Westinghouse Air is trading at 590.84 as of the 2nd of January 2025, a 0.93% down since the beginning of the trading day. The stock's open price was 596.4. Westinghouse Air has hardly any chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. The performance scores are derived for the period starting the 3rd of December 2024 and ending today, the 2nd of January 2025. Click here to learn more.
Although Westinghouse Air's alpha and beta are two of the key measurements used to evaluate Westinghouse Air's performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Westinghouse Air stock to make a market-neutral strategy. Peer analysis of Westinghouse Air could also be used in its relative valuation, which is a method of valuing Westinghouse Air by comparing valuation metrics with similar companies.