Zhongchao Stock Price on November 7, 2023
| ZCMD Stock | USD 1.34 0.04 3.08% |
Below is the normalized historical share price chart for Zhongchao extending back to February 24, 2020. 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 Zhongchao stands at 1.34, as last reported on the 30th of November, with the highest price reaching 1.40 and the lowest price hitting 1.23 during the day.
If you're considering investing in Zhongchao Stock, it is important to understand the factors that can impact its price. Zhongchao appears to be abnormally volatile, given 3 months investment horizon. Zhongchao shows Sharpe Ratio of 0.0279, which attests that the company had a 0.0279% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zhongchao, which you can use to evaluate the volatility of the company. Please utilize Zhongchao's Market Risk Adjusted Performance of (2.33), downside deviation of 5.33, and Mean Deviation of 5.01 to validate if our risk estimates are consistent with your expectations.
At present, Zhongchao's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Capital Stock is expected to grow to 2,662, whereas Common Stock Shares Outstanding is forecasted to decline to about 2.6 M. . At present, Zhongchao's Price Cash Flow Ratio is projected to increase significantly based on the last few years of reporting. Zhongchao Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 24th of February 2020 | 200 Day MA 1.5922 | 50 Day MA 1.5319 | Beta 0.305 |
Zhongchao |
Sharpe Ratio = 0.0279
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 11.47 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Zhongchao is performing at about 2% 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 Zhongchao by adding it to a well-diversified portfolio.
Price Book 0.4259 | Enterprise Value Ebitda 245.461 | Price Sales 0.4179 | Shares Float 2.1 M | Earnings Share (2.51) |
Zhongchao Valuation on November 7, 2023
It is possible to determine the worth of Zhongchao on a given historical date. On November 7, 2023 Zhongchao was worth 10.5 at the beginning of the trading date compared to the closed value of 10.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zhongchao stock. Still, in general, we apply an absolute valuation method to find Zhongchao'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 Zhongchao where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zhongchao's related companies.
| Open | High | Low | Close | Volume | |
| 10.30 | 10.50 | 10.20 | 10.49 | 470.00 | |
11/07/2023 | 10.50 | 10.50 | 9.25 | 10.45 | 1,630 |
| 9.71 | 10.60 | 9.71 | 10.60 | 1,760 |
| Backtest Zhongchao | | | Zhongchao History | | | Zhongchao Valuation | Previous | Next |
Zhongchao Trading Date Momentum on November 7, 2023
| On November 08 2023 Zhongchao was traded for 10.60 at the closing time. The top price for the day was 10.60 and the lowest listed price was 9.71 . The trading volume for the day was 1.8 K. The trading history from November 8, 2023 was a factor to the next trading day price growth. The trading date delta against the next closing price was 1.44% . The trading date delta against the current closing price is 5.36% . |
Zhongchao Fundamentals Correlations and Trends
By evaluating Zhongchao'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 Zhongchao's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Zhongchao financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Zhongchao Stock history
Zhongchao 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 Zhongchao is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Zhongchao 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 Zhongchao stock prices may prove useful in developing a viable investing in Zhongchao
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 2.6 M | 2.6 M | |
| Net Income Applicable To Common Shares | 214.8 K | 204.1 K |
Zhongchao Quarterly Net Working Capital |
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Zhongchao Stock Technical Analysis
Zhongchao 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
Zhongchao Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Zhongchao cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Zhongchao November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Zhongchao stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zhongchao shares will generate the highest return on investment. By undertsting and applying Zhongchao stock market strength indicators, traders can identify Zhongchao entry and exit signals to maximize returns
Zhongchao Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Zhongchao's price direction in advance. Along with the technical and fundamental analysis of Zhongchao Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Zhongchao 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 | 0.0332 | |||
| Jensen Alpha | 0.3591 | |||
| Total Risk Alpha | (1.53) | |||
| Sortino Ratio | 0.0399 | |||
| Treynor Ratio | (2.34) |
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Zhongchao Stock analysis
When running Zhongchao's price analysis, check to measure Zhongchao'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 Zhongchao is operating at the current time. Most of Zhongchao's value examination focuses on studying past and present price action to predict the probability of Zhongchao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zhongchao's price. Additionally, you may evaluate how the addition of Zhongchao to your portfolios can decrease your overall portfolio volatility.
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