Shandong Weigao Group Stock Price on October 17, 2024
| SHWGY Stock | USD 2.27 0.04 1.79% |
If you're considering investing in Shandong Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Shandong Weigao stands at 2.27, as last reported on the 1st of December, with the highest price reaching 2.27 and the lowest price hitting 2.27 during the day. Shandong Weigao appears to be dangerous, given 3 months investment horizon. Shandong Weigao Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0614, which indicates the firm had a 0.0614% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Shandong Weigao Group, which you can use to evaluate the volatility of the company. Please review Shandong Weigao's Coefficient Of Variation of 2142.4, risk adjusted performance of 0.0442, and Semi Deviation of 4.51 to confirm if our risk estimates are consistent with your expectations.
Shandong Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Shandong |
Sharpe Ratio = 0.0614
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Estimated Market Risk
| 4.96 actual daily | 44 56% of assets are more volatile |
Expected Return
| 0.3 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Shandong Weigao is performing at about 4% 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 Shandong Weigao by adding it to a well-diversified portfolio.
Related Headline
Utah Medical Headline on 17th of October 2024
Acquisition by Brian Koopman of 500 shares of Utah Medical a... by Brian Koopman
Filed transaction by Utah Medical Products Officer Principal Financial Officer. Grant, award or other acquisition pursuant to Rule 16b-3
Shandong Weigao Valuation on October 17, 2024
It is possible to determine the worth of Shandong Weigao on a given historical date. On October 17, 2024 Shandong was worth 2.51 at the beginning of the trading date compared to the closed value of 2.51. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shandong Weigao pink sheet. Still, in general, we apply an absolute valuation method to find Shandong Weigao'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 Shandong Weigao where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shandong Weigao's related companies.
| Open | High | Low | Close | Volume | |
| 2.49 | 2.49 | 2.49 | 2.49 | 1,353 | |
10/17/2024 | 2.51 | 2.51 | 2.51 | 2.51 | 19.00 |
| 2.56 | 2.56 | 2.56 | 2.56 | 1.00 |
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Shandong Weigao Trading Date Momentum on October 17, 2024
| On October 18 2024 Shandong Weigao Group was traded for 2.56 at the closing time. The highest daily price throughout the period was 2.56 and the lowest price was 2.56 . There was no trading activity during the period 1.0. Lack of trading volume on 10/18/2024 added to the next day price jump. The trading price change to closing price of the next trading day was 1.99% . The trading price change to current closing price is 1.99% . |
Shandong Weigao Group Fundamentals Correlations and Trends
By evaluating Shandong Weigao'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 Shandong Weigao's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shandong financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shandong Weigao Pink Sheet history
Shandong Weigao 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 Shandong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shandong Weigao Group 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 Shandong Weigao stock prices may prove useful in developing a viable investing in Shandong Weigao
Shandong Weigao Group Medical Polymer Company Limited engages in the research and development, production, and sale of single-use medical devices in the Peoples Republic of China. The company was incorporated in 2000 and is based in Weihai, the Peoples Republic of China. Shandong Weigao operates under Medical Instruments Supplies classification in the United States and is traded on OTC Exchange. It employs 11476 people.
Shandong Weigao Pink Sheet Technical Analysis
Shandong Weigao technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Shandong Weigao Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Shandong Weigao Group cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
Shandong Weigao December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Shandong Weigao pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shandong Weigao shares will generate the highest return on investment. By undertsting and applying Shandong Weigao pink sheet market strength indicators, traders can identify Shandong Weigao Group entry and exit signals to maximize returns
Shandong Weigao Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shandong Weigao's price direction in advance. Along with the technical and fundamental analysis of Shandong Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shandong 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 | 0.0442 | |||
| Jensen Alpha | 0.5037 | |||
| Total Risk Alpha | (0.63) | |||
| Sortino Ratio | 0.0156 | |||
| Treynor Ratio | (0.11) |
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Additional Tools for Shandong Pink Sheet Analysis
When running Shandong Weigao's price analysis, check to measure Shandong Weigao'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 Shandong Weigao is operating at the current time. Most of Shandong Weigao's value examination focuses on studying past and present price action to predict the probability of Shandong Weigao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shandong Weigao's price. Additionally, you may evaluate how the addition of Shandong Weigao to your portfolios can decrease your overall portfolio volatility.