Weidai is a holding company. Through its subsidiaries, Co. is engaged in the online finance marketplace business in the People's Republic of China. Co.'s platform serves as the intermediary for borrowers with funding needs. Co. provides auto-backed loan products, which refer to loans secured by an automobile registered in the borrower's name. Auto-backed loan borrowers provide investors the title of their automobiles as collaterals by registering such automobile collaterals at local automobile administrative offices, and are not required to hand over their automobiles. Co. provides other loans such as professional credit loans, construction machinery loans, home equity loans and others. The WEI average annual return since 2018 is shown above.
The Average Annual Return on the WEI average annual return since 2018 page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether WEI average annual return since 2018 or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the WEI average annual return calculation with any dividends reinvested as applicable (on ex-dates).
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