Zhongchao Stock Market Value
| ZCMD Stock | USD 1.30 0.05 4.00% |
| Symbol | Zhongchao |
Zhongchao Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zhongchao. If investors know Zhongchao will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zhongchao listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.91) | Earnings Share (2.51) | Revenue Per Share 6.642 | Quarterly Revenue Growth (0.20) | Return On Assets (0.02) |
The market value of Zhongchao is measured differently than its book value, which is the value of Zhongchao that is recorded on the company's balance sheet. Investors also form their own opinion of Zhongchao's value that differs from its market value or its book value, called intrinsic value, which is Zhongchao's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zhongchao's market value can be influenced by many factors that don't directly affect Zhongchao's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zhongchao's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhongchao is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhongchao'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.
Zhongchao '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 Zhongchao'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 Zhongchao.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Zhongchao on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Zhongchao or generate 0.0% return on investment in Zhongchao over 450 days. Zhongchao is related to or competes with Healthcare Triangle, FOXO Technologies, and Mangoceuticals, Common. Zhongchao Inc. provides healthcare information, education, and training services in the Peoples Republic of China More
Zhongchao 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 Zhongchao'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 Zhongchao upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.26 | |||
| Information Ratio | 0.0182 | |||
| Maximum Drawdown | 94.79 | |||
| Value At Risk | (9.72) | |||
| Potential Upside | 8.13 |
Zhongchao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhongchao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhongchao's standard deviation. In reality, there are many statistical measures that can use Zhongchao historical prices to predict the future Zhongchao's volatility.| Risk Adjusted Performance | 0.0321 | |||
| Jensen Alpha | 0.3509 | |||
| Total Risk Alpha | (1.45) | |||
| Sortino Ratio | 0.0388 | |||
| Treynor Ratio | (1.50) |
Zhongchao Backtested Returns
Zhongchao appears to be out of control, given 3 months investment horizon. Zhongchao shows Sharpe Ratio of 0.0256, which attests that the company had a 0.0256% 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 Mean Deviation of 5.05, market risk adjusted performance of (1.49), and Downside Deviation of 5.26 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhongchao holds a performance score of 2. The firm maintains a market beta of -0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zhongchao are expected to decrease at a much lower rate. During the bear market, Zhongchao is likely to outperform the market. Please check Zhongchao's daily balance of power, price action indicator, as well as the relationship between the expected short fall and value at risk , to make a quick decision on whether Zhongchao's historical returns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Zhongchao has very weak reverse predictability. Overlapping area represents the amount of predictability between Zhongchao time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Zhongchao price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Zhongchao price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Zhongchao lagged returns against current returns
Autocorrelation, which is Zhongchao 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 Zhongchao's stock expected returns. We can calculate the autocorrelation of Zhongchao returns to help us make a trade decision. For example, suppose you find that Zhongchao 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 |
Zhongchao 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 Zhongchao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhongchao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhongchao stock over time.
Current vs Lagged Prices |
| Timeline |
Zhongchao Lagged Returns
When evaluating Zhongchao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhongchao stock have on its future price. Zhongchao 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, Zhongchao autocorrelation shows the relationship between Zhongchao stock current value and its past values and can show if there is a momentum factor associated with investing in Zhongchao.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Zhongchao is a strong investment it is important to analyze Zhongchao's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Zhongchao's future performance. For an informed investment choice regarding Zhongchao Stock, refer to the following important reports:Check out Zhongchao Correlation, Zhongchao Volatility and Zhongchao Alpha and Beta module to complement your research on Zhongchao. For information on how to trade Zhongchao Stock refer to our How to Trade Zhongchao Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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.