Wankai New (China) Price on January 16, 2024

301216 Stock   9.71  0.03  0.31%   
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 9.71, as last reported on the 10th of January, with the highest price reaching 9.76 and the lowest price hitting 9.64 during the day. Wankai New Materials shows Sharpe Ratio of -0.0994, which attests that the company had a -0.0994% return per unit of risk over the last 3 months. Wankai New Materials exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wankai New's Mean Deviation of 1.32, market risk adjusted performance of (0.68), and Standard Deviation of 1.71 to validate the risk estimate we provide.
  
Wankai Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0994

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative Returns301216

Estimated Market Risk

 1.71
  actual daily
15
85% of assets are more volatile

Expected Return

 -0.17
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.1
  actual daily
0
Most of other assets perform better
Based on monthly moving average Wankai New is not performing at its full potential. However, 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 Wankai New to a well-diversified portfolio.

Wankai New Valuation on January 16, 2024

It is possible to determine the worth of Wankai New on a given historical date. On January 16, 2024 Wankai was worth 13.66 at the beginning of the trading date compared to the closed value of 13.72. 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
  13.81    13.98    13.69    13.69    3,444,550  
01/16/2024
  13.66    13.78    13.54    13.72    2,401,975  
  13.68    13.69    13.38    13.39    2,352,500  
Backtest Wankai New  |  Wankai New History  |  Wankai New Valuation   PreviousNext  
Open Value
13.66
13.72
Closing Value
18.80
Upside

Wankai New Trading Date Momentum on January 16, 2024

On January 17 2024 Wankai New Materials was traded for  13.39  at the closing time. The highest price during the trading period was 13.69  and the lowest recorded bid was listed for  13.38 . The volume for the day was 2.4 M. This history from January 17, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.41% . The trading price change to the current price is 7.80% .

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

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.
A focus of Wankai New technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Wankai New trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Wankai New Period Price Range

Low
January 10, 2025
0.00  NaN%
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 January 10, 2025 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.

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.
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
CEOs Directory
Screen CEOs from public companies around the world
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency