To determine your return on investment (ROI) for buying ZKIN with a 15% trailing stop loss on March 19, 2021, if you had bought at the opening price, we would need to make some assumptions about the stock's price movement after your purchase.
- Purchase Price: Let's assume you bought ZKIN at the opening price of $1.98 on March 19, 2021.
- Trailing Stop Loss: With a 15% trailing stop loss, your sell order would be triggered if the stock price fell by 15% from your purchase price. This means that your stop loss price would be $1.67.
- Assumed Price Movement: For the purposes of this calculation, let's assume that after you buy ZKIN, the stock price fluctuates within a range between $1.67 (your stop loss price) and $2.08.
Now, let's calculate your ROI based on these assumptions:
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Potential Gains: If you were to sell ZKIN at $2.08, you would have a gain of ($2.08 - $1.98) = $0.10 per share.
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Potential Losses: If you were to sell ZKIN at $1.67 (your stop loss price), you would have a loss of ($1.67 - $1.98) = -$0.31 per share.
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ROI Calculation: Assuming you bought 100 shares:
- Maximum Profit: 100 * $0.10 = $10
- Maximum Loss: 100 * ($0.31) = -$31
- Break-Even: Sell at $1.99
Your ROI would be the percentage difference between your potential profits and the amount you invested. In this case, your ROI would be:
- ROI = ($10 - -$31) / ($1.98 * 100) = -14.15%
This calculation assumes that you were able to buy ZKIN at the opening price and that the stock price remained within the range we specified. Actual returns may vary based on the specific price movement of ZKIN on March 19, 2021, which is not available in the provided data.
6/30/2024 02:14am
