Wetouch Technology Common Stock Price on September 30, 2024
| WETH Stock | USD 1.71 0.09 5.00% |
If you're considering investing in Wetouch OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Wetouch Technology stands at 1.71, as last reported on the 29th of November, with the highest price reaching 1.87 and the lowest price hitting 1.42 during the day. Wetouch Technology appears to be extremely dangerous, given 3 months investment horizon. Wetouch Technology Common shows Sharpe Ratio of 0.0329, which attests that the company had a 0.0329% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wetouch Technology Common, which you can use to evaluate the volatility of the company. Please utilize Wetouch Technology's Downside Deviation of 5.66, mean deviation of 4.74, and Market Risk Adjusted Performance of 0.459 to validate if our risk estimates are consistent with your expectations.
Wetouch OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Wetouch |
Sharpe Ratio = 0.0329
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Estimated Market Risk
| 7.41 actual daily | 65 65% of assets are less volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Wetouch Technology is performing at about 2% 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 Wetouch Technology by adding it to a well-diversified portfolio.
Wetouch Technology Valuation on September 30, 2024
It is possible to determine the worth of Wetouch Technology on a given historical date. On September 30, 2024 Wetouch was worth 1.95 at the beginning of the trading date compared to the closed value of 2.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Wetouch Technology otc stock. Still, in general, we apply an absolute valuation method to find Wetouch Technology'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 Wetouch Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Wetouch Technology's related companies.
| Open | High | Low | Close | Volume | |
| 2.17 | 2.17 | 1.97 | 1.97 | 118,000 | |
09/30/2024 | 1.95 | 2.21 | 1.90 | 2.03 | 263,700 |
| 1.99 | 2.13 | 1.88 | 1.95 | 51,500 |
| Backtest Wetouch Technology | | | Wetouch Technology History | | | Wetouch Technology Valuation | Previous | Next |
Wetouch Technology Trading Date Momentum on September 30, 2024
| On October 01 2024 Wetouch Technology Common was traded for 1.95 at the closing time. The top price for the day was 2.13 and the lowest listed price was 1.88 . The trading volume for the day was 51.5 K. The trading history from October 1, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 3.94% . The trading price change against the current closing price is 3.45% . |
Wetouch Technology Common Fundamentals Correlations and Trends
By evaluating Wetouch Technology'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 Wetouch Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Wetouch financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Wetouch Technology OTC Stock history
Wetouch Technology 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 Wetouch is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Wetouch Technology Common 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 Wetouch Technology stock prices may prove useful in developing a viable investing in Wetouch Technology
Wetouch Technology Inc. engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company was founded in 2011 and is based in Meishan, China. Wetouch Technology operates under Real Estate Services classification in the United States and is traded on OTC Exchange. It employs 126 people.
Wetouch Technology OTC Stock Technical Analysis
Wetouch Technology technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Wetouch Technology Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Wetouch Technology Common cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQB 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.
Wetouch Technology November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Wetouch Technology otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wetouch Technology shares will generate the highest return on investment. By undertsting and applying Wetouch Technology otc stock market strength indicators, traders can identify Wetouch Technology Common entry and exit signals to maximize returns
Wetouch Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Wetouch Technology's price direction in advance. Along with the technical and fundamental analysis of Wetouch OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Wetouch 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 | 0.0425 | |||
| Jensen Alpha | 0.23 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.0343 | |||
| Treynor Ratio | 0.449 |
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| Volume Indicators |
Complementary Tools for Wetouch OTC Stock analysis
When running Wetouch Technology's price analysis, check to measure Wetouch Technology'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 Wetouch Technology is operating at the current time. Most of Wetouch Technology's value examination focuses on studying past and present price action to predict the probability of Wetouch Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wetouch Technology's price. Additionally, you may evaluate how the addition of Wetouch Technology to your portfolios can decrease your overall portfolio volatility.
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