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The Westaim (TSXV:WED) 6-Month Price Index : 1.04 (As of Apr. 30, 2024)


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What is The Westaim 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-04-30), The Westaim's 6-Month Price Index is 1.04.

Competitive Comparison of The Westaim's 6-Month Price Index

For the Asset Management subindustry, The Westaim's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The Westaim  (TSXV:WED) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The Westaim  (TSXV:WED) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

The Westaim 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of The Westaim's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

The Westaim (TSXV:WED) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Westaim Corp (TSXV:WED) » Definitions » 6-Month Price Index
Comparable Companies
TSXV:TINY TSX:AGF.B TSX:QRC TSX:FTN TSX:HFPC.U TSX:LBS.PR.A TSX:DFN TSX:BK TSX:FFN TSX:ENS BLK BX KKR OSTO:INVE A APO TSX:BN BK AMP LSE:III XSWX:PGHN
Traded in Other Exchanges
WEDXF:USA WEM1:Germany
Address
70 York Street, Suite 1700, Toronto, ON, CAN, M5J 1S9
Website
https://www.westaim.com
The Westaim Corp is a Canada-based investment company, engaged in providing long-term capital to businesses operating mainly within the financial services industry. It invests, directly and indirectly, through acquisitions, joint ventures, and other arrangements, to provide its shareholders with capital appreciation and real wealth preservation. The group seeks to acquire debt, equity, or derivative securities of both public and private companies. The company derives revenue mostly from interest income and dividend income. Geographically, it has a business presence in the U.S., Asia Pacific, Canada, Europe, and other countries.

The Westaim (TSXV:WED) Headlines

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