Zhejiang Weixing (China) Price on June 7, 2023

002372 Stock   11.50  0.17  1.46%   
If you're considering investing in Zhejiang Stock, it is important to understand the factors that can impact its price. As of today, the current price of Zhejiang Weixing stands at 11.50, as last reported on the 26th of February, with the highest price reaching 11.66 and the lowest price hitting 11.49 during the day. Zhejiang Weixing New shows Sharpe Ratio of -0.13, which attests that the company had a -0.13 % return per unit of risk over the last 3 months. Zhejiang Weixing New exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhejiang Weixing's Mean Deviation of 1.08, market risk adjusted performance of 1.69, and Standard Deviation of 1.38 to validate the risk estimate we provide.
  
Zhejiang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.128

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Estimated Market Risk

 1.38
  actual daily
12
88% of assets are more volatile

Expected Return

 -0.18
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.13
  actual daily
0
Most of other assets perform better
Based on monthly moving average Zhejiang Weixing is not performing at its full potential. However, 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 Zhejiang Weixing by adding Zhejiang Weixing to a well-diversified portfolio.

Zhejiang Weixing Valuation on June 7, 2023

It is possible to determine the worth of Zhejiang Weixing on a given historical date. On June 7, 2023 Zhejiang was worth 19.59 at the beginning of the trading date compared to the closed value of 19.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zhejiang Weixing stock. Still, in general, we apply an absolute valuation method to find Zhejiang Weixing'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 Zhejiang Weixing where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zhejiang Weixing's related companies.
 Open High Low Close Volume
  19.23    20.01    18.94    19.69    8,249,035  
06/07/2023
  19.59    20.20    19.40    19.63    7,028,511  
  19.63    20.26    19.29    20.20    9,747,182  
Backtest Zhejiang Weixing  |  Zhejiang Weixing History  |  Zhejiang Weixing Valuation   PreviousNext  
Open Value
19.59
19.63
Closing Value
23.72
Upside

Zhejiang Weixing Trading Date Momentum on June 7, 2023

On June 08 2023 Zhejiang Weixing New was traded for  20.20  at the closing time. The highest price during the trading period was 20.26  and the lowest recorded bid was listed for  19.29 . The volume for the day was 9.7 M. This history from June 8, 2023 contributed to the next trading day price jump. The daily price change to the next closing price was 2.90% . The trading date delta to the current price is 3.67% .

Zhejiang Weixing New Fundamentals Correlations and Trends

By evaluating Zhejiang Weixing'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 Zhejiang Weixing's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Zhejiang financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Zhejiang Weixing Stock history

Zhejiang Weixing 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 Zhejiang is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Zhejiang Weixing New 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 Zhejiang Weixing stock prices may prove useful in developing a viable investing in Zhejiang Weixing

Zhejiang Weixing Stock Technical Analysis

Zhejiang Weixing 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.
A focus of Zhejiang Weixing technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Zhejiang Weixing trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Zhejiang Weixing Period Price Range

Low
February 26, 2025
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High

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Zhejiang Weixing New 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.

Zhejiang Weixing February 26, 2025 Market Strength

Market strength indicators help investors to evaluate how Zhejiang Weixing stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zhejiang Weixing shares will generate the highest return on investment. By undertsting and applying Zhejiang Weixing stock market strength indicators, traders can identify Zhejiang Weixing New entry and exit signals to maximize returns

Zhejiang Weixing Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Zhejiang Weixing's price direction in advance. Along with the technical and fundamental analysis of Zhejiang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Zhejiang 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.

Complementary Tools for Zhejiang Stock analysis

When running Zhejiang Weixing's price analysis, check to measure Zhejiang Weixing'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 Zhejiang Weixing is operating at the current time. Most of Zhejiang Weixing's value examination focuses on studying past and present price action to predict the probability of Zhejiang Weixing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zhejiang Weixing's price. Additionally, you may evaluate how the addition of Zhejiang Weixing to your portfolios can decrease your overall portfolio volatility.
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