West African Resources Stock Price on November 5, 2024
WFRSF Stock | USD 0.91 0.08 8.08% |
If you're considering investing in West Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of West African stands at 0.91, as last reported on the 2nd of December, with the highest price reaching 1.04 and the lowest price hitting 0.91 during the day. West African Resources shows Sharpe Ratio of -0.0102, which attests that the company had a -0.0102% return per unit of risk over the last 3 months. West African Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out West African's Mean Deviation of 2.59, market risk adjusted performance of 0.2074, and Standard Deviation of 5.27 to validate the risk estimate we provide.
West Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
West |
Sharpe Ratio = -0.0102
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Estimated Market Risk
5.31 actual daily | 47 53% of assets are more volatile |
Expected Return
-0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average West African 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 West African by adding West African to a well-diversified portfolio.
West African Valuation on November 5, 2024
It is possible to determine the worth of West African on a given historical date. On November 5, 2024 West was worth 1.12 at the beginning of the trading date compared to the closed value of 1.12. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of West African pink sheet. Still, in general, we apply an absolute valuation method to find West African'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 West African where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against West African's related companies.
Open | High | Low | Close | Volume | |
1.07 | 1.07 | 1.07 | 1.07 | 1.00 | |
11/05/2024 | 1.12 | 1.12 | 1.12 | 1.12 | 1,750 |
1.11 | 1.11 | 1.11 | 1.11 | 2,200 |
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West African Trading Date Momentum on November 5, 2024
On November 06 2024 West African Resources was traded for 1.11 at the closing time. The highest daily price throughout the period was 1.11 and the lowest price was 1.11 . The daily volume was 2.2 K. The net trading volume on 11/06/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 0.89% . The trading price change to current closing price is 10.71% . |
West African Resources Fundamentals Correlations and Trends
By evaluating West African's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among West African's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. West financial account trend analysis is a perfect complement when working with valuation or volatility modules.About West African Pink Sheet history
West African investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for West is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in West African Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing West African stock prices may prove useful in developing a viable investing in West African
West African Resources Limited engages in the acquisition, exploration, and development of gold projects in West Africa. West African Resources Limited was incorporated in 2006 and is based in Subiaco, Australia. West African operates under Gold classification in the United States and is traded on OTC Exchange.
West African Pink Sheet Technical Analysis
West African technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
Price Boundaries
West African Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
West African Resources cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
West African December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how West African pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading West African shares will generate the highest return on investment. By undertsting and applying West African pink sheet market strength indicators, traders can identify West African Resources entry and exit signals to maximize returns
West African Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for West African's price direction in advance. Along with the technical and fundamental analysis of West Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of West 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 | 8.0E-4 | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.94) | |||
Treynor Ratio | 0.1974 |
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Complementary Tools for West Pink Sheet analysis
When running West African's price analysis, check to measure West African'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 West African is operating at the current time. Most of West African's value examination focuses on studying past and present price action to predict the probability of West African's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move West African's price. Additionally, you may evaluate how the addition of West African to your portfolios can decrease your overall portfolio volatility.
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