Zhejiang Weixing (China) Price on June 12, 2023
| 002372 Stock | 12.99 0.72 5.87% |
Below is the normalized historical share price chart for Zhejiang Weixing New extending back to March 18, 2010. 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 Zhejiang Weixing stands at 12.99, as last reported on the 28th of November, with the highest price reaching 13.00 and the lowest price hitting 12.21 during the day.
If you're considering investing in Zhejiang Stock, it is important to understand the factors that can impact its price. Zhejiang Weixing appears to be somewhat reliable, given 3 months investment horizon. Zhejiang Weixing New shows Sharpe Ratio of 0.0648, which attests that the company had a 0.0648% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Zhejiang Weixing New, which you can use to evaluate the volatility of the company. Please utilize Zhejiang Weixing's Market Risk Adjusted Performance of 0.0713, standard deviation of 3.53, and Mean Deviation of 2.41 to validate if our risk estimates are consistent with your expectations.
At present, Zhejiang Weixing's Common Stock is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Shares Outstanding is expected to grow to about 1.7 B, whereas Total Stockholder Equity is forecasted to decline to about 3 B. . Zhejiang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 18th of March 2010 | 200 Day MA 14.8532 | 50 Day MA 13.405 | Beta 0.675 |
Zhejiang |
Sharpe Ratio = 0.0648
| Best Portfolio | Best Equity | |||
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| Average Returns | ||||
| Small Returns | 002372 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.63 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 5 95% of assets perform better |
Based on monthly moving average Zhejiang Weixing is performing at about 5% 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 Zhejiang Weixing by adding it to a well-diversified portfolio.
Price Book 4.0996 | Enterprise Value Ebitda 12.0669 | Price Sales 3.1568 | Shares Float 544.9 M | Dividend Share 0.9 |
Zhejiang Weixing Valuation on June 12, 2023
It is possible to determine the worth of Zhejiang Weixing on a given historical date. On June 12, 2023 Zhejiang was worth 20.18 at the beginning of the trading date compared to the closed value of 20.78. 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 | |
| 20.28 | 20.39 | 19.75 | 20.23 | 10,397,947 | |
06/12/2023 | 20.18 | 20.92 | 19.92 | 20.78 | 11,165,468 |
| 20.78 | 21.14 | 20.47 | 20.69 | 5,945,359 |
| Backtest Zhejiang Weixing | | | Zhejiang Weixing History | | | Zhejiang Weixing Valuation | Previous | Next |
Zhejiang Weixing Trading Date Momentum on June 12, 2023
| On June 13 2023 Zhejiang Weixing New was traded for 20.69 at the closing time. The highest price during the trading period was 21.14 and the lowest recorded bid was listed for 20.47 . The volume for the day was 5.9 M. This history from June 13, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.43% . The trading date delta to the current price is 5.82% . |
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
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.6 B | 1.7 B | |
| Net Income Applicable To Common Shares | 1.5 B | 1.6 B |
Zhejiang Weixing Quarterly Net Working Capital |
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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.
Price Boundaries
Zhejiang Weixing Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
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 November 28, 2024 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.
| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0509 | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.0613 |
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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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