Weihai Honglin (China) Price on November 15, 2024
| 301439 Stock | 14.01 0.02 0.14% |
If you're considering investing in Weihai Stock, it is important to understand the factors that can impact its price. As of today, the current price of Weihai Honglin stands at 14.01, as last reported on the 11th of December 2024, with the highest price reaching 14.33 and the lowest price hitting 14.00 during the day. Weihai Honglin appears to be somewhat reliable, given 3 months investment horizon. Weihai Honglin Electronic shows Sharpe Ratio of 0.14, which attests that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Weihai Honglin Electronic, which you can use to evaluate the volatility of the company. Please utilize Weihai Honglin's Downside Deviation of 3.04, mean deviation of 1.97, and Market Risk Adjusted Performance of (1.68) to validate if our risk estimates are consistent with your expectations.
Weihai Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Weihai |
Sharpe Ratio = 0.137
| Best Portfolio | Best Equity | |||
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| Small Returns | 301439 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.45 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.47 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Weihai Honglin is performing at about 10% 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 Weihai Honglin by adding it to a well-diversified portfolio.
Price Book 1.8949 | Enterprise Value Ebitda 22.012 | Price Sales 1.7441 | Shares Float 109.8 M | Dividend Share 0.3 |
Weihai Honglin Valuation on November 15, 2024
It is possible to determine the worth of Weihai Honglin on a given historical date. On November 15, 2024 Weihai was worth 13.8 at the beginning of the trading date compared to the closed value of 13.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Weihai Honglin stock. Still, in general, we apply an absolute valuation method to find Weihai Honglin'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 Weihai Honglin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Weihai Honglin's related companies.
| Open | High | Low | Close | Volume | |
| 14.22 | 14.33 | 13.79 | 13.80 | 3,584,810 | |
11/15/2024 | 13.80 | 13.97 | 13.53 | 13.55 | 2,828,594 |
| 13.60 | 13.69 | 13.23 | 13.35 | 3,084,400 |
| Backtest Weihai Honglin | | | Weihai Honglin History | | | Weihai Honglin Valuation | Previous | Next |
Weihai Honglin Trading Date Momentum on November 15, 2024
| On November 18 2024 Weihai Honglin Electronic was traded for 13.35 at the closing time. The highest price during the trading period was 13.69 and the lowest recorded bid was listed for 13.23 . The volume for the day was 3.1 M. This history from November 18, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.48% . The trading price change to the current price is 0.96% . |
Weihai Honglin Electronic Fundamentals Correlations and Trends
By evaluating Weihai Honglin'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 Weihai Honglin's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Weihai financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Weihai Honglin Stock history
Weihai Honglin 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 Weihai is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Weihai Honglin Electronic 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 Weihai Honglin stock prices may prove useful in developing a viable investing in Weihai Honglin
Weihai Honglin Stock Technical Analysis
Weihai Honglin 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
Weihai Honglin Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Weihai Honglin Electronic 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.
Weihai Honglin December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Weihai Honglin stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Weihai Honglin shares will generate the highest return on investment. By undertsting and applying Weihai Honglin stock market strength indicators, traders can identify Weihai Honglin Electronic entry and exit signals to maximize returns
Weihai Honglin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Weihai Honglin's price direction in advance. Along with the technical and fundamental analysis of Weihai Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Weihai 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 | 0.096 | |||
| Jensen Alpha | 0.4101 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0886 | |||
| Treynor Ratio | (1.69) |
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Weihai Stock analysis
When running Weihai Honglin's price analysis, check to measure Weihai Honglin'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 Weihai Honglin is operating at the current time. Most of Weihai Honglin's value examination focuses on studying past and present price action to predict the probability of Weihai Honglin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weihai Honglin's price. Additionally, you may evaluate how the addition of Weihai Honglin to your portfolios can decrease your overall portfolio volatility.
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