Westaim Corp (Germany) Performance
| WEM1 Stock | 20.04 0.00 0.00% |
Westaim Corp has a performance score of 11 on a scale of 0 to 100. The firm maintains a market beta of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Westaim Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westaim Corp is expected to be smaller as well. Westaim Corp right now maintains a risk of 0.96%. Please check out Westaim Corp variance, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Westaim Corp will be following its historical returns.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in The Westaim Corp are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, Westaim Corp may actually be approaching a critical reversion point that can send shares even higher in February 2025. ...more
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Westaim Corp Relative Risk vs. Return Landscape
If you would invest 1,848 in The Westaim Corp on October 16, 2024 and sell it today you would earn a total of 156.00 from holding The Westaim Corp or generate 8.44% return on investment over 90 days. The Westaim Corp is generating 0.1419% of daily returns and assumes 0.955% volatility on return distribution over the 90 days horizon. Simply put, 8% of stocks are less volatile than Westaim, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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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 The 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 = 0.1486
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Estimated Market Risk
| 0.96 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Westaim Corp is performing at about 11% 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.
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.Evaluating Westaim Corp's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Westaim Corp's stock performance include:- 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.