Wankai New (China) Price on November 14, 2024
| 301216 Stock | 10.73 0.03 0.28% |
If you're considering investing in Wankai Stock, it is important to understand the factors that can impact its price. As of today, the current price of Wankai New stands at 10.73, as last reported on the 23rd of December, with the highest price reaching 10.82 and the lowest price hitting 10.66 during the day. Wankai New appears to be somewhat reliable, given 3 months investment horizon. Wankai New Materials shows Sharpe Ratio of 0.0787, which attests that the company had a 0.0787% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wankai New Materials, which you can use to evaluate the volatility of the company. Please utilize Wankai New's Market Risk Adjusted Performance of (4.64), mean deviation of 1.91, and Downside Deviation of 2.98 to validate if our risk estimates are consistent with your expectations.
As of December 23, 2024, Total Stockholder Equity is expected to decline to about 3.5 B. In addition to that, Common Stock Shares Outstanding is expected to decline to about 453.3 M. Wankai Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Wankai |
Sharpe Ratio = 0.0787
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| Small Returns | 301216 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.05 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Wankai New is performing at about 6% 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 Wankai New by adding it to a well-diversified portfolio.
Price Book 0.9974 | Enterprise Value Ebitda 23.5284 | Price Sales 0.3071 | Shares Float 251.1 M | Dividend Share 0.15 |
Wankai New Valuation on November 14, 2024
It is possible to determine the worth of Wankai New on a given historical date. On November 14, 2024 Wankai was worth 11.35 at the beginning of the trading date compared to the closed value of 11.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Wankai New stock. Still, in general, we apply an absolute valuation method to find Wankai New'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 Wankai New where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Wankai New's related companies.
| Open | High | Low | Close | Volume | |
| 11.35 | 11.59 | 11.31 | 11.49 | 4,302,223 | |
11/14/2024 | 11.35 | 11.55 | 11.20 | 11.25 | 3,949,200 |
| 11.18 | 11.32 | 11.01 | 11.04 | 4,245,394 |
| Backtest Wankai New | | | Wankai New History | | | Wankai New Valuation | Previous | Next |
Wankai New Trading Date Momentum on November 14, 2024
| On November 15 2024 Wankai New Materials was traded for 11.04 at the closing time. The highest price during the trading period was 11.32 and the lowest recorded bid was listed for 11.01 . The volume for the day was 4.2 M. This history from November 15, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.87% . The trading price change to the current price is 3.20% . |
Wankai New Materials Fundamentals Correlations and Trends
By evaluating Wankai New'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 Wankai New's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Wankai financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Wankai New Stock history
Wankai New 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 Wankai is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Wankai New Materials 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 Wankai New stock prices may prove useful in developing a viable investing in Wankai New
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 592.4 M | 453.3 M |
Wankai New Quarterly Net Working Capital |
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Wankai New Stock Technical Analysis
Wankai New 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.
Price Boundaries
Wankai New Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
Wankai New Materials cannot be verified against its exchange. Please verify the symbol is currently traded on Shenzhen 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.
Wankai New December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Wankai New stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wankai New shares will generate the highest return on investment. By undertsting and applying Wankai New stock market strength indicators, traders can identify Wankai New Materials entry and exit signals to maximize returns
Wankai New Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Wankai New's price direction in advance. Along with the technical and fundamental analysis of Wankai Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Wankai 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 | 0.0691 | |||
| Jensen Alpha | 0.2243 | |||
| Total Risk Alpha | 0.1394 | |||
| Sortino Ratio | 0.0674 | |||
| Treynor Ratio | (4.65) |
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Wankai Stock analysis
When running Wankai New's price analysis, check to measure Wankai New'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 Wankai New is operating at the current time. Most of Wankai New's value examination focuses on studying past and present price action to predict the probability of Wankai New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wankai New's price. Additionally, you may evaluate how the addition of Wankai New to your portfolios can decrease your overall portfolio volatility.
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