Zhaojin Mining Industry Stock Price on March 5, 2024
| ZHAOF Stock | USD 1.47 0.00 0.00% |
If you're considering investing in Zhaojin Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Zhaojin Mining stands at 1.47, as last reported on the 5th of May, with the highest price reaching 1.47 and the lowest price hitting 1.47 during the day. Zhaojin Mining appears to be risky, given 3 months investment horizon. Zhaojin Mining Industry shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Zhaojin Mining Industry, which you can use to evaluate the volatility of the company. Please utilize Zhaojin Mining's Market Risk Adjusted Performance of (1.36), mean deviation of 0.4974, and Standard Deviation of 2.05 to validate if our risk estimates are consistent with your expectations.
Zhaojin Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Zhaojin |
Sharpe Ratio = 0.126
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Estimated Market Risk
| 2.1 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average Zhaojin Mining is performing at about 9% 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 Zhaojin Mining by adding it to a well-diversified portfolio.
Zhaojin Mining Valuation on March 5, 2024
It is possible to determine the worth of Zhaojin Mining on a given historical date. On March 5, 2024 Zhaojin was worth 1.26 at the beginning of the trading date compared to the closed value of 1.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zhaojin Mining pink sheet. Still, in general, we apply an absolute valuation method to find Zhaojin 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 Zhaojin Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zhaojin Mining's related companies.
| Open | High | Low | Close | Volume | |
| 1.26 | 1.26 | 1.26 | 1.26 | 1.00 | |
03/05/2024 | 1.26 | 1.26 | 1.26 | 1.26 | 1.00 |
| 1.26 | 1.26 | 1.26 | 1.26 | 1.00 |
| Backtest Zhaojin Mining | | | Zhaojin Mining History | | | Zhaojin Mining Valuation | Previous | Next |
Zhaojin Mining Trading Date Momentum on March 5, 2024
| On March 06 2024 Zhaojin Mining Industry was traded for 1.26 at the closing time. The highest daily price throughout the period was 1.26 and the lowest price was 1.26 . There was no trading activity during the period 1.0. Lack of trading volume on 03/06/2024 had no short-term effect on price fluctuation. The trading date delta to current closing price is 0.00% . |
Zhaojin Mining Industry Fundamentals Correlations and Trends
By evaluating Zhaojin 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 Zhaojin Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Zhaojin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Zhaojin Mining Pink Sheet history
Zhaojin 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 Zhaojin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Zhaojin Mining Industry 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 Zhaojin Mining stock prices may prove useful in developing a viable investing in Zhaojin Mining
Zhaojin Mining Industry Company Limited, an investment holding company, engages in mining, processing, smelting, and sale of gold, silver, and copper products in the Peoples Republic of China. The company was incorporated in 2004 and is headquartered in Zhaoyuan, the Peoples Republic of China. ZHAOJIN MINING operates under Gold classification in the United States and is traded on PNK Exchange. It employs 6896 people.
Zhaojin Mining Pink Sheet Technical Analysis
Zhaojin Mining technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Zhaojin Mining Period Price Range
Low | March 5, 2024
| High |
1.26 | 1.26 |
Zhaojin Mining May 5, 2024 Market Strength
Market strength indicators help investors to evaluate how Zhaojin Mining pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zhaojin Mining shares will generate the highest return on investment. By undertsting and applying Zhaojin Mining pink sheet market strength indicators, traders can identify Zhaojin Mining Industry entry and exit signals to maximize returns
Zhaojin Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Zhaojin Mining's price direction in advance. Along with the technical and fundamental analysis of Zhaojin Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Zhaojin 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 | 0.0846 | |||
| Jensen Alpha | 0.2548 | |||
| Total Risk Alpha | 0.0169 | |||
| Treynor Ratio | (1.37) |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zhaojin Mining Industry. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Zhaojin Pink Sheet analysis
When running Zhaojin Mining's price analysis, check to measure Zhaojin 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 Zhaojin Mining is operating at the current time. Most of Zhaojin Mining's value examination focuses on studying past and present price action to predict the probability of Zhaojin 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 Zhaojin Mining's price. Additionally, you may evaluate how the addition of Zhaojin Mining to your portfolios can decrease your overall portfolio volatility.
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