Zijin Mining (China) Price on August 29, 2023
| 601899 Stock | 15.62 0.10 0.64% |
Below is the normalized historical share price chart for Zijin Mining Group extending back to April 25, 2008. 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 Zijin Mining stands at 15.62, as last reported on the 27th of December, with the highest price reaching 15.73 and the lowest price hitting 15.46 during the day.
If you're considering investing in Zijin Stock, it is important to understand the factors that can impact its price. Zijin Mining Group shows Sharpe Ratio of -0.12, which attests that the company had a -0.12% return per unit of risk over the last 3 months. Zijin Mining Group exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zijin Mining's Mean Deviation of 1.59, downside deviation of 2.14, and Market Risk Adjusted Performance of (0.13) to validate the risk estimate we provide.
At present, Zijin Mining's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Shares Outstanding is expected to grow to about 27.6 B, whereas Common Stock is forecasted to decline to about 2 B. . Zijin Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 23rd of December 2003 | 200 Day MA 16.7165 | 50 Day MA 16.2932 | Beta 1.474 |
Zijin |
Sharpe Ratio = -0.1245
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 601899 |
Estimated Market Risk
| 1.89 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 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.
Price Book 3.0745 | Enterprise Value Ebitda 12.1977 | Price Sales 1.3502 | Shares Float 20.4 B | Wall Street Target Price 21.2 |
Zijin Mining Valuation on August 29, 2023
It is possible to determine the worth of Zijin Mining on a given historical date. On August 29, 2023 Zijin was worth 12.11 at the beginning of the trading date compared to the closed value of 12.08. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zijin Mining stock. 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 | |
| 12.92 | 12.97 | 12.06 | 12.14 | 203,852,109 | |
08/29/2023 | 12.11 | 12.37 | 12.04 | 12.08 | 140,982,272 |
| 12.25 | 12.54 | 12.22 | 12.45 | 159,470,560 |
| Backtest Zijin Mining | | | Zijin Mining History | | | Zijin Mining Valuation | Previous | Next |
Zijin Mining Trading Date Momentum on August 29, 2023
| On August 30 2023 Zijin Mining Group was traded for 12.45 at the closing time. The highest price during the trading period was 12.54 and the lowest recorded bid was listed for 12.22 . The volume for the day was 159.5 M. This history from August 30, 2023 contributed to the next trading day price jump. The daily price change to the next closing price was 3.06% . The trading date delta to the current price is 7.70% . |
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 Stock 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
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 26.3 B | 27.6 B | |
| Net Income Applicable To Common Shares | 23 B | 24.2 B |
Zijin Mining Stock Technical Analysis
Zijin Mining 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
Zijin Mining Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Zijin Mining Group 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.
Zijin Mining December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Zijin Mining stock 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 stock 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 Stock 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.
| Risk Adjusted Performance | 0.0224 | |||
| Jensen Alpha | 0.0418 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.14) |
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Complementary Tools for Zijin Stock 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.
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