Western Metal Materials Co., Ltd. On An Uptrend Could Fundamentals Be Driving The Stock - Simply Wall St

002149 Stock   16.12  0.31  1.89%   
About 61% of Western Metal's investor base is looking to short. The current sentiment regarding investing in Western Metal Materials stock implies that many traders are alarmed. The current market sentiment, together with Western Metal's historical and current headlines, can help investors time the market. In addition, many technical investors use Western Metal Materials stock news signals to limit their universe of possible portfolio assets.
  
Western Metal Materials Co., Ltd. On An Uptrend Could Fundamentals Be Driving The Stock Simply Wall St

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Western Metal Fundamental Analysis

We analyze Western Metal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Western Metal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Western Metal based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Book Value Per Share

Book Value Per Share Comparative Analysis

Western Metal is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.

Western Metal Materials Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Western Metal stock to make a market-neutral strategy. Peer analysis of Western Metal could also be used in its relative valuation, which is a method of valuing Western Metal by comparing valuation metrics with similar companies.

Peers

Western Metal Related Equities

600019Baoshan Iron   0.30   
0%
19.0%
603260Hoshine Silicon   0.33   
21.0%
0%
002460Jiangxi Ganfeng   0.36   
23.0%
0%
600309Wanhua Chemical   0.77   
50.0%
0%
600160Zhejiang Juhua   0.90   
58.0%
0%
002493Rongsheng Petrochemical   0.93   
60.0%
0%
000807Yunnan Aluminium   0.96   
62.0%
0%
601899Zijin Mining   0.96   
62.0%
0%
600547Shandong Gold   1.14   
74.0%
0%
600010Inner Mongolia   1.53   
100.0%
0%

Complementary Tools for Western Stock analysis

When running Western Metal's price analysis, check to measure Western Metal'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 Metal is operating at the current time. Most of Western Metal's value examination focuses on studying past and present price action to predict the probability of Western Metal'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 Metal's price. Additionally, you may evaluate how the addition of Western Metal to your portfolios can decrease your overall portfolio volatility.
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