Westaim Corp Stock Price on September 11, 2023
| WED Stock | CAD 5.22 0.02 0.38% |
If you're considering investing in Westaim Stock, it is important to understand the factors that can impact its price. As of today, the current price of Westaim Corp stands at 5.22, as last reported on the 11th of December 2024, with the highest price reaching 5.25 and the lowest price hitting 5.21 during the day. Westaim Corp appears to be slightly risky, given 3 months investment horizon. Westaim Corp shows Sharpe Ratio of 0.18, which attests that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Westaim Corp, which you can use to evaluate the volatility of the company. Please utilize Westaim Corp's Downside Deviation of 1.52, mean deviation of 1.18, and Market Risk Adjusted Performance of 0.7185 to validate if our risk estimates are consistent with your expectations.
Westaim Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Westaim |
Sharpe Ratio = 0.1771
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Estimated Market Risk
| 2.54 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.45 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Westaim Corp is performing at about 13% 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.
Westaim Corp Valuation on September 11, 2023
It is possible to determine the worth of Westaim Corp on a given historical date. On September 11, 2023 Westaim was worth 3.55 at the beginning of the trading date compared to the closed value of 3.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Westaim Corp stock. Still, in general, we apply an absolute valuation method to find Westaim Corp'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 Westaim Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Westaim Corp's related companies.
| Open | High | Low | Close | Volume | |
| 3.56 | 3.58 | 3.56 | 3.57 | 925,100 | |
09/11/2023 | 3.55 | 3.59 | 3.55 | 3.55 | 163,600 |
| 3.54 | 3.58 | 3.54 | 3.56 | 191,900 |
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Westaim Corp Trading Date Momentum on September 11, 2023
| On September 12 2023 Westaim Corp was traded for 3.56 at the closing time. The highest daily price throughout the period was 3.58 and the lowest price was 3.54 . The daily volume was 191.9 K. The net trading volume on 09/12/2023 added to the next day price increase. The trading price change to closing price of the next trading day was 0.28% . The trading price change to current closing price is 1.69% . |
Westaim Corp Fundamentals Correlations and Trends
By evaluating Westaim Corp'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 Westaim Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Westaim financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Westaim Corp Stock history
Westaim Corp 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 Westaim is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Westaim Corp 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 Westaim Corp stock prices may prove useful in developing a viable investing in Westaim Corp
The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. The Westaim Corporation was founded in 1996 and is based in Toronto, Canada. THE WESTAIM operates under Asset Management classification in Exotistan and is traded on Commodity Exchange.
Westaim Corp Stock Technical Analysis
Westaim Corp 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
Westaim Corp Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Westaim Corp cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture 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.
Westaim Corp December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Westaim Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Westaim Corp shares will generate the highest return on investment. By undertsting and applying Westaim Corp stock market strength indicators, traders can identify Westaim Corp entry and exit signals to maximize returns
Westaim Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Westaim Corp's price direction in advance. Along with the technical and fundamental analysis of Westaim Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Westaim 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 | 0.1351 | |||
| Jensen Alpha | 0.3691 | |||
| Total Risk Alpha | 0.0374 | |||
| Sortino Ratio | 0.2145 | |||
| Treynor Ratio | 0.7085 |
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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.