Analysis for Tongwei
Description & usage
Tongwei operates in aquaculture feed and solar technology, combining exposure to two distinct growth markets. The company benefits from strong positioning in agricultural supply and expansion across the photovoltaic value chain. Key drivers are input costs, solar demand, product mix, and margin progression.
Basic info
- Symbol
- 600438.SS
- Type
- Stock
- Region
- Asia
- Sector
- Consumer Staples
- Available history
- 11.2 years
- Last trading day
- 04/03/2026
Basic info
- Symbol
- 600438.SS
- Type
- Stock
- Region
- Asia
- Sector
- Consumer Staples
- Available history
- 11.2 years
- Last trading day
- 04/03/2026
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Analysis summary
Technical asset picture
Tongwei (600438.SS) currently has a total score of 18 points, placing it in the very weak range. The score is made up of Performance (26), Stability (12) and Trend (7). All three sub-scores are currently below average.
Performance scores 26 points (weak). Least weak metric: 10Y return at 129.1 %. Main drag: 3Y return at -60.9 %. This suggests stronger long-term than short-term performance.
Stability scores 12 points (very weak). Least weak metric: CAGR/drawdown ratio at 0.11. Main drag: Sharpe ratio (90d) at -1.55. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 7 points (very weak). Trend signals are mostly negative right now. Least weak metric: 12M momentum at -13.5 %. Main drag: trend strength at -0.94.
Overall, the picture is very weak: none of the three dimensions shows a clear strength. On a metric level, 10Y return stands out, while Sharpe ratio (90d) is the main weak spot.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For this asset type, the current backdrop looks mixed rather than clearly directional.
Note: ISM PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.