Zhejiang Daily (China) Market Value

600633 Stock   14.70  0.03  0.20%   
Zhejiang Daily's market value is the price at which a share of Zhejiang Daily trades on a public exchange. It measures the collective expectations of Zhejiang Daily Media investors about its performance. Zhejiang Daily is trading at 14.70 as of the 16th of March 2025, a 0.20 percent increase since the beginning of the trading day. The stock's open price was 14.67.
With this module, you can estimate the performance of a buy and hold strategy of Zhejiang Daily Media and determine expected loss or profit from investing in Zhejiang Daily over a given investment horizon. Check out Zhejiang Daily Correlation, Zhejiang Daily Volatility and Zhejiang Daily Alpha and Beta module to complement your research on Zhejiang Daily.
Symbol

Please note, there is a significant difference between Zhejiang Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhejiang Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhejiang Daily'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.

Zhejiang Daily 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Zhejiang Daily's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Zhejiang Daily.
0.00
12/16/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/16/2025
0.00
If you would invest  0.00  in Zhejiang Daily on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang Daily Media or generate 0.0% return on investment in Zhejiang Daily over 90 days. Zhejiang Daily is related to or competes with Shenzhen Centralcon, Tieling Newcity, Vanfund Urban, Digital China, Shenzhen SDG, ISoftStone Information, and Guangdong TianYiMa. Zhejiang Daily is entity of China. It is traded as Stock on SHG exchange. More

Zhejiang Daily Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Zhejiang Daily's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Zhejiang Daily Media upside and downside potential and time the market with a certain degree of confidence.

Zhejiang Daily Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Daily's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Daily's standard deviation. In reality, there are many statistical measures that can use Zhejiang Daily historical prices to predict the future Zhejiang Daily's volatility.
Hype
Prediction
LowEstimatedHigh
9.8114.6319.45
Details
Intrinsic
Valuation
LowRealHigh
8.2613.0817.90
Details
Naive
Forecast
LowNextHigh
11.1115.9320.75
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.150.160.17
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Zhejiang Daily. Your research has to be compared to or analyzed against Zhejiang Daily's peers to derive any actionable benefits. When done correctly, Zhejiang Daily's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Zhejiang Daily Media.

Zhejiang Daily Media Backtested Returns

Zhejiang Daily appears to be somewhat reliable, given 3 months investment horizon. Zhejiang Daily Media shows Sharpe Ratio of 0.11, which attests that the company had a 0.11 % 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 0.55% is justified by implied risk. Please utilize Zhejiang Daily's Market Risk Adjusted Performance of 5.19, mean deviation of 3.28, and Downside Deviation of 4.26 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhejiang Daily holds a performance score of 9. The firm maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zhejiang Daily's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhejiang Daily is expected to be smaller as well. Please check Zhejiang Daily's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Zhejiang Daily's historical returns will revert.

Auto-correlation

    
  0.17  

Very weak predictability

Zhejiang Daily Media has very weak predictability. Overlapping area represents the amount of predictability between Zhejiang Daily time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Zhejiang Daily Media price movement. The serial correlation of 0.17 indicates that over 17.0% of current Zhejiang Daily price fluctuation can be explain by its past prices.
Correlation Coefficient0.17
Spearman Rank Test0.45
Residual Average0.0
Price Variance4.11

Zhejiang Daily Media lagged returns against current returns

Autocorrelation, which is Zhejiang Daily stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Zhejiang Daily's stock expected returns. We can calculate the autocorrelation of Zhejiang Daily returns to help us make a trade decision. For example, suppose you find that Zhejiang Daily has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Zhejiang Daily regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Zhejiang Daily stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Daily stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Daily stock over time.
   Current vs Lagged Prices   
       Timeline  

Zhejiang Daily Lagged Returns

When evaluating Zhejiang Daily's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Daily stock have on its future price. Zhejiang Daily autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Zhejiang Daily autocorrelation shows the relationship between Zhejiang Daily stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Daily Media.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Zhejiang Stock

Zhejiang Daily financial ratios help investors to determine whether Zhejiang Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Zhejiang with respect to the benefits of owning Zhejiang Daily security.