Weiqiao Textile Stock Today
Weiqiao Textile is trading at 0.14 as of the 19th of April 2024. This is a -33.33 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.14. Equity ratings for Weiqiao Textile are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Valuation
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Weiqiao 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. Weiqiao Textile's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Weiqiao Textile or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Hongxia Zhang |
| Business Concentration | Textile Manufacturing, Consumer Cyclical (View all Sectors) |
Weiqiao Textile [WQTEF] is a Pink Sheet which is traded between independent brokers as part of over-the-counter (OTC) trading. The company currently falls under 'Small-Cap' category with a current market capitalization of 214.54 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Weiqiao Textile's market, we take the total number of its shares issued and multiply it by Weiqiao Textile'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. Weiqiao Textile classifies itself under Consumer Cyclical sector and is part of Textile Manufacturing industry. The entity has 413.62 M outstanding shares.
Weiqiao Textile has accumulated about 10.78 B in cash with 158.89 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.03, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Weiqiao Textile Probability Of Bankruptcy
Weiqiao Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Weiqiao Textile jumping above the current price in 90 days from now is close to 99%. The Weiqiao Textile probability density function shows the probability of Weiqiao Textile pink sheet to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Weiqiao Textile has a beta of -0.072. This entails as returns on the benchmark increase, returns on holding Weiqiao Textile are expected to decrease at a much lower rate. During a bear market, however, Weiqiao Textile is likely to outperform the market. Additionally, weiqiao Textile 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 Weiqiao Textile to move above the current price in 90 days from now is close to 99 (This Weiqiao Textile probability density function shows the probability of Weiqiao Pink Sheet to fall within a particular range of prices over 90 days) .
Weiqiao Textile Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Weiqiao Textile market risk premium is the additional return an investor will receive from holding Weiqiao Textile 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 Weiqiao Textile. 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 Weiqiao Textile's alpha and beta are two of the key measurements used to evaluate Weiqiao Textile's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.99 | |||
| Standard Deviation | 8.28 | |||
| Variance | 68.48 | |||
| Risk Adjusted Performance | (0.06) |
Weiqiao Stock Against Markets
Picking the right benchmark for Weiqiao Textile 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 Weiqiao Textile 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 Weiqiao Textile is critical whether you are bullish or bearish towards Weiqiao Textile at a given time. Please also check how Weiqiao Textile's historical prices are related to one of the top price index indicators.
Weiqiao Textile Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Weiqiao Textile pink sheet to make a market-neutral strategy. Peer analysis of Weiqiao Textile could also be used in its relative valuation, which is a method of valuing Weiqiao Textile by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Weiqiao Textile Corporate Directors
Weiqiao Textile corporate directors refer to members of a Weiqiao Textile board of directors. The board of directors generally takes responsibility for the Weiqiao Textile'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 Weiqiao Textile's board members must vote for the resolution. The Weiqiao Textile board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Suwen Zhao | CFO and Executive Director | Profile | |
| Jinglei Zhang | Company Secretary and Executive Director | Profile | |
| Shuwen Chen | Non-Executive Independent Director | Profile | |
| Yanhong Zhang | Executive Director | Profile |
How to buy Weiqiao Pink Sheet?
Before investing in Weiqiao Textile, 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 Weiqiao Textile. To buy Weiqiao Textile stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Weiqiao Textile. 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 Weiqiao Textile stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Weiqiao Textile 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 Weiqiao Textile 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 Weiqiao Textile, 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 Weiqiao Textile?
The danger of trading Weiqiao Textile 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 Weiqiao Textile 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 Weiqiao Textile. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Weiqiao Textile 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 Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Weiqiao Textile information on this page should be used as a complementary analysis to other Weiqiao Textile'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 Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Weiqiao Pink Sheet analysis
When running Weiqiao Textile's price analysis, check to measure Weiqiao Textile'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 Weiqiao Textile is operating at the current time. Most of Weiqiao Textile's value examination focuses on studying past and present price action to predict the probability of Weiqiao Textile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weiqiao Textile's price. Additionally, you may evaluate how the addition of Weiqiao Textile to your portfolios can decrease your overall portfolio volatility.
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