Weichai Heavy (China) Price on September 3, 2024
| 000880 Stock | 11.84 0.94 7.36% |
Below is the normalized historical share price chart for Weichai Heavy Machinery extending back to April 02, 1998. 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 Weichai Heavy stands at 11.84, as last reported on the 23rd of November, with the highest price reaching 13.00 and the lowest price hitting 11.78 during the day.
If you're considering investing in Weichai Stock, it is important to understand the factors that can impact its price. Weichai Heavy appears to be somewhat reliable, given 3 months investment horizon. Weichai Heavy Machinery shows Sharpe Ratio of 0.16, which attests that the company had a 0.16% return per unit of risk over the last 3 months. By examining Weichai Heavy's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Weichai Heavy's Downside Deviation of 4.0, mean deviation of 2.8, and Market Risk Adjusted Performance of (0.26) to validate if our risk estimates are consistent with your expectations.
At present, Weichai Heavy's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 5.7 B, whereas Other Stockholder Equity is forecasted to decline to about 204.9 M. . Weichai Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 3rd of March 1998 | 200 Day MA 8.9856 | 50 Day MA 10.1494 | Beta 0.237 |
Weichai |
Sharpe Ratio = 0.1615
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| Small Returns | 000880 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.94 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.64 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Weichai Heavy is performing at about 12% 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 Weichai Heavy by adding it to a well-diversified portfolio.
Price Book 2.1533 | Enterprise Value Ebitda 27.5471 | Price Sales 1.1031 | Shares Float 146.1 M | Dividend Share 0.18 |
Weichai Heavy Valuation on September 3, 2024
It is possible to determine the worth of Weichai Heavy on a given historical date. On September 3, 2024 Weichai was worth 8.62 at the beginning of the trading date compared to the closed value of 8.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Weichai Heavy stock. Still, in general, we apply an absolute valuation method to find Weichai Heavy'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 Weichai Heavy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Weichai Heavy's related companies.
| Open | High | Low | Close | Volume | |
| 8.68 | 8.82 | 8.39 | 8.40 | 12,863,134 | |
09/03/2024 | 8.62 | 8.69 | 8.45 | 8.61 | 12,979,990 |
| 8.55 | 8.68 | 8.40 | 8.51 | 9,773,400 |
| Backtest Weichai Heavy | | | Weichai Heavy History | | | Weichai Heavy Valuation | Previous | Next |
Weichai Heavy Trading Date Momentum on September 3, 2024
| On September 04 2024 Weichai Heavy Machinery was traded for 8.51 at the closing time. The highest price during the trading period was 8.68 and the lowest recorded bid was listed for 8.40 . The volume for the day was 9.8 M. This history from September 4, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.16% . The trading price change to the current price is 0.70% . |
Weichai Heavy Machinery Fundamentals Correlations and Trends
By evaluating Weichai Heavy'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 Weichai Heavy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Weichai financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Weichai Heavy Stock history
Weichai Heavy 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 Weichai is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Weichai Heavy Machinery 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 Weichai Heavy stock prices may prove useful in developing a viable investing in Weichai Heavy
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 298.2 M | 265.1 M | |
| Net Income Applicable To Common Shares | 157.3 M | 85.7 M |
Weichai Heavy Stock Technical Analysis
Weichai Heavy 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
Weichai Heavy Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Weichai Heavy Machinery cannot be verified against its exchange. Please verify the symbol is currently traded on Shenzhen 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.
Weichai Heavy November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Weichai Heavy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Weichai Heavy shares will generate the highest return on investment. By undertsting and applying Weichai Heavy stock market strength indicators, traders can identify Weichai Heavy Machinery entry and exit signals to maximize returns
Weichai Heavy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Weichai Heavy's price direction in advance. Along with the technical and fundamental analysis of Weichai Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Weichai 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 | 0.0628 | |||
| Jensen Alpha | 0.3793 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0444 | |||
| Treynor Ratio | (0.27) |
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| Volume Indicators |
Complementary Tools for Weichai Stock analysis
When running Weichai Heavy's price analysis, check to measure Weichai Heavy'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 Weichai Heavy is operating at the current time. Most of Weichai Heavy's value examination focuses on studying past and present price action to predict the probability of Weichai Heavy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weichai Heavy's price. Additionally, you may evaluate how the addition of Weichai Heavy to your portfolios can decrease your overall portfolio volatility.
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