Zhejiang Tongxing (China) Performance
| 301252 Stock | 29.53 0.15 0.51% |
On a scale of 0 to 100, Zhejiang Tongxing holds a performance score of 10. The firm maintains a market beta of -0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zhejiang Tongxing are expected to decrease at a much lower rate. During the bear market, Zhejiang Tongxing is likely to outperform the market. Please check Zhejiang Tongxing's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Zhejiang Tongxing's historical returns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Zhejiang Tongxing Technology are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Zhejiang Tongxing sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
Forward Dividend Yield 0.0249 | Payout Ratio 0.7119 | Last Split Factor 1.45:1 | Forward Dividend Rate 0.75 | Ex Dividend Date 2024-05-21 |
1 | Is Weakness In Zhejiang Tongxing Technology CO., Ltd. Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects - Simply Wall St | 09/27/2024 |
Zhejiang |
Zhejiang Tongxing Relative Risk vs. Return Landscape
If you would invest 2,291 in Zhejiang Tongxing Technology on September 12, 2024 and sell it today you would earn a total of 662.00 from holding Zhejiang Tongxing Technology or generate 28.9% return on investment over 90 days. Zhejiang Tongxing Technology is generating 0.5254% of daily returns and assumes 4.0131% volatility on return distribution over the 90 days horizon. Simply put, 35% of stocks are less volatile than Zhejiang, and 90% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Zhejiang Tongxing Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Tongxing's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Zhejiang Tongxing Technology, and traders can use it to determine the average amount a Zhejiang Tongxing'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 = 0.1309
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| Small Returns | 301252 | |||
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Estimated Market Risk
| 4.01 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.53 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Zhejiang Tongxing is performing at about 10% 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 Tongxing by adding it to a well-diversified portfolio.
Zhejiang Tongxing Fundamentals Growth
Zhejiang Stock prices reflect investors' perceptions of the future prospects and financial health of Zhejiang Tongxing, and Zhejiang Tongxing 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 | 0.11 | |||
| Return On Asset | 0.0435 | |||
| Profit Margin | 0.11 % | |||
| Operating Margin | 0.11 % | |||
| Current Valuation | 3.02 B | |||
| Shares Outstanding | 116 M | |||
| Price To Book | 2.93 X | |||
| Price To Sales | 3.22 X | |||
| Revenue | 1.06 B | |||
| EBITDA | 135.98 M | |||
| Book Value Per Share | 10.28 X | |||
| Earnings Per Share | 0.60 X | |||
About Zhejiang Tongxing Performance
By analyzing Zhejiang Tongxing's fundamental ratios, stakeholders can gain valuable insights into Zhejiang Tongxing's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Zhejiang Tongxing 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 Tongxing has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Zhejiang Tongxing is entity of China. It is traded as Stock on SHE exchange.Things to note about Zhejiang Tongxing performance evaluation
Checking the ongoing alerts about Zhejiang Tongxing for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Zhejiang Tongxing help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Zhejiang Tongxing appears to be risky and price may revert if volatility continues | |
| About 77.0% of the company shares are owned by insiders or employees |
- Analyzing Zhejiang Tongxing'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 Tongxing's stock is overvalued or undervalued compared to its peers.
- Examining Zhejiang Tongxing'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 Tongxing's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Zhejiang Tongxing's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Zhejiang Tongxing's stock. These opinions can provide insight into Zhejiang Tongxing's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Zhejiang Stock analysis
When running Zhejiang Tongxing's price analysis, check to measure Zhejiang Tongxing'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 Tongxing is operating at the current time. Most of Zhejiang Tongxing's value examination focuses on studying past and present price action to predict the probability of Zhejiang Tongxing'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 Tongxing's price. Additionally, you may evaluate how the addition of Zhejiang Tongxing to your portfolios can decrease your overall portfolio volatility.
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