West Pharmaceutical Services Stock Market Value

WST Stock  USD 331.41  2.29  0.70%   
West Pharmaceutical's market value is the price at which a share of West Pharmaceutical trades on a public exchange. It measures the collective expectations of West Pharmaceutical Services investors about its performance. West Pharmaceutical is selling for under 331.41 as of the 31st of May 2024; that is 0.70 percent up since the beginning of the trading day. The stock's last reported lowest price was 326.03.
With this module, you can estimate the performance of a buy and hold strategy of West Pharmaceutical Services and determine expected loss or profit from investing in West Pharmaceutical over a given investment horizon. Check out West Pharmaceutical Correlation, West Pharmaceutical Volatility and West Pharmaceutical Alpha and Beta module to complement your research on West Pharmaceutical.
Symbol

West Pharmaceutical Price To Book Ratio

Is West Pharmaceutical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of West Pharmaceutical. If investors know West will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about West Pharmaceutical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.16)
Dividend Share
0.78
Earnings Share
7.59
Revenue Per Share
39.549
Quarterly Revenue Growth
(0.03)
The market value of West Pharmaceutical is measured differently than its book value, which is the value of West that is recorded on the company's balance sheet. Investors also form their own opinion of West Pharmaceutical's value that differs from its market value or its book value, called intrinsic value, which is West Pharmaceutical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because West Pharmaceutical's market value can be influenced by many factors that don't directly affect West Pharmaceutical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between West Pharmaceutical's value and its price as these two are different measures arrived at by different means. Investors typically determine if West Pharmaceutical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, West Pharmaceutical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

West Pharmaceutical 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to West Pharmaceutical's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of West Pharmaceutical.
0.00
05/01/2024
No Change 0.00  0.0 
In 31 days
05/31/2024
0.00
If you would invest  0.00  in West Pharmaceutical on May 1, 2024 and sell it all today you would earn a total of 0.00 from holding West Pharmaceutical Services or generate 0.0% return on investment in West Pharmaceutical over 30 days. West Pharmaceutical is related to or competes with Teleflex Incorporated, Alcon AG, ResMed, ICU Medical, Cooper Companies, Hologic, and Haemonetics. West Pharmaceutical Services, Inc. designs, manufactures, and sells containment and delivery systems for injectable drug... More

West Pharmaceutical Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure West Pharmaceutical's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess West Pharmaceutical Services upside and downside potential and time the market with a certain degree of confidence.

West Pharmaceutical Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for West Pharmaceutical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as West Pharmaceutical's standard deviation. In reality, there are many statistical measures that can use West Pharmaceutical historical prices to predict the future West Pharmaceutical's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of West Pharmaceutical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
327.87329.57331.27
Details
Intrinsic
Valuation
LowRealHigh
296.21372.94374.65
Details
Naive
Forecast
LowNextHigh
317.82319.51321.21
Details
9 Analysts
Consensus
LowTargetHigh
364.65400.71444.79
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as West Pharmaceutical. Your research has to be compared to or analyzed against West Pharmaceutical's peers to derive any actionable benefits. When done correctly, West Pharmaceutical's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in West Pharmaceutical.

West Pharmaceutical Backtested Returns

West Pharmaceutical shows Sharpe Ratio of -0.0653, which attests that the company had a -0.0653% return per unit of risk over the last 3 months. West Pharmaceutical exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out West Pharmaceutical's Standard Deviation of 1.66, market risk adjusted performance of (0.11), and Mean Deviation of 1.17 to validate the risk estimate we provide. The firm maintains a market beta of 1.03, which attests to a somewhat significant risk relative to the market. West Pharmaceutical returns are very sensitive to returns on the market. As the market goes up or down, West Pharmaceutical is expected to follow. West Pharmaceutical has an expected return of -0.11%. Please make sure to check out West Pharmaceutical maximum drawdown and rate of daily change , to decide if West Pharmaceutical performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.41  

Average predictability

West Pharmaceutical Services has average predictability. Overlapping area represents the amount of predictability between West Pharmaceutical time series from 1st of May 2024 to 16th of May 2024 and 16th of May 2024 to 31st of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of West Pharmaceutical price movement. The serial correlation of 0.41 indicates that just about 41.0% of current West Pharmaceutical price fluctuation can be explain by its past prices.
Correlation Coefficient0.41
Spearman Rank Test0.31
Residual Average0.0
Price Variance104.64

West Pharmaceutical lagged returns against current returns

Autocorrelation, which is West Pharmaceutical stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting West Pharmaceutical's stock expected returns. We can calculate the autocorrelation of West Pharmaceutical returns to help us make a trade decision. For example, suppose you find that West Pharmaceutical has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

West Pharmaceutical regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If West Pharmaceutical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if West Pharmaceutical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in West Pharmaceutical stock over time.
   Current vs Lagged Prices   
       Timeline  

West Pharmaceutical Lagged Returns

When evaluating West Pharmaceutical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of West Pharmaceutical stock have on its future price. West Pharmaceutical autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, West Pharmaceutical autocorrelation shows the relationship between West Pharmaceutical stock current value and its past values and can show if there is a momentum factor associated with investing in West Pharmaceutical Services.
   Regressed Prices   
       Timeline  

Pair Trading with West Pharmaceutical

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if West Pharmaceutical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in West Pharmaceutical will appreciate offsetting losses from the drop in the long position's value.

Moving together with West Stock

  0.64CAH Cardinal Health Fiscal Year End 20th of August 2024 PairCorr

Moving against West Stock

  0.62WGS GeneDx Holdings CorpPairCorr
  0.52INGN Inogen IncPairCorr
The ability to find closely correlated positions to West Pharmaceutical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace West Pharmaceutical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back West Pharmaceutical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling West Pharmaceutical Services to buy it.
The correlation of West Pharmaceutical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as West Pharmaceutical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if West Pharmaceutical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for West Pharmaceutical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether West Pharmaceutical is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if West Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about West Pharmaceutical Services Stock. Highlighted below are key reports to facilitate an investment decision about West Pharmaceutical Services Stock:
Check out West Pharmaceutical Correlation, West Pharmaceutical Volatility and West Pharmaceutical Alpha and Beta module to complement your research on West Pharmaceutical.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running West Pharmaceutical's price analysis, check to measure West Pharmaceutical'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 Pharmaceutical is operating at the current time. Most of West Pharmaceutical's value examination focuses on studying past and present price action to predict the probability of West Pharmaceutical'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 Pharmaceutical's price. Additionally, you may evaluate how the addition of West Pharmaceutical to your portfolios can decrease your overall portfolio volatility.
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West Pharmaceutical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of West Pharmaceutical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of West Pharmaceutical trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...