Wesdome Gold Mines Stock Price on August 22, 2024

WDOFF Stock  USD 8.52  0.01  0.12%   
If you're considering investing in Wesdome OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Wesdome Gold stands at 8.52, as last reported on the 27th of November, with the highest price reaching 8.52 and the lowest price hitting 8.34 during the day. Wesdome Gold Mines shows Sharpe Ratio of -0.0802, which attests that the company had a -0.0802% return per unit of risk over the last 3 months. Wesdome Gold Mines exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wesdome Gold's Market Risk Adjusted Performance of (0.75), standard deviation of 2.52, and Mean Deviation of 1.89 to validate the risk estimate we provide.
  
Wesdome OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0802

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Estimated Market Risk

 2.55
  actual daily
22
78% of assets are more volatile

Expected Return

 -0.2
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.08
  actual daily
0
Most of other assets perform better
Based on monthly moving average Wesdome Gold 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 Wesdome Gold by adding Wesdome Gold to a well-diversified portfolio.

Wesdome Gold Valuation on August 22, 2024

It is possible to determine the worth of Wesdome Gold on a given historical date. On August 22, 2024 Wesdome was worth 10.1 at the beginning of the trading date compared to the closed value of 9.78. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Wesdome Gold otc stock. Still, in general, we apply an absolute valuation method to find Wesdome Gold'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 Wesdome Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Wesdome Gold's related companies.
 Open High Low Close Volume
  10.00    10.16    10.00    10.12    18,657  
08/22/2024
  10.10    10.10    9.70    9.78    112,100  
  9.83    10.03    9.73    9.91    140,600  
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Open Value
10.1
9.78
Closing Value
17.75
Upside

Wesdome Gold Trading Date Momentum on August 22, 2024

On August 23 2024 Wesdome Gold Mines was traded for  9.91  at the closing time. The highest daily price throughout the period was 10.03  and the lowest price was  9.73 . The daily volume was 140.6 K. The net trading volume on 08/23/2024 added to the next day price rise. The trading price change to closing price of the next trading day was 1.33% . The trading price change to current closing price is 5.83% .

Wesdome Gold Mines Fundamentals Correlations and Trends

By evaluating Wesdome Gold'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 Wesdome Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Wesdome financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Wesdome Gold OTC Stock history

Wesdome Gold 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 Wesdome is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Wesdome Gold Mines 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 Wesdome Gold stock prices may prove useful in developing a viable investing in Wesdome Gold
Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. The companys properties include the Eagle River Complex that consists of the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located in Wawa, Ontario and the Kiena Mine Complex, which includes the Kiena Mine concession and Kiena Mill situated in Val-dOr, Qubec. Wesdome Gold operates under Gold classification in the United States and is traded on OTC Exchange.

Wesdome Gold OTC Stock Technical Analysis

Wesdome Gold technical otc 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, otc market cycles, or different charting patterns.
A focus of Wesdome Gold technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Wesdome Gold trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Wesdome Gold Period Price Range

Low
November 27, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Wesdome Gold Mines cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQX 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.

Wesdome Gold November 27, 2024 Market Strength

Market strength indicators help investors to evaluate how Wesdome Gold otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wesdome Gold shares will generate the highest return on investment. By undertsting and applying Wesdome Gold otc stock market strength indicators, traders can identify Wesdome Gold Mines entry and exit signals to maximize returns

Wesdome Gold Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Wesdome Gold's price direction in advance. Along with the technical and fundamental analysis of Wesdome OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Wesdome 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.

Complementary Tools for Wesdome OTC Stock analysis

When running Wesdome Gold's price analysis, check to measure Wesdome Gold'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 Wesdome Gold is operating at the current time. Most of Wesdome Gold's value examination focuses on studying past and present price action to predict the probability of Wesdome Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wesdome Gold's price. Additionally, you may evaluate how the addition of Wesdome Gold to your portfolios can decrease your overall portfolio volatility.
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