Wetouch Technology Common Stock Performance
| WETH Stock | USD 1.47 0.02 1.38% |
The firm maintains a market beta of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wetouch Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wetouch Technology is expected to be smaller as well. At this point, Wetouch Technology Common has a negative expected return of -0.0852%. Please make sure to check out Wetouch Technology's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Wetouch Technology Common performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Wetouch Technology Common has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong basic indicators, Wetouch Technology is not utilizing all of its potentials. The newest stock price confusion, may contribute to short-horizon losses for the traders. ...more
| Total Cashflows From Investing Activities | 6.2 M |
Wetouch |
Wetouch Technology Relative Risk vs. Return Landscape
If you would invest 165.00 in Wetouch Technology Common on December 26, 2024 and sell it today you would lose (18.00) from holding Wetouch Technology Common or give up 10.91% of portfolio value over 90 days. Wetouch Technology Common is currently does not generate positive expected returns and assumes 4.6147% risk (volatility on return distribution) over the 90 days horizon. In different words, 41% of otc stocks are less volatile than Wetouch, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Wetouch Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wetouch Technology's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Wetouch Technology Common, and traders can use it to determine the average amount a Wetouch Technology's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0185
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | WETH |
Estimated Market Risk
| 4.61 actual daily | 41 59% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Wetouch Technology 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 Wetouch Technology by adding Wetouch Technology to a well-diversified portfolio.
Wetouch Technology Fundamentals Growth
Wetouch OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Wetouch Technology, and Wetouch Technology fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Wetouch OTC Stock performance.
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.11 | ||||
| Profit Margin | 0.24 % | ||||
| Operating Margin | 0.33 % | ||||
| Current Valuation | 4.35 M | ||||
| Price To Earning | 0.75 X | ||||
| Revenue | 40.79 M | ||||
| EBITDA | 22.2 M | ||||
| Cash And Equivalents | 45.15 M | ||||
| Cash Per Share | 1.41 X | ||||
| Total Debt | 1.99 M | ||||
| Debt To Equity | 0.03 % | ||||
| Book Value Per Share | 1.96 X | ||||
| Cash Flow From Operations | 14.05 M | ||||
| Earnings Per Share | 0.36 X | ||||
| Total Asset | 68.68 M | ||||
About Wetouch Technology Performance
By evaluating Wetouch Technology's fundamental ratios, stakeholders can gain valuable insights into Wetouch Technology's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Wetouch Technology has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Wetouch Technology has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
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.Things to note about Wetouch Technology Common performance evaluation
Checking the ongoing alerts about Wetouch Technology for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Wetouch Technology Common help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Wetouch Technology generated a negative expected return over the last 90 days | |
| Wetouch Technology may become a speculative penny stock | |
| Wetouch Technology has high historical volatility and very poor performance |
- Analyzing Wetouch Technology's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Wetouch Technology's stock is overvalued or undervalued compared to its peers.
- Examining Wetouch Technology's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Wetouch Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Wetouch Technology's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Wetouch Technology's otc stock. These opinions can provide insight into Wetouch Technology's potential for growth and whether the stock is currently undervalued or overvalued.
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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