Westwater Resources Stock Market Value
| WWR Stock | USD 0.55 0.01 1.85% |
| Symbol | Westwater |
Is Oil, Gas & Consumable Fuels 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 Westwater Resources. If investors know Westwater 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 Westwater Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.13) | Return On Assets (0.05) | Return On Equity (0.06) |
The market value of Westwater Resources is measured differently than its book value, which is the value of Westwater that is recorded on the company's balance sheet. Investors also form their own opinion of Westwater Resources' value that differs from its market value or its book value, called intrinsic value, which is Westwater Resources' 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 Westwater Resources' market value can be influenced by many factors that don't directly affect Westwater Resources' 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 Westwater Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Westwater Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westwater Resources' 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.
Westwater Resources '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 Westwater Resources' 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 Westwater Resources.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Westwater Resources on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Westwater Resources or generate 0.0% return on investment in Westwater Resources over 30 days. Westwater Resources is related to or competes with Graphite One, IGO, Solitario Exploration, Nexa Resources, Syrah Resources, Vizsla Resources, and Americas Silver. Westwater Resources, Inc. operates as an energy materials developer More
Westwater Resources 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 Westwater Resources' 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 Westwater Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.86 | |||
| Information Ratio | 0.0215 | |||
| Maximum Drawdown | 27.6 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.77 |
Westwater Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westwater Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westwater Resources' standard deviation. In reality, there are many statistical measures that can use Westwater Resources historical prices to predict the future Westwater Resources' volatility.| Risk Adjusted Performance | 0.051 | |||
| Jensen Alpha | 0.2405 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.021 | |||
| Treynor Ratio | (0.63) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westwater Resources' 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.
Westwater Resources Backtested Returns
Currently, Westwater Resources is abnormally volatile. Westwater Resources shows Sharpe Ratio of 0.0334, which attests that the company had a 0.0334% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Westwater Resources, which you can use to evaluate the volatility of the company. Please check out Westwater Resources' Market Risk Adjusted Performance of (0.62), downside deviation of 3.86, and Mean Deviation of 2.12 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Westwater Resources has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Westwater Resources are expected to decrease at a much lower rate. During the bear market, Westwater Resources is likely to outperform the market. Westwater Resources right now maintains a risk of 3.78%. Please check out Westwater Resources sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if Westwater Resources will be following its historical returns.
Auto-correlation | 0.62 |
Good predictability
Westwater Resources has good predictability. Overlapping area represents the amount of predictability between Westwater Resources time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Westwater Resources price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Westwater Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Westwater Resources lagged returns against current returns
Autocorrelation, which is Westwater Resources 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 Westwater Resources' stock expected returns. We can calculate the autocorrelation of Westwater Resources returns to help us make a trade decision. For example, suppose you find that Westwater Resources 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 |
Westwater Resources 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 Westwater Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westwater Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westwater Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Westwater Resources Lagged Returns
When evaluating Westwater Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westwater Resources stock have on its future price. Westwater Resources 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, Westwater Resources autocorrelation shows the relationship between Westwater Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Westwater Resources.
Regressed Prices |
| Timeline |
Pair Trading with Westwater Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Westwater Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Westwater Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Westwater Stock
| 0.44 | FMST | Foremost Lithium Resource | PairCorr |
| 0.43 | ELBM | Electra Battery Materials | PairCorr |
| 0.32 | BYU | BAIYU Holdings | PairCorr |
The ability to find closely correlated positions to Westwater Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westwater Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Westwater Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Westwater Resources to buy it.
The correlation of Westwater Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Westwater Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westwater Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Westwater Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Westwater Stock Analysis
When running Westwater Resources' price analysis, check to measure Westwater Resources' 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 Westwater Resources is operating at the current time. Most of Westwater Resources' value examination focuses on studying past and present price action to predict the probability of Westwater Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westwater Resources' price. Additionally, you may evaluate how the addition of Westwater Resources to your portfolios can decrease your overall portfolio volatility.