Westaim Corp (Germany) Performance
| WEM1 Stock | 20.04 0.00 0.00% |
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.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in The Westaim Corp are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, Westaim Corp unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
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Westaim Corp Relative Risk vs. Return Landscape
If you would invest 260.00 in The Westaim Corp on September 28, 2024 and sell it today you would earn a total of 1,744 from holding The Westaim Corp or generate 670.77% return on investment over 90 days. The Westaim Corp is generating 8.5453% of daily returns and assumes 63.952% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than Westaim on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Westaim Corp Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westaim Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as The Westaim Corp, and traders can use it to determine the average amount a Westaim Corp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1336
| Best Portfolio | Best Equity | WEM1 | ||
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Estimated Market Risk
| 63.95 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Westaim Corp is performing at about 10% 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.
Things to note about Westaim Corp performance evaluation
Checking the ongoing alerts about Westaim Corp for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Westaim Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Westaim Corp is way too risky over 90 days horizon | |
| Westaim Corp appears to be risky and price may revert if volatility continues |
- Analyzing Westaim Corp's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Westaim Corp's stock is overvalued or undervalued compared to its peers.
- Examining Westaim Corp's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Westaim Corp's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Westaim Corp's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Westaim Corp's stock. These opinions can provide insight into Westaim Corp's potential for growth and whether the stock is currently undervalued or overvalued.
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.