Westgold Resources (Germany) Price on December 2, 2024
| 0W2 Stock | EUR 1.87 0.10 5.65% |
If you're considering investing in Westgold Stock, it is important to understand the factors that can impact its price. As of today, the current price of Westgold Resources stands at 1.87, as last reported on the 11th of December 2024, with the highest price reaching 1.87 and the lowest price hitting 1.81 during the day. At this point, Westgold Resources is dangerous. Westgold Resources shows Sharpe Ratio of 0.035, which attests that the company had a 0.035% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Westgold Resources, which you can use to evaluate the volatility of the company. Please check out Westgold Resources' Mean Deviation of 2.87, market risk adjusted performance of (0.29), and Downside Deviation of 3.9 to validate if the risk estimate we provide is consistent with the expected return of 0.13%.
Westgold Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Westgold |
Sharpe Ratio = 0.035
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Estimated Market Risk
| 3.73 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Westgold Resources is performing at about 2% 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 Westgold Resources by adding it to a well-diversified portfolio.
Westgold Resources Valuation on December 2, 2024
It is possible to determine the worth of Westgold Resources on a given historical date. On December 2, 2024 Westgold was worth 1.71 at the beginning of the trading date compared to the closed value of 1.72. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Westgold Resources stock. Still, in general, we apply an absolute valuation method to find Westgold Resources' 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 Westgold Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Westgold Resources' related companies.
| Open | High | Low | Close | Volume | |
| 1.73 | 1.79 | 1.73 | 1.79 | 100.00 | |
12/02/2024 | 1.71 | 1.72 | 1.71 | 1.72 | 884.00 |
| 1.69 | 1.69 | 1.69 | 1.69 | 884.00 |
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Westgold Resources Trading Date Momentum on December 2, 2024
| On December 03 2024 Westgold Resources was traded for 1.69 at the closing time. The highest daily price throughout the period was 1.69 and the lowest price was 1.69 . The daily volume was 884. The net trading volume on 12/03/2024 added to the next day price reduction. The daily price change to closing price of the next trading day was 1.74% . The trading price change to current closing price is 5.23% . |
Westgold Resources Fundamentals Correlations and Trends
By evaluating Westgold Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Westgold Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Westgold financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Westgold Resources Stock history
Westgold Resources 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 Westgold is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Westgold 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 Westgold Resources stock prices may prove useful in developing a viable investing in Westgold Resources
Westgold Resources Limited engages in the exploration, development, mining, and treatment of gold assets primarily in Western Australia. The company was founded in 1987 and is headquartered in Perth, Australia. WESTGOLD RES operates under Gold classification in Germany and is traded on Frankfurt Stock Exchange. It employs 829 people.
Westgold Resources Stock Technical Analysis
Westgold Resources technical stock 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, stock market cycles, or different charting patterns.
Price Boundaries
Westgold Resources Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Westgold Resources cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
Westgold Resources December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Westgold Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Westgold Resources shares will generate the highest return on investment. By undertsting and applying Westgold Resources stock market strength indicators, traders can identify Westgold Resources entry and exit signals to maximize returns
Westgold Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Westgold Resources' price direction in advance. Along with the technical and fundamental analysis of Westgold Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Westgold 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 | 0.0384 | |||
| Jensen Alpha | 0.2014 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.0081 | |||
| Treynor Ratio | (0.30) |
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Complementary Tools for Westgold Stock analysis
When running Westgold Resources' price analysis, check to measure Westgold Resources' 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 Westgold Resources is operating at the current time. Most of Westgold Resources' value examination focuses on studying past and present price action to predict the probability of Westgold Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westgold Resources' price. Additionally, you may evaluate how the addition of Westgold Resources to your portfolios can decrease your overall portfolio volatility.
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