Westaim Corp (Germany) Market Value
| WEM1 Stock | 20.04 0.00 0.00% |
| Symbol | Westaim |
Westaim Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Westaim Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Westaim Corp.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Westaim Corp on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding The Westaim Corp or generate 0.0% return on investment in Westaim Corp over 30 days.
Westaim Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Westaim Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess The Westaim Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.1285 | |||
| Maximum Drawdown | 503.61 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 2.42 |
Westaim Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westaim Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westaim Corp's standard deviation. In reality, there are many statistical measures that can use Westaim Corp historical prices to predict the future Westaim Corp's volatility.| Risk Adjusted Performance | 0.1126 | |||
| Jensen Alpha | 7.94 | |||
| Total Risk Alpha | 4.63 | |||
| Sortino Ratio | 6.03 | |||
| Treynor Ratio | 5.21 |
Westaim Corp Backtested Returns
Westaim Corp is out of control given 3 months investment horizon. Westaim Corp shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 8.55% are justified by taking the suggested risk. Use The Westaim Corp Market Risk Adjusted Performance of 5.22, mean deviation of 15.3, and Coefficient Of Variation of 773.28 to evaluate company specific risk that cannot be diversified away. Westaim Corp holds a performance score of 10 on a scale of zero to a hundred. The firm maintains a market beta of 1.54, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Westaim Corp will likely underperform. Use The Westaim Corp total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on The Westaim Corp.
Auto-correlation | 0.88 |
Very good predictability
The Westaim Corp has very good predictability. Overlapping area represents the amount of predictability between Westaim Corp time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Westaim Corp price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Westaim Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 69.02 |
Westaim Corp lagged returns against current returns
Autocorrelation, which is Westaim Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Westaim Corp's stock expected returns. We can calculate the autocorrelation of Westaim Corp returns to help us make a trade decision. For example, suppose you find that Westaim Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Westaim Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Westaim Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westaim Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westaim Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Westaim Corp Lagged Returns
When evaluating Westaim Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westaim Corp stock have on its future price. Westaim Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Westaim Corp autocorrelation shows the relationship between Westaim Corp stock current value and its past values and can show if there is a momentum factor associated with investing in The Westaim Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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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.