Western Superconducting (China) Price on October 16, 2024
| 688122 Stock | 44.47 0.19 0.43% |
Below is the normalized historical share price chart for Western Superconducting Tech extending back to July 22, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Western Superconducting stands at 44.47, as last reported on the 11th of December 2024, with the highest price reaching 45.78 and the lowest price hitting 44.47 during the day.
If you're considering investing in Western Stock, it is important to understand the factors that can impact its price. Western Superconducting appears to be not too volatile, given 3 months investment horizon. Western Superconducting shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. By examining Western Superconducting's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Western Superconducting's Mean Deviation of 2.53, market risk adjusted performance of (0.53), and Downside Deviation of 2.98 to validate if our risk estimates are consistent with your expectations.
The current year's Other Stockholder Equity is expected to grow to about 14.7 M, whereas Total Stockholder Equity is forecasted to decline to about 4 B. . Western Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 40.3819 | 50 Day MA 46.5326 | Beta 0.492 |
Western |
Sharpe Ratio = 0.1263
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 688122 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.29 actual daily | 38 62% of assets are more volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average Western Superconducting is performing at about 9% 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 Western Superconducting by adding it to a well-diversified portfolio.
Price Book 4.4094 | Enterprise Value Ebitda 29.898 | Price Sales 6.7806 | Shares Float 374.3 M | Wall Street Target Price 53.67 |
Western Superconducting Valuation on October 16, 2024
It is possible to determine the worth of Western Superconducting on a given historical date. On October 16, 2024 Western was worth 45.6 at the beginning of the trading date compared to the closed value of 46.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Western Superconducting stock. Still, in general, we apply an absolute valuation method to find Western Superconducting'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 Western Superconducting where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Western Superconducting's related companies.
| Open | High | Low | Close | Volume | |
| 46.03 | 48.05 | 45.18 | 45.98 | 11,036,474 | |
10/16/2024 | 45.60 | 47.32 | 45.01 | 46.02 | 7,584,050 |
| 46.45 | 47.80 | 46.12 | 46.45 | 8,357,278 |
| Backtest Western Superconducting | | | Western Superconducting History | | | Western Superconducting Valuation | Previous | Next |
Western Superconducting Trading Date Momentum on October 16, 2024
| On October 17 2024 Western Superconducting Tech was traded for 46.45 at the closing time. The highest price during the trading period was 47.80 and the lowest recorded bid was listed for 46.12 . The volume for the day was 8.4 M. This history from October 17, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 0.93% . The trading price change to the current price is 9.93% . |
Western Superconducting Fundamentals Correlations and Trends
By evaluating Western Superconducting'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 Western Superconducting's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Western financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Western Superconducting Stock history
Western Superconducting 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 Western is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Western Superconducting 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 Western Superconducting stock prices may prove useful in developing a viable investing in Western Superconducting
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 649.7 M | 507.8 M | |
| Net Income Applicable To Common Shares | 1.2 B | 1.3 B |
Western Superconducting Quarterly Net Working Capital |
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Western Superconducting Stock Technical Analysis
Western Superconducting 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
Western Superconducting Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Western Superconducting Tech cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai 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.
Western Superconducting December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Western Superconducting stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Western Superconducting shares will generate the highest return on investment. By undertsting and applying Western Superconducting stock market strength indicators, traders can identify Western Superconducting Tech entry and exit signals to maximize returns
Western Superconducting Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Western Superconducting's price direction in advance. Along with the technical and fundamental analysis of Western Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Western 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 | 0.0793 | |||
| Jensen Alpha | 0.4708 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0918 | |||
| Treynor Ratio | (0.54) |
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Western Stock analysis
When running Western Superconducting's price analysis, check to measure Western Superconducting'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 Western Superconducting is operating at the current time. Most of Western Superconducting's value examination focuses on studying past and present price action to predict the probability of Western Superconducting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Superconducting's price. Additionally, you may evaluate how the addition of Western Superconducting to your portfolios can decrease your overall portfolio volatility.
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