Zhejiang Weixing (China) Performance
| 002372 Stock | 12.67 0.51 3.87% |
Zhejiang Weixing has a performance score of 4 on a scale of 0 to 100. The firm maintains a market beta of -0.81, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhejiang Weixing are expected to decrease at a much lower rate. During the bear market, Zhejiang Weixing is likely to outperform the market. Zhejiang Weixing New right now maintains a risk of 3.48%. Please check out Zhejiang Weixing New standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Zhejiang Weixing New will be following its historical returns.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Zhejiang Weixing New are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Zhejiang Weixing may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
Forward Dividend Yield 0.071 | Payout Ratio 1.2 | Last Split Factor 1.2:1 | Forward Dividend Rate 0.9 | Ex Dividend Date 2024-09-26 |
1 | Results Zhejiang Weixing New Building Materials Co., Ltd. Beat Earnings Expectations And Analysts Now Have New Forecasts - Simply Wall St | 08/26/2024 |
2 | Do Zhejiang Weixing Industrial Developments Earnings Warrant Your Attention - Simply Wall St | 11/14/2024 |
| Begin Period Cash Flow | 3 B |
Zhejiang |
Zhejiang Weixing Relative Risk vs. Return Landscape
If you would invest 1,180 in Zhejiang Weixing New on August 26, 2024 and sell it today you would earn a total of 87.00 from holding Zhejiang Weixing New or generate 7.37% return on investment over 90 days. Zhejiang Weixing New is generating 0.1793% of daily returns and assumes 3.4821% volatility on return distribution over the 90 days horizon. Simply put, 31% of stocks are less volatile than Zhejiang, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Zhejiang Weixing Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Weixing's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Zhejiang Weixing New, and traders can use it to determine the average amount a Zhejiang Weixing's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0515
| Best Portfolio | Best Equity | |||
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| Small Returns | 002372 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.48 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Zhejiang Weixing 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 Zhejiang Weixing by adding it to a well-diversified portfolio.
Zhejiang Weixing Fundamentals Growth
Zhejiang Stock prices reflect investors' perceptions of the future prospects and financial health of Zhejiang Weixing, and Zhejiang Weixing fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Zhejiang Stock performance.
| Return On Equity | 0.23 | ||||
| Return On Asset | 0.12 | ||||
| Profit Margin | 0.18 % | ||||
| Operating Margin | 0.24 % | ||||
| Current Valuation | 17.94 B | ||||
| Shares Outstanding | 1.59 B | ||||
| Price To Book | 4.23 X | ||||
| Price To Sales | 3.15 X | ||||
| Revenue | 6.38 B | ||||
| Gross Profit | 2.71 B | ||||
| EBITDA | 1.46 B | ||||
| Net Income | 1.43 B | ||||
| Total Debt | 1.35 M | ||||
| Book Value Per Share | 3.03 X | ||||
| Cash Flow From Operations | 1.37 B | ||||
| Earnings Per Share | 0.75 X | ||||
| Total Asset | 7.29 B | ||||
| Retained Earnings | 3 B | ||||
About Zhejiang Weixing Performance
By analyzing Zhejiang Weixing's fundamental ratios, stakeholders can gain valuable insights into Zhejiang Weixing's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Zhejiang Weixing has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Zhejiang Weixing has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Zhejiang Weixing is entity of China. It is traded as Stock on SHE exchange.Things to note about Zhejiang Weixing New performance evaluation
Checking the ongoing alerts about Zhejiang Weixing for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Zhejiang Weixing New help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Zhejiang Weixing New had very high historical volatility over the last 90 days | |
| About 64.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Do Zhejiang Weixing Industrial Developments Earnings Warrant Your Attention - Simply Wall St |
- Analyzing Zhejiang Weixing's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Zhejiang Weixing's stock is overvalued or undervalued compared to its peers.
- Examining Zhejiang Weixing's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Zhejiang Weixing's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Zhejiang Weixing's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Zhejiang Weixing's stock. These opinions can provide insight into Zhejiang Weixing's potential for growth and whether the stock is currently undervalued or overvalued.
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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