of Zhejiang Construction to your portfolios can decrease your overall portfolio volatility.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |