Westaim Corp (Germany) Price on November 12, 2024
| WEM1 Stock | 3.36 16.68 83.23% |
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 3.36, as last reported on the 28th of December, with the highest price reaching 3.48 and the lowest price hitting 3.32 during the day. Westaim Corp shows Sharpe Ratio of -0.0834, which attests that the company had a -0.0834% return per unit of risk over the last 3 months. Westaim Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Westaim Corp's Market Risk Adjusted Performance of (0.46), mean deviation of 2.72, and Standard Deviation of 10.57 to validate the risk estimate we provide.
Westaim Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Westaim |
Sharpe Ratio = -0.0834
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Estimated Market Risk
| 10.91 actual daily | 96 96% of assets are less volatile |
Expected Return
| -0.91 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Westaim Corp is not performing at its full potential. However, 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 Westaim Corp to a well-diversified portfolio.
Westaim Corp Valuation on November 12, 2024
It is possible to determine the worth of Westaim Corp on a given historical date. On November 12, 2024 Westaim was worth 19.56 at the beginning of the trading date compared to the closed value of 20.28. 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 | |
| 19.56 | 19.68 | 19.56 | 19.68 | 1.00 | |
11/12/2024 | 19.56 | 20.28 | 19.56 | 20.28 | 1.00 |
| 20.16 | 20.16 | 19.80 | 20.04 | 1.00 |
| Backtest Westaim Corp | | | Westaim Corp History | Previous | Next |
Westaim Corp Trading Date Momentum on November 12, 2024
| On November 13 2024 The Westaim Corp was traded for 20.04 at the closing time. The highest price during the trading period was 20.16 and the lowest recorded bid was listed for 19.80 . There was no trading activity during the period 1.0. Lack of trading volume on November 13, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 1.18% . The trading price change to the current price is 2.37% . |
Price Boundaries
Westaim Corp Period Price Range
Low | December 28, 2024
| High |
0.00 | 0.00 |
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Westaim Corp December 28, 2024 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 | (0.06) | |||
| Jensen Alpha | (0.93) | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | (0.47) |
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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.