Westaim Corp (Germany) Price on September 30, 2024
| WEM1 Stock | 20.04 0.00 0.00% |
If you're considering investing in Westaim Stock, it is important to understand the factors that can impact its price. As of today, the current price of Westaim Corp stands at 20.04, as last reported on the 5th of January, with the highest price reaching 20.04 and the lowest price hitting 20.04 during the day. Westaim Corp appears to be very steady, given 3 months investment horizon. Westaim Corp shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Westaim Corp, which you can use to evaluate the volatility of the company. Please utilize Westaim Corp's Mean Deviation of 1.13, market risk adjusted performance of 2.71, and Downside Deviation of 1.27 to validate if our risk estimates are consistent with your expectations.
Westaim Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Westaim |
Sharpe Ratio = 0.1667
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Estimated Market Risk
| 2.49 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.41 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Westaim Corp is performing at about 13% of its full potential. 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 Westaim Corp by adding it to a well-diversified portfolio.
Westaim Corp Valuation on September 30, 2024
It is possible to determine the worth of Westaim Corp on a given historical date. On September 30, 2024 Westaim was worth 15.36 at the beginning of the trading date compared to the closed value of 15.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Westaim Corp stock. Still, in general, we apply an absolute valuation method to find Westaim Corp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Westaim Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Westaim Corp's related companies.
| Open | High | Low | Close | Volume | |
| 15.48 | 15.48 | 15.36 | 15.36 | 1.00 | |
09/30/2024 | 15.36 | 15.60 | 15.24 | 15.60 | 1.00 |
| 15.36 | 15.72 | 15.24 | 15.72 | 1.00 |
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Westaim Corp Trading Date Momentum on September 30, 2024
| On October 01 2024 The Westaim Corp was traded for 15.72 at the closing time. The highest price during the trading period was 15.72 and the lowest recorded bid was listed for 15.24 . There was no trading activity during the period 1.0. Lack of trading volume on October 1, 2024 contributed to the next trading day price appreciation. The trading price change to the next closing price was 0.77% . The trading price change to the current price is 18.46% . |
Price Boundaries
Westaim Corp Period Price Range
Low | January 5, 2025
| High |
0.00 | 0.00 |
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Westaim Corp January 5, 2025 Market Strength
Market strength indicators help investors to evaluate how Westaim Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Westaim Corp shares will generate the highest return on investment. By undertsting and applying Westaim Corp stock market strength indicators, traders can identify The Westaim Corp entry and exit signals to maximize returns
Westaim Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Westaim Corp's price direction in advance. Along with the technical and fundamental analysis of Westaim Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Westaim to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1522 | |||
| Jensen Alpha | 0.4178 | |||
| Total Risk Alpha | 0.3833 | |||
| Sortino Ratio | 0.3204 | |||
| Treynor Ratio | 2.7 |
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Additional Tools for Westaim Stock Analysis
When running Westaim Corp's price analysis, check to measure Westaim Corp'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 Westaim Corp is operating at the current time. Most of Westaim Corp's value examination focuses on studying past and present price action to predict the probability of Westaim Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westaim Corp's price. Additionally, you may evaluate how the addition of Westaim Corp to your portfolios can decrease your overall portfolio volatility.