Western Mining (China) Price on November 28, 2023

601168 Stock   16.65  0.14  0.83%   
Below is the normalized historical share price chart for Western Mining Co extending back to July 12, 2007. 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 Western Mining stands at 16.65, as last reported on the 29th of November, with the highest price reaching 16.77 and the lowest price hitting 16.52 during the day.
IPO Date
18th of July 2007
200 Day MA
17.6164
50 Day MA
17.3658
Beta
1.183
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Western Stock, it is important to understand the factors that can impact its price. At this point, Western Mining is not too volatile. Western Mining shows Sharpe Ratio of 0.0735, which attests that the company had a 0.0735% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Western Mining, which you can use to evaluate the volatility of the company. Please check out Western Mining's Market Risk Adjusted Performance of (0.15), downside deviation of 2.12, and Mean Deviation of 1.82 to validate if the risk estimate we provide is consistent with the expected return of 0.19%.
  
As of November 29, 2024, Total Stockholder Equity is expected to decline to about 11.1 B. In addition to that, Common Stock is expected to decline to about 2.3 B. Western Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0735

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Estimated Market Risk

 2.52
  actual daily
22
78% of assets are more volatile

Expected Return

 0.19
  actual daily
3
97% of assets have higher returns

Risk-Adjusted Return

 0.07
  actual daily
5
95% of assets perform better
Based on monthly moving average Western Mining 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 Western Mining by adding it to a well-diversified portfolio.
Price Book
2.3541
Enterprise Value Ebitda
7.8248
Price Sales
0.8394
Shares Float
1.7 B
Wall Street Target Price
21.67

Western Mining Valuation on November 28, 2023

It is possible to determine the worth of Western Mining on a given historical date. On November 28, 2023 Western was worth 12.72 at the beginning of the trading date compared to the closed value of 12.87. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Western Mining stock. Still, in general, we apply an absolute valuation method to find Western Mining'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 Western Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Western Mining's related companies.
 Open High Low Close Volume
  12.80    12.83    12.62    12.73    15,540,599  
11/28/2023
  12.72    12.88    12.69    12.87    12,548,500  
  12.96    12.99    12.82    12.82    11,983,000  
Backtest Western Mining  |  Western Mining History  |  Western Mining Valuation   PreviousNext  
Open Value
12.72
12.87
Closing Value
20.29
Upside

Western Mining Trading Date Momentum on November 28, 2023

On November 29 2023 Western Mining Co was traded for  12.82  at the closing time. The highest price during the trading period was 12.99  and the lowest recorded bid was listed for  12.82 . The volume for the day was 12 M. This history from November 29, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.39% . The trading price change to the current price is 1.24% .

Western Mining Fundamentals Correlations and Trends

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

About Western Mining Stock history

Western Mining 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 Western is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Western Mining 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 Western Mining stock prices may prove useful in developing a viable investing in Western Mining
Last ReportedProjected for Next Year
Common Stock Shares Outstanding2.1 B1.9 B
Net Income Applicable To Common Shares2.6 B2.8 B

Western Mining Stock Technical Analysis

Western Mining 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 Western Mining technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Western Mining 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

Western Mining Period Price Range

Low
November 29, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Western Mining Co cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai 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.

Western Mining November 29, 2024 Market Strength

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

Western Mining Technical and Predictive Indicators

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

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