Western Resources Corp Stock Beta
| WRX Stock | CAD 0.13 0.00 0.00% |
Western Resources Corp fundamentals help investors to digest information that contributes to Western Resources' financial success or failures. It also enables traders to predict the movement of Western Stock. The fundamental analysis module provides a way to measure Western Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Western Resources stock.
Western | Beta |
Western Resources Corp Company Beta Analysis
Western Resources' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Western Resources Beta | 1.16 |
Most of Western Resources' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Western Resources Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Western Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Western Resources is extremely important. It helps to project a fair market value of Western Stock properly, considering its historical fundamentals such as Beta. Since Western Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Western Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Western Resources' interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Western Resources Corp has a Beta of 1.164. This is 33.79% higher than that of the Metals & Mining sector and about the same as Materials (which currently averages 1.17) industry. The beta for all Canada stocks is notably lower than that of the firm.
Western Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Western Resources' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Western Resources could also be used in its relative valuation, which is a method of valuing Western Resources by comparing valuation metrics of similar companies.Western Resources is currently under evaluation in beta category among related companies.
Western Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Western Resources from analyzing Western Resources' financial statements. These drivers represent accounts that assess Western Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Western Resources' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 33.5M | 36.3M | 47.2M | 77.6M | 69.9M | 73.4M | |
| Enterprise Value | 70.8M | 56.6M | 83.8M | 152.2M | 137.0M | 143.8M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Western Resources will likely underperform.
Western Fundamentals
| Return On Equity | 0.0067 | |||
| Return On Asset | -0.0032 | |||
| Current Valuation | 133.18 M | |||
| Shares Outstanding | 408.14 M | |||
| Shares Owned By Insiders | 73.54 % | |||
| Number Of Shares Shorted | 4.02 K | |||
| Price To Earning | 11.30 X | |||
| Price To Book | 0.21 X | |||
| EBITDA | (1.73 M) | |||
| Net Income | 2.77 M | |||
| Cash And Equivalents | 2.2 M | |||
| Cash Per Share | 0.06 X | |||
| Total Debt | 60 K | |||
| Debt To Equity | 6.20 % | |||
| Current Ratio | 12.03 X | |||
| Book Value Per Share | 0.60 X | |||
| Cash Flow From Operations | (759.4 K) | |||
| Short Ratio | 0.05 X | |||
| Earnings Per Share | 0.01 X | |||
| Target Price | 0.23 | |||
| Number Of Employees | 42 | |||
| Beta | 1.16 | |||
| Market Capitalization | 48.98 M | |||
| Total Asset | 351.1 M | |||
| Retained Earnings | (96.83 M) | |||
| Working Capital | (100.19 K) | |||
| Net Asset | 351.1 M |
About Western Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Western Resources Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Western Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Western Resources Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Western Resources 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, Western Resources' short interest history, or implied volatility extrapolated from Western Resources options trading.
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Resources Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Western Stock analysis
When running Western Resources' price analysis, check to measure Western 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 Western Resources is operating at the current time. Most of Western Resources' value examination focuses on studying past and present price action to predict the probability of Western Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Resources' price. Additionally, you may evaluate how the addition of Western Resources to your portfolios can decrease your overall portfolio volatility.
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