Western Metal (China) Price on May 6, 2024
| 002149 Stock | 15.97 0.21 1.30% |
Below is the normalized historical share price chart for Western Metal Materials extending back to August 10, 2007. 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 Metal stands at 15.97, as last reported on the 4th of December, with the highest price reaching 16.47 and the lowest price hitting 15.93 during the day.
If you're considering investing in Western Stock, it is important to understand the factors that can impact its price. Western Metal appears to be not too volatile, given 3 months investment horizon. Western Metal Materials shows Sharpe Ratio of 0.15, which attests that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Western Metal Materials, which you can use to evaluate the volatility of the company. Please utilize Western Metal's Mean Deviation of 2.5, downside deviation of 2.63, and Market Risk Adjusted Performance of (0.58) to validate if our risk estimates are consistent with your expectations.
At present, Western Metal's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 589.5 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 497.6 M. . Western Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 13th of August 2007 | 200 Day MA 14.2492 | 50 Day MA 15.4764 | Beta 0.746 |
Western |
Sharpe Ratio = 0.1488
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Estimated Market Risk
| 3.12 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.46 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Western Metal is performing at about 11% 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 Metal by adding it to a well-diversified portfolio.
Price Book 2.6776 | Enterprise Value Ebitda 32.0586 | Price Sales 2.5499 | Shares Float 316.2 M | Dividend Share 0.25 |
Western Metal Valuation on May 6, 2024
It is possible to determine the worth of Western Metal on a given historical date. On May 6, 2024 Western was worth 14.19 at the beginning of the trading date compared to the closed value of 14.72. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Western Metal stock. Still, in general, we apply an absolute valuation method to find Western Metal'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 Metal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Western Metal's related companies.
| Open | High | Low | Close | Volume | |
| 14.66 | 14.66 | 13.89 | 14.01 | 8,447,037 | |
05/06/2024 | 14.19 | 14.84 | 14.07 | 14.72 | 12,774,040 |
| 14.72 | 14.97 | 14.64 | 14.93 | 6,675,360 |
| Backtest Western Metal | | | Western Metal History | | | Western Metal Valuation | Previous | Next |
Western Metal Trading Date Momentum on May 6, 2024
| On May 07 2024 Western Metal Materials was traded for 14.93 at the closing time. The highest price during the trading period was 14.97 and the lowest recorded bid was listed for 14.64 . The volume for the day was 6.7 M. This history from May 7, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 1.43% . The trading price change to the current price is 0.68% . |
Western Metal Materials Fundamentals Correlations and Trends
By evaluating Western Metal'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 Metal'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 Metal Stock history
Western Metal 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 Metal 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 Western Metal stock prices may prove useful in developing a viable investing in Western Metal
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 561.4 M | 497.6 M | |
| Net Income Applicable To Common Shares | 153 M | 160.7 M |
Western Metal Quarterly Net Working Capital |
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Western Metal Stock Technical Analysis
Western Metal 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 Metal Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Western Metal 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.
Western Metal December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Western Metal 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 Metal shares will generate the highest return on investment. By undertsting and applying Western Metal stock market strength indicators, traders can identify Western Metal Materials entry and exit signals to maximize returns
Western Metal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Western Metal'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 | 0.1212 | |||
| Jensen Alpha | 0.5416 | |||
| Total Risk Alpha | 0.0325 | |||
| Sortino Ratio | 0.136 | |||
| Treynor Ratio | (0.59) |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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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