Zhongjin Gold (SHSE:600489) 1-Year Sharpe Ratio: 0.86 (As of Sep. 16, 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600489 Zhongjin Gold Corp Ltd SHSE:600489
87 GF Score
Price ¥25.22
GF Value ¥21.88
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Zhongjin Gold 1-Year Sharpe Ratio?

Zhongjin Gold SHSE:600489 +3.02% 87 1-Year Sharpe Ratio is 0.86 as of Sep. 16, 2026. GuruFocus rates SHSE:600489 with a GF Score™ of 87/100 and a GF Value™ of ¥21.88 (Modestly Overvalued). The stock has 1 warning sign investors should review.

The 1-Year Sharpe Ratio measures the additional return that an investor receives per unit of increase in risk over the past year. As of today (2026-09-16), Zhongjin Gold's 1-Year Sharpe Ratio is 0.86.

Zhongjin Gold  (SHSE:600489) 1-Year Sharpe Ratio Explanation

The 1-Year Sharpe Ratio inidicates the risk-adjusted return of an investment over the past year. It is calculated as the annualized result of the average monthly excess return divided by its standard deviation over the past year. The monthly excess return is the monthly investment return minus the monthly risk-free rate (typically the 10-year Treasury Constant Maturity Rate). If the risk-free rate for a specific region is not available, U.S. data is used by default.

The greater a portfolio's Sharpe Ratio, the better its risk-adjusted performance. A negative Sharpe Ratio means the risk-free rate is greater than the portfolio’s historical or projected return, or else the portfolio's return is expected to be negative.

Zhongjin Gold 1-Year Sharpe Ratio Related Terms

SHSE:600489 vs NEM, AU, RGLD: 1-Year Sharpe Ratio Comparison

For the Gold subindustry, Zhongjin Gold's 1-Year Sharpe Ratio, along with its competitors' market caps and 1-Year Sharpe Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Zhongjin Gold 1-Year Sharpe Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zhongjin Gold's 1-Year Sharpe Ratio distribution charts can be found below:

* The bar in red indicates where Zhongjin Gold's 1-Year Sharpe Ratio falls into.


SHSE:600489
87GF Score
Zhongjin Gold Corp Ltd SHSE:600489
1-Year Sharpe Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhongjin Gold 1-Year Sharpe Ratio Calculation

The 1-Year Sharpe Ratio measures the performance of an investment such as a stock or portfolio compared to a risk-free asset. A stock / portfolio's 1-Year Sharpe Ratio can be calculated by dividing the difference between the one-year returns of the investment and the risk-free rate, by the standard deviation of the investment returns over one year.

Frequently Asked Questions Learn more about 1-Year Sharpe Ratio →
What does a 1-Year Sharpe Ratio of 0.86 mean?
Zhongjin Gold (SHSE:600489) has a 1-Year Sharpe Ratio of 0.86 as of Sep. 16, 2026. 1-Year Sharpe Ratio measures the additional return that an investor receives per unit of increase in risk. View historical data for Zhongjin Gold and its competitors.
Is Zhongjin Gold's 1-Year Sharpe Ratio too high?
Zhongjin Gold's current 1-Year Sharpe Ratio is 0.86. Overall, Zhongjin Gold has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhongjin Gold's 1-Year Sharpe Ratio compare to NEM and AU?
Zhongjin Gold's 1-Year Sharpe Ratio of 0.86 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 1-Year Sharpe Ratio for a Metals & Mining company?
A good 1-Year Sharpe Ratio depends on the Metals & Mining industry context. However, 1-Year Sharpe Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 1-Year Sharpe Ratio mean?
A high 1-Year Sharpe Ratio can signal that a stock is expensive relative to its fundamentals. 1-Year Sharpe Ratio measures the additional return that an investor receives per unit of increase in risk. View historical data for Zhongjin Gold and its competitors. Zhongjin Gold's current 1-Year Sharpe Ratio is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongjin Gold stock overvalued right now?
Based on GuruFocus' analysis, Zhongjin Gold (SHSE:600489) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥21.88, compared to a current price of ¥25.22 — trading 15.3% above its estimated fair value. The current 1-Year Sharpe Ratio is 0.86. Zhongjin Gold's overall GF Score™ is 87/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 1-Year Sharpe Ratio calculated?
1-Year Sharpe Ratio is calculated from a company's financial statements. For Zhongjin Gold (SHSE:600489), the current 1-Year Sharpe Ratio is 0.86 as of Sep. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Zhongjin Gold (SHSE:600489) Overvalued in 2026?

Based on GuruFocus' analysis, Zhongjin Gold stock appears to be overvalued. The current stock price of ¥25.22 is trading 15.3% above its estimated GF Value™ of ¥21.88. GuruFocus considers Zhongjin Gold to be Modestly Overvalued.

Key valuation signals for SHSE:600489:

  • 1-Year Sharpe Ratio: 0.86
  • GF Value™: ¥21.88 vs. price of ¥25.22 (15.3% above fair value)
  • GF Score™: 87/100 with 1 warning sign

No single metric tells the full story. See the SHSE:600489 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zhongjin Gold Business Description

Address No. 9 Andingmenwai Street, Dongcheng District, Beijing, CHN, 100011
Zhongjin Gold Corp Ltd engages in the mining, smelting, and sale of non-ferrous metals in China. Its products include gold, electrolytic silver and copper, sulfuric acid, and other products, as well as iron oxide pigments. The company operates its business in both the domestic and overseas market.
87GF Score

Get the complete analysis for SHSE:600489

1-Year Sharpe Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥25.22
Price
¥21.88
GF Value