West Pharmaceutical Services Stock Market Value
| WST Stock | USD 320.88 9.22 2.96% |
| Symbol | West |
West Pharmaceutical Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of West Pharmaceutical. If investors know West will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about West Pharmaceutical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Dividend Share 0.8 | Earnings Share 6.73 | Revenue Per Share 39.228 | Quarterly Revenue Growth (0) |
The market value of West Pharmaceutical is measured differently than its book value, which is the value of West that is recorded on the company's balance sheet. Investors also form their own opinion of West Pharmaceutical's value that differs from its market value or its book value, called intrinsic value, which is West Pharmaceutical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because West Pharmaceutical's market value can be influenced by many factors that don't directly affect West Pharmaceutical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between West Pharmaceutical's value and its price as these two are different measures arrived at by different means. Investors typically determine if West Pharmaceutical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, West Pharmaceutical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
West Pharmaceutical 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to West Pharmaceutical's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of West Pharmaceutical.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in West Pharmaceutical on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding West Pharmaceutical Services or generate 0.0% return on investment in West Pharmaceutical over 720 days. West Pharmaceutical is related to or competes with Teleflex Incorporated, Alcon AG, ResMed, ICU Medical, Cooper Companies,, Hologic, and Haemonetics. West Pharmaceutical Services, Inc. designs, manufactures, and sells containment and delivery systems for injectable drug... More
West Pharmaceutical Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure West Pharmaceutical's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess West Pharmaceutical Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.0025 | |||
| Maximum Drawdown | 22.42 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 4.5 |
West Pharmaceutical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for West Pharmaceutical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as West Pharmaceutical's standard deviation. In reality, there are many statistical measures that can use West Pharmaceutical historical prices to predict the future West Pharmaceutical's volatility.| Risk Adjusted Performance | 0.0342 | |||
| Jensen Alpha | (0.0003) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0032 | |||
| Treynor Ratio | 0.0852 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of West Pharmaceutical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
West Pharmaceutical Backtested Returns
Currently, West Pharmaceutical Services is very steady. West Pharmaceutical shows Sharpe Ratio of 0.0443, which attests that the company had a 0.0443% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for West Pharmaceutical, which you can use to evaluate the volatility of the company. Please check out West Pharmaceutical's Downside Deviation of 2.26, market risk adjusted performance of 0.0952, and Mean Deviation of 1.76 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. West Pharmaceutical has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of 1.09, which attests to a somewhat significant risk relative to the market. West Pharmaceutical returns are very sensitive to returns on the market. As the market goes up or down, West Pharmaceutical is expected to follow. West Pharmaceutical right now maintains a risk of 2.96%. Please check out West Pharmaceutical sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if West Pharmaceutical will be following its historical returns.
Auto-correlation | -0.46 |
Modest reverse predictability
West Pharmaceutical Services has modest reverse predictability. Overlapping area represents the amount of predictability between West Pharmaceutical time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of West Pharmaceutical price movement. The serial correlation of -0.46 indicates that about 46.0% of current West Pharmaceutical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1076.73 |
West Pharmaceutical lagged returns against current returns
Autocorrelation, which is West Pharmaceutical stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting West Pharmaceutical's stock expected returns. We can calculate the autocorrelation of West Pharmaceutical returns to help us make a trade decision. For example, suppose you find that West Pharmaceutical has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
West Pharmaceutical regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If West Pharmaceutical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if West Pharmaceutical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in West Pharmaceutical stock over time.
Current vs Lagged Prices |
| Timeline |
West Pharmaceutical Lagged Returns
When evaluating West Pharmaceutical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of West Pharmaceutical stock have on its future price. West Pharmaceutical autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, West Pharmaceutical autocorrelation shows the relationship between West Pharmaceutical stock current value and its past values and can show if there is a momentum factor associated with investing in West Pharmaceutical Services.
Regressed Prices |
| Timeline |
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Additional Tools for West Stock Analysis
When running West Pharmaceutical's price analysis, check to measure West Pharmaceutical'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 West Pharmaceutical is operating at the current time. Most of West Pharmaceutical's value examination focuses on studying past and present price action to predict the probability of West Pharmaceutical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move West Pharmaceutical's price. Additionally, you may evaluate how the addition of West Pharmaceutical to your portfolios can decrease your overall portfolio volatility.