West International (Sweden) Price on February 21, 2024
If you're considering investing in West Stock, it is important to understand the factors that can impact its price. West International shows Sharpe Ratio of -0.084, which attests that the company had a -0.084% return per unit of risk over the last 3 months. West International exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out West International's Mean Deviation of 2.1, market risk adjusted performance of 25.67, and Standard Deviation of 3.61 to validate the risk estimate we provide.
West Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
West |
Sharpe Ratio = -0.084
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| Negative Returns | WPAY |
Estimated Market Risk
| 3.61 actual daily | 32 68% of assets are more volatile |
Expected Return
| -0.3 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average West International is not performing at its full potential. However, 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 West International by adding West International to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
West International Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
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West International December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how West International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading West International shares will generate the highest return on investment. By undertsting and applying West International stock market strength indicators, traders can identify West International AB entry and exit signals to maximize returns
West International Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for West International's price direction in advance. Along with the technical and fundamental analysis of West Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of West to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 25.66 |
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Additional Tools for West Stock Analysis
When running West International's price analysis, check to measure West International'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 International is operating at the current time. Most of West International's value examination focuses on studying past and present price action to predict the probability of West International'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 International's price. Additionally, you may evaluate how the addition of West International to your portfolios can decrease your overall portfolio volatility.