Vnet Group Drc Stock Price on March 14, 2024
| VNET Stock | USD 1.91 0.17 9.77% |
If you're considering investing in VNET Stock, it is important to understand the factors that can impact its price. As of today, the current price of VNET Group stands at 1.91, as last reported on the 2nd of May, with the highest price reaching 1.92 and the lowest price hitting 1.76 during the day. VNET Group appears to be very risky, given 3 months investment horizon. VNET Group DRC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of volatility over the last 3 months. By examining VNET Group's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please review VNET Group's coefficient of variation of 957.53, and Risk Adjusted Performance of 0.0759 to confirm if our risk estimates are consistent with your expectations.
VNET Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
VNET |
Sharpe Ratio = 0.1044
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Estimated Market Risk
| 4.9 actual daily | 43 57% of assets are more volatile |
Expected Return
| 0.51 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average VNET Group is performing at about 8% 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 VNET Group by adding it to a well-diversified portfolio.
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VNET Group Valuation on March 14, 2024
It is possible to determine the worth of VNET Group on a given historical date. On March 14, 2024 VNET was worth 1.95 at the beginning of the trading date compared to the closed value of 1.93. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of VNET Group stock. Still, in general, we apply an absolute valuation method to find VNET Group'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 VNET Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against VNET Group's related companies.
| Open | High | Low | Close | Volume | |
| 1.76 | 1.95 | 1.76 | 1.95 | 3,292,700 | |
03/14/2024 | 1.95 | 2.09 | 1.91 | 1.93 | 4,370,448 |
| 1.94 | 2.05 | 1.80 | 1.80 | 4,800,882 |
| Backtest VNET Group | | | VNET Group History | | | VNET Group Valuation | Previous | Next |
VNET Group Trading Date Momentum on March 14, 2024
| On March 15 2024 VNET Group DRC was traded for 1.80 at the closing time. The top price for the day was 2.05 and the lowest listed price was 1.80 . The trading volume for the day was 4.8 M. The trading history from March 15, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 6.74% . The trading price change against the current closing price is 0.00% . |
VNET Group DRC Fundamentals Correlations and Trends
By evaluating VNET Group'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 VNET Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. VNET financial account trend analysis is a perfect complement when working with valuation or volatility modules.About VNET Group Stock history
VNET Group 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 VNET is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in VNET Group DRC 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 VNET Group stock prices may prove useful in developing a viable investing in VNET Group
VNET Group, Inc., an investment holding company, provides hosting and related services in China. VNET Group, Inc. was founded in 1999 and is headquartered in Beijing, the Peoples Republic of China. Vnet operates under Information Technology Services classification in the United States and is traded on NASDAQ Exchange. It employs 3221 people.
VNET Group Stock Technical Analysis
VNET Group 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
VNET Group Period Price Range
Low | March 14, 2024
| High |
1.95 | 1.93 |
VNET Group May 2, 2024 Market Strength
Market strength indicators help investors to evaluate how VNET Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading VNET Group shares will generate the highest return on investment. By undertsting and applying VNET Group stock market strength indicators, traders can identify VNET Group DRC entry and exit signals to maximize returns
VNET Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for VNET Group's price direction in advance. Along with the technical and fundamental analysis of VNET Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of VNET 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 | 0.0759 | |||
| Jensen Alpha | 0.3961 | |||
| Total Risk Alpha | 0.1576 | |||
| Sortino Ratio | 0.1078 | |||
| Treynor Ratio | 0.215 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VNET Group DRC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the VNET Group DRC information on this page should be used as a complementary analysis to other VNET Group's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for VNET Stock analysis
When running VNET Group's price analysis, check to measure VNET Group'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 VNET Group is operating at the current time. Most of VNET Group's value examination focuses on studying past and present price action to predict the probability of VNET Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VNET Group's price. Additionally, you may evaluate how the addition of VNET Group to your portfolios can decrease your overall portfolio volatility.
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Is VNET Group's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of VNET Group. If investors know VNET will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about VNET Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of VNET Group DRC is measured differently than its book value, which is the value of VNET that is recorded on the company's balance sheet. Investors also form their own opinion of VNET Group's value that differs from its market value or its book value, called intrinsic value, which is VNET Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VNET Group's market value can be influenced by many factors that don't directly affect VNET Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between VNET Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if VNET Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VNET Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.