Westaim Corp Stock Performance
| WED Stock | CAD 4.97 0.06 1.22% |
On a scale of 0 to 100, Westaim Corp holds a performance score of 12. The firm maintains a market beta of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Westaim Corp are expected to decrease at a much lower rate. During the bear market, Westaim Corp is likely to outperform the market. Please check Westaim Corp's skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether Westaim Corp's historical returns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Westaim Corp are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak basic indicators, Westaim Corp showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:50 | Dividend Date 2020-07-15 | Ex Dividend Date 2012-10-01 | Last Split Date 2013-10-01 |
1 | Westaim Finalizes Sale of Skyward Specialty Shares - TipRanks | 09/10/2024 |
| Begin Period Cash Flow | 3.4 M |
Westaim |
Westaim Corp Relative Risk vs. Return Landscape
If you would invest 395.00 in Westaim Corp on August 24, 2024 and sell it today you would earn a total of 102.00 from holding Westaim Corp or generate 25.82% return on investment over 90 days. Westaim Corp is currently producing 0.4018% returns and takes up 2.5907% volatility of returns over 90 trading days. Put another way, 23% of traded stocks are less volatile than Westaim, and 92% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Westaim Corp Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westaim Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Westaim Corp, and traders can use it to determine the average amount a Westaim Corp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1551
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Estimated Market Risk
| 2.59 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.4 actual daily | 7 93% 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.
Westaim Corp Fundamentals Growth
Westaim Stock prices reflect investors' perceptions of the future prospects and financial health of Westaim Corp, and Westaim Corp fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Westaim Stock performance.
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.076 | ||||
| Profit Margin | 0.62 % | ||||
| Operating Margin | 7.88 % | ||||
| Current Valuation | 139.05 M | ||||
| Shares Outstanding | 128.17 M | ||||
| Price To Earning | 26.83 X | ||||
| Price To Book | 0.88 X | ||||
| Price To Sales | 6.04 X | ||||
| Revenue | 211.27 M | ||||
| Gross Profit | 27.44 M | ||||
| EBITDA | 186.42 M | ||||
| Net Income | 183.98 M | ||||
| Cash And Equivalents | 375.18 M | ||||
| Cash Per Share | 2.62 X | ||||
| Total Debt | 128 K | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 31.91 X | ||||
| Book Value Per Share | 3.96 X | ||||
| Cash Flow From Operations | (3.09 M) | ||||
| Earnings Per Share | 0.67 X | ||||
| Market Capitalization | 653.68 M | ||||
| Total Asset | 551.82 M | ||||
| Retained Earnings | 152.99 M | ||||
| Working Capital | 4.86 M | ||||
| Current Asset | 10.38 M | ||||
| Current Liabilities | 5.52 M | ||||
About Westaim Corp Performance
Evaluating Westaim Corp's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Westaim Corp has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Westaim Corp has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | -40.7 K | -38.7 K | |
| Return On Tangible Assets | 0.33 | 0.35 | |
| Return On Capital Employed | 0.37 | 0.39 | |
| Return On Assets | 0.33 | 0.35 | |
| Return On Equity | 0.35 | 0.37 |
Things to note about Westaim Corp performance evaluation
Checking the ongoing alerts about Westaim Corp for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Westaim Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Westaim Corp is unlikely to experience financial distress in the next 2 years | |
| Westaim Corp has accumulated about 375.18 M in cash with (3.09 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.62. |
- Analyzing Westaim Corp's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Westaim Corp's stock is overvalued or undervalued compared to its peers.
- Examining Westaim Corp's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Westaim Corp's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Westaim Corp's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Westaim Corp's stock. These opinions can provide insight into Westaim Corp's potential for growth and whether the stock is currently undervalued or overvalued.
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.