Zhejiang Daily (China) Price on May 24, 2023

600633 Stock   11.45  0.11  0.97%   
Below is the normalized historical share price chart for Zhejiang Daily Media extending back to March 04, 1993. 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 Zhejiang Daily stands at 11.45, as last reported on the 12th of December 2024, with the highest price reaching 11.55 and the lowest price hitting 11.23 during the day.
IPO Date
13th of June 1992
200 Day MA
9.8179
50 Day MA
10.7908
Beta
0.655
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Zhejiang Stock, it is important to understand the factors that can impact its price. Zhejiang Daily appears to be somewhat reliable, given 3 months investment horizon. Zhejiang Daily Media shows Sharpe Ratio of 0.22, which attests that the company had a 0.22% return per unit of risk over the last 3 months. By examining Zhejiang Daily's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Zhejiang Daily's Mean Deviation of 2.34, downside deviation of 2.85, and Market Risk Adjusted Performance of (5.28) to validate if our risk estimates are consistent with your expectations.
  
At present, Zhejiang Daily's Common Stock is projected to increase significantly based on the last few years of reporting. The current year's Total Stockholder Equity is expected to grow to about 10.4 B, whereas Other Stockholder Equity is forecasted to decline to (5.6 M). . Zhejiang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.2159

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Small Returns600633
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Estimated Market Risk

 3.17
  actual daily
28
72% of assets are more volatile

Expected Return

 0.68
  actual daily
13
87% of assets have higher returns

Risk-Adjusted Return

 0.22
  actual daily
17
83% of assets perform better
Based on monthly moving average Zhejiang Daily is performing at about 17% 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 Zhejiang Daily by adding it to a well-diversified portfolio.
Price Book
1.4492
Enterprise Value Ebitda
24.2179
Price Sales
4.834
Shares Float
628.6 M
Wall Street Target Price
13.47

Zhejiang Daily Valuation on May 24, 2023

It is possible to determine the worth of Zhejiang Daily on a given historical date. On May 24, 2023 Zhejiang was worth 11.8 at the beginning of the trading date compared to the closed value of 11.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zhejiang Daily stock. Still, in general, we apply an absolute valuation method to find Zhejiang Daily'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 Zhejiang Daily where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zhejiang Daily's related companies.
 Open High Low Close Volume
  12.12    12.29    11.83    11.83    20,212,696  
05/24/2023
  11.80    12.15    11.55    11.79    29,242,391  
  11.81    12.03    11.44    11.77    29,303,807  
Backtest Zhejiang Daily  |  Zhejiang Daily History  |  Zhejiang Daily Valuation   PreviousNext  
Open Value
11.8
11.79
Closing Value
21.31
Upside

Zhejiang Daily Trading Date Momentum on May 24, 2023

On May 25 2023 Zhejiang Daily Media was traded for  11.77  at the closing time. The highest price during the trading period was 12.03  and the lowest recorded bid was listed for  11.44 . The volume for the day was 29.3 M. This history from May 25, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.17% . The trading date delta to the current price is 12.89% .

Zhejiang Daily Media Fundamentals Correlations and Trends

By evaluating Zhejiang Daily'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 Zhejiang Daily's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Zhejiang financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Zhejiang Daily Stock history

Zhejiang Daily 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 Zhejiang is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Zhejiang Daily Media 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 Zhejiang Daily stock prices may prove useful in developing a viable investing in Zhejiang Daily
Last ReportedProjected for Next Year
Common Stock Shares Outstanding1.1 BB
Net Income Applicable To Common Shares594.1 M409 M

Zhejiang Daily Quarterly Net Working Capital

1.44 Billion

Zhejiang Daily Stock Technical Analysis

Zhejiang Daily 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.
A focus of Zhejiang Daily technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Zhejiang Daily trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Zhejiang Daily Period Price Range

Low
December 12, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Zhejiang Daily Media 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.

Zhejiang Daily December 12, 2024 Market Strength

Market strength indicators help investors to evaluate how Zhejiang Daily stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zhejiang Daily shares will generate the highest return on investment. By undertsting and applying Zhejiang Daily stock market strength indicators, traders can identify Zhejiang Daily Media entry and exit signals to maximize returns

Zhejiang Daily Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Zhejiang Daily's price direction in advance. Along with the technical and fundamental analysis of Zhejiang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Zhejiang 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.

Complementary Tools for Zhejiang Stock analysis

When running Zhejiang Daily's price analysis, check to measure Zhejiang Daily'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 Zhejiang Daily is operating at the current time. Most of Zhejiang Daily's value examination focuses on studying past and present price action to predict the probability of Zhejiang Daily's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zhejiang Daily's price. Additionally, you may evaluate how the addition of Zhejiang Daily to your portfolios can decrease your overall portfolio volatility.
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