The Weir Group Stock Price on July 9, 2024
If you're considering investing in Weir Pink Sheet, it is important to understand the factors that can impact its price. At this point, Weir is very steady. Weir Group shows Sharpe Ratio of 0.0606, which attests that the company had a 0.0606% return per unit of risk over the last 3 months. We have found fourteen technical indicators for Weir Group, which you can use to evaluate the volatility of the company. Please check out Weir's Standard Deviation of 1.95, market risk adjusted performance of 1.61, and Mean Deviation of 0.621 to validate if the risk estimate we provide is consistent with the expected return of 0.12%.
Weir Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Weir |
Sharpe Ratio = 0.0606
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Estimated Market Risk
| 1.95 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Weir 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 Weir by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Weir Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Weir December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Weir 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 Weir shares will generate the highest return on investment. By undertsting and applying Weir pink sheet market strength indicators, traders can identify The Weir Group entry and exit signals to maximize returns
Weir Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Weir's price direction in advance. Along with the technical and fundamental analysis of Weir Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Weir 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 | 0.05 | |||
| Jensen Alpha | 0.1005 | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 1.6 |
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Complementary Tools for Weir Pink Sheet analysis
When running Weir's price analysis, check to measure Weir'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 Weir is operating at the current time. Most of Weir's value examination focuses on studying past and present price action to predict the probability of Weir's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weir's price. Additionally, you may evaluate how the addition of Weir to your portfolios can decrease your overall portfolio volatility.
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