Shandong Weigao Group Stock Today
| SHWGY Stock | USD 2.44 0.02 0.81% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Shandong Weigao is trading at 2.44 as of the 25th of April 2024; that is -0.81 percent decrease since the beginning of the trading day. The stock's open price was 2.46. Shandong Weigao has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Shandong Weigao Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Shandong Weigao Group Medical Polymer Company Limited engages in the research and development, production, and sale of single-use medical devices in the Peoples Republic of China. The company was incorporated in 2000 and is based in Weihai, the Peoples Republic of China. The company has 1.13 B outstanding shares. More on Shandong Weigao Group
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Follow Valuation Odds of Bankruptcy
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Shandong Pink Sheet Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Shandong Weigao's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Shandong Weigao or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Hua Zhang |
| Business Concentration | Medical Instruments & Supplies, Healthcare (View all Sectors) |
Shandong Weigao Group [SHWGY] is a Pink Sheet which is traded between brokers as part of OTC trading. The company currently falls under 'Mid-Cap' category with a current market capitalization of 7.69 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Shandong Weigao's market, we take the total number of its shares issued and multiply it by Shandong Weigao's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Shandong Weigao Group classifies itself under Healthcare sector and is part of Medical Instruments & Supplies industry. The entity has 1.13 B outstanding shares.
Shandong Weigao Group has accumulated about 7.15 B in cash with 3.04 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.26, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Shandong Weigao Probability Of Bankruptcy
Shandong Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Shandong Weigao jumping above the current price in 90 days from now is about 65.97%. The Shandong Weigao Group probability density function shows the probability of Shandong Weigao pink sheet to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Shandong Weigao Group has a beta of -0.0097. This usually implies as returns on the benchmark increase, returns on holding Shandong Weigao are expected to decrease at a much lower rate. During a bear market, however, Shandong Weigao Group is likely to outperform the market. Additionally, shandong Weigao Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Shandong Weigao to move above the current price in 90 days from now is about 65.97 (This Shandong Weigao Group probability density function shows the probability of Shandong Pink Sheet to fall within a particular range of prices over 90 days) .
Shandong Weigao Group Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Shandong Weigao market risk premium is the additional return an investor will receive from holding Shandong Weigao long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Shandong Weigao. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Shandong Weigao's alpha and beta are two of the key measurements used to evaluate Shandong Weigao's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.41 | |||
| Standard Deviation | 2.6 | |||
| Variance | 6.75 | |||
| Risk Adjusted Performance | (0.06) |
Shandong Stock Against Markets
Picking the right benchmark for Shandong Weigao pink sheet is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Shandong Weigao pink sheet price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Shandong Weigao is critical whether you are bullish or bearish towards Shandong Weigao Group at a given time. Please also check how Shandong Weigao's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Shandong Weigao without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Shandong Weigao Corporate Directors
Shandong Weigao corporate directors refer to members of a Shandong Weigao board of directors. The board of directors generally takes responsibility for the Shandong Weigao's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Shandong Weigao's board members must vote for the resolution. The Shandong Weigao board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.How to buy Shandong Pink Sheet?
Before investing in Shandong Weigao, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Shandong Weigao. To buy Shandong Weigao stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Shandong Weigao. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Shandong Weigao stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Shandong Weigao Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Shandong Weigao Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Shandong Weigao Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Shandong Weigao Group?
The danger of trading Shandong Weigao Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Shandong Weigao is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Shandong Weigao. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Shandong Weigao Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shandong Weigao Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Shandong Weigao Group information on this page should be used as a complementary analysis to other Shandong Weigao's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Shandong Pink Sheet analysis
When running Shandong Weigao's price analysis, check to measure Shandong Weigao'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 Shandong Weigao is operating at the current time. Most of Shandong Weigao's value examination focuses on studying past and present price action to predict the probability of Shandong Weigao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shandong Weigao's price. Additionally, you may evaluate how the addition of Shandong Weigao to your portfolios can decrease your overall portfolio volatility.
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