Westaim Corp Stock Price on September 13, 2024
| WED Stock | CAD 5.04 0.09 1.82% |
Below is the normalized historical share price chart for Westaim Corp extending back to July 04, 1996. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Westaim Corp stands at 5.04, as last reported on the 26th of November, with the highest price reaching 5.04 and the lowest price hitting 4.85 during the day.
If you're considering investing in Westaim Stock, it is important to understand the factors that can impact its price. Westaim Corp appears to be slightly risky, given 3 months investment horizon. Westaim Corp shows Sharpe Ratio of 0.16, which attests that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Westaim Corp, which you can use to evaluate the volatility of the company. Please utilize Westaim Corp's Market Risk Adjusted Performance of (1.15), mean deviation of 1.17, and Downside Deviation of 1.51 to validate if our risk estimates are consistent with your expectations.
At this time, Westaim Corp's Total Stockholder Equity is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to climb to about 149.5 M in 2024, whereas Other Stockholder Equity is likely to drop slightly above 10.9 M in 2024. . At this time, Westaim Corp's Price Book Value Ratio is fairly stable compared to the past year. Price Earnings To Growth Ratio is likely to climb to 0 in 2024, whereas Price Earnings Ratio is likely to drop 1.21 in 2024. Westaim Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 3.9783 | 50 Day MA 4.3662 | Beta 0.379 |
Westaim |
Sharpe Ratio = 0.1638
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Estimated Market Risk
| 2.59 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.42 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Westaim Corp is performing at about 12% 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.
Price Book 0.8878 | Enterprise Value Ebitda 17.0805 | Price Sales 6.0879 | Shares Float 114.6 M | Wall Street Target Price 5.24 |
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Westaim Corp Valuation on September 13, 2024
It is possible to determine the worth of Westaim Corp on a given historical date. On September 13, 2024 Westaim was worth 4.03 at the beginning of the trading date compared to the closed value of 3.99. 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 | |
| 3.93 | 4.02 | 3.91 | 3.99 | 71,857 | |
09/13/2024 | 4.03 | 4.03 | 3.97 | 3.99 | 7,860 |
| 4.05 | 4.05 | 3.97 | 4.00 | 22,030 |
| Backtest Westaim Corp | | | Westaim Corp History | | | Westaim Corp Valuation | Previous | Next |
Westaim Corp Trading Date Momentum on September 13, 2024
| On September 16 2024 Westaim Corp was traded for 4.00 at the closing time. The highest daily price throughout the period was 4.05 and the lowest price was 3.97 . The daily volume was 22 K. The net trading volume on 09/16/2024 added to the next day price increase. The trading price change to closing price of the next trading day was 0.25% . The trading price change to current closing price is 3.26% . |
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
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 142.4 M | 149.5 M | |
| Net Income Applicable To Common Shares | 20.7 M | 21.7 M |
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 | November 26, 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 November 26, 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 | 0.1203 | |||
| Jensen Alpha | 0.3991 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1597 | |||
| Treynor Ratio | (1.16) |
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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.