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.
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.
IPO Date 13th of June 1992 | 200 Day MA 9.8179 | 50 Day MA 10.7908 | Beta 0.655 |
Zhejiang |
Sharpe Ratio = 0.2159
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 600633 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
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 | Previous | Next |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.1 B | 1 B | |
| Net Income Applicable To Common Shares | 594.1 M | 409 M |
Zhejiang Daily Quarterly Net Working Capital |
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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.
Price Boundaries
Zhejiang Daily Period Price Range
Low | December 12, 2024
| 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.
| Risk Adjusted Performance | 0.1454 | |||
| Jensen Alpha | 0.5759 | |||
| Total Risk Alpha | 0.0872 | |||
| Sortino Ratio | 0.1577 | |||
| Treynor Ratio | (5.29) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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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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