Western Bulk (Norway) Price on February 22, 2023
WEST Stock | 16.95 0.65 3.99% |
If you're considering investing in Western Stock, it is important to understand the factors that can impact its price. As of today, the current price of Western Bulk stands at 16.95, as last reported on the 4th of December, with the highest price reaching 16.95 and the lowest price hitting 15.80 during the day. Western Bulk Chartering shows Sharpe Ratio of -0.17, which attests that the company had a -0.17% return per unit of risk over the last 3 months. Western Bulk Chartering exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Bulk's Market Risk Adjusted Performance of 4.69, standard deviation of 2.58, and Mean Deviation of 1.67 to validate the risk estimate we provide.
Western Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Western |
Sharpe Ratio = -0.1747
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Estimated Market Risk
2.6 actual daily | 23 77% of assets are more volatile |
Expected Return
-0.45 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Western Bulk 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 Western Bulk by adding Western Bulk to a well-diversified portfolio.
Western Bulk Valuation on February 22, 2023
It is possible to determine the worth of Western Bulk on a given historical date. On February 22, 2023 Western was worth 41.7 at the beginning of the trading date compared to the closed value of 40.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Western Bulk stock. Still, in general, we apply an absolute valuation method to find Western Bulk'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 Western Bulk where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Western Bulk's related companies.
Open | High | Low | Close | Volume | |
41.60 | 41.80 | 40.20 | 41.80 | 26,618 | |
02/22/2023 | 41.70 | 41.70 | 40.20 | 40.80 | 28,892 |
41.40 | 43.00 | 40.70 | 42.80 | 44,777 |
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Western Bulk Trading Date Momentum on February 22, 2023
On February 23 2023 Western Bulk Chartering was traded for 42.80 at the closing time. The highest price during the trading period was 43.00 and the lowest recorded bid was listed for 40.70 . The volume for the day was 44.8 K. This history from February 23, 2023 contributed to the next trading day price upswing. The trading price change to the next closing price was 4.90% . The trading price change to the current price is 11.03% . |
Western Bulk Chartering Fundamentals Correlations and Trends
By evaluating Western Bulk'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 Western Bulk's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Western financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Western Bulk Stock history
Western Bulk 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 Western is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Western Bulk Chartering 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 Western Bulk stock prices may prove useful in developing a viable investing in Western Bulk
Western Bulk Stock Technical Analysis
Western Bulk 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
Western Bulk Period Price Range
Low | December 4, 2024
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0.00 | 0.00 |
Western Bulk Chartering cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo Stock 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.
Western Bulk December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Western Bulk stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Western Bulk shares will generate the highest return on investment. By undertsting and applying Western Bulk stock market strength indicators, traders can identify Western Bulk Chartering entry and exit signals to maximize returns
Western Bulk Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Western Bulk's price direction in advance. Along with the technical and fundamental analysis of Western Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Western 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 | (0.13) | |||
Jensen Alpha | (0.47) | |||
Total Risk Alpha | (0.83) | |||
Treynor Ratio | 4.68 |
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Other Information on Investing in Western Stock
Western Bulk financial ratios help investors to determine whether Western Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Western with respect to the benefits of owning Western Bulk security.