Zhende Medical (China) Price on November 26, 2024
| 603301 Stock | 22.82 0.18 0.80% |
Below is the normalized historical share price chart for Zhende Medical Co extending back to April 12, 2018. 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 Zhende Medical stands at 22.82, as last reported on the 27th of November, with the highest price reaching 23.24 and the lowest price hitting 22.51 during the day.
If you're considering investing in Zhende Stock, it is important to understand the factors that can impact its price. Zhende Medical appears to be not too volatile, given 3 months investment horizon. Zhende Medical shows Sharpe Ratio of 0.0817, which attests that the company had a 0.0817% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zhende Medical, which you can use to evaluate the volatility of the company. Please utilize Zhende Medical's Market Risk Adjusted Performance of (0.28), downside deviation of 2.55, and Mean Deviation of 1.46 to validate if our risk estimates are consistent with your expectations.
As of November 27, 2024, Common Stock is expected to decline to about 143.2 M. In addition to that, Total Stockholder Equity is expected to decline to about 3.1 B. Zhende Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 21.1561 | 50 Day MA 22.338 | Beta 0.428 |
Zhende |
Sharpe Ratio = 0.0817
| Best Portfolio | Best Equity | |||
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| Small Returns | 603301 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.43 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Zhende Medical is performing at about 6% 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 Zhende Medical by adding it to a well-diversified portfolio.
Price Book 1.0807 | Enterprise Value Ebitda 19.4667 | Price Sales 1.523 | Shares Float 103.5 M | Wall Street Target Price 28 |
Zhende Medical Valuation on November 26, 2024
It is possible to determine the worth of Zhende Medical on a given historical date. On November 26, 2024 Zhende was worth 22.6 at the beginning of the trading date compared to the closed value of 22.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zhende Medical stock. Still, in general, we apply an absolute valuation method to find Zhende Medical'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 Zhende Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zhende Medical's related companies.
| Open | High | Low | Close | Volume | |
| 22.45 | 22.94 | 22.38 | 22.64 | 2,258,900 | |
11/26/2024 | 22.60 | 23.24 | 22.51 | 22.82 | 2,301,726 |
| Backtest Zhende Medical | | | Zhende Medical History | | | Zhende Medical Valuation | Previous |
Zhende Medical Trading Date Momentum on November 26, 2024
| On November 26 2024 Zhende Medical Co was traded for 22.82 at the closing time. The highest price during the trading period was 23.24 and the lowest recorded bid was listed for 22.51 . The volume for the day was 2.3 M. This history from November 26, 2024 had no short-term effect on price fluctuation. The trading date delta to the current price is 0.96% . |
Zhende Medical Fundamentals Correlations and Trends
By evaluating Zhende Medical'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 Zhende Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Zhende financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Zhende Medical Stock history
Zhende Medical 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 Zhende is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Zhende Medical 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 Zhende Medical stock prices may prove useful in developing a viable investing in Zhende Medical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 306.4 M | 239.8 M | |
| Net Income Applicable To Common Shares | 685.2 M | 584 M |
Zhende Medical Quarterly Net Working Capital |
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Zhende Medical Stock Technical Analysis
Zhende Medical 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
Zhende Medical Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Zhende Medical Co 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.
Zhende Medical November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Zhende Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zhende Medical shares will generate the highest return on investment. By undertsting and applying Zhende Medical stock market strength indicators, traders can identify Zhende Medical Co entry and exit signals to maximize returns
Zhende Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Zhende Medical's price direction in advance. Along with the technical and fundamental analysis of Zhende Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Zhende 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 | 0.0602 | |||
| Jensen Alpha | 0.2167 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0137 | |||
| Treynor Ratio | (0.29) |
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| Volume Indicators |
Complementary Tools for Zhende Stock analysis
When running Zhende Medical's price analysis, check to measure Zhende Medical'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 Zhende Medical is operating at the current time. Most of Zhende Medical's value examination focuses on studying past and present price action to predict the probability of Zhende Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zhende Medical's price. Additionally, you may evaluate how the addition of Zhende Medical to your portfolios can decrease your overall portfolio volatility.
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