Wesdome Gold Mines Stock Alpha and Beta Analysis
| WDO Stock | CAD 12.09 0.08 0.67% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Wesdome Gold Mines. It also helps investors analyze the systematic and unsystematic risks associated with investing in Wesdome Gold over a specified time horizon. Remember, high Wesdome Gold's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Wesdome Gold's market risk premium analysis include:
Beta 0.26 | Alpha (0.20) | Risk 2.47 | Sharpe Ratio (0.05) | Expected Return (0.12) |
Wesdome Gold Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Wesdome |
Wesdome Gold Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Wesdome Gold market risk premium is the additional return an investor will receive from holding Wesdome Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Wesdome Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Wesdome Gold's performance over market.| α | -0.2 | β | 0.26 |
Wesdome Gold expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Wesdome Gold's Buy-and-hold return. Our buy-and-hold chart shows how Wesdome Gold performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Wesdome Gold Market Price Analysis
Market price analysis indicators help investors to evaluate how Wesdome Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wesdome Gold shares will generate the highest return on investment. By understating and applying Wesdome Gold stock market price indicators, traders can identify Wesdome Gold position entry and exit signals to maximize returns.
Wesdome Gold Return and Market Media
The median price of Wesdome Gold for the period between Sun, Aug 25, 2024 and Sat, Nov 23, 2024 is 12.65 with a coefficient of variation of 5.33. The daily time series for the period is distributed with a sample standard deviation of 0.67, arithmetic mean of 12.63, and mean deviation of 0.55. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Wesdome Gold Mines Ltd. Announces Appointment of Ronald Jono Lawrence as Senior Vice President, Exploration and Resources, Effective January 1, 2025 - Marketscr... | 09/12/2024 |
2 | National Bank Financial Comments on TSEWDO Q4 Earnings - MarketBeat | 11/21/2024 |
About Wesdome Gold Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Wesdome or other stocks. Alpha measures the amount that position in Wesdome Gold Mines has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.0153 | 0.0139 | Price To Sales Ratio | 3.42 | 3.25 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Wesdome Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Wesdome Gold's short interest history, or implied volatility extrapolated from Wesdome Gold options trading.
Build Portfolio with Wesdome Gold
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Other Information on Investing in Wesdome Stock
Wesdome Gold financial ratios help investors to determine whether Wesdome 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 Wesdome with respect to the benefits of owning Wesdome Gold security.