Westbond Stock Today

WBE Stock  CAD 0.27  0.01  3.85%   
Market Performance
0 of 100
Odds Of Distress
Less than 22
Westbond Enterprises is selling for under 0.27 as of the 5th of February 2023; that is 3.85 percent increase since the beginning of the trading day. The stock's lowest day price was 0.27. Westbond Enterprises has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Westbond Enterprises Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of January 2023 and ending today, the 5th of February 2023. Click here to learn more.
Fiscal Year End
March
Category
Basic Materials
ISIN
CA95712L1022
WestBond Enterprises Corporation, together with its subsidiary, WestBond Industries Inc., manufactures and sells disposable paper products for medical, hygienic, and industrial uses primarily in Canada and the United States. WestBond Enterprises Corporation is headquartered in Delta, Canada. The company has 35.63 M outstanding shares of which 12.81 K shares are at this time shorted by private and institutional investors with about 1.04 days to cover all short positions. More on Westbond Enterprises Corp
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Westbond Enterprises Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Westbond Enterprises' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Westbond Enterprises or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Westbond Enterprises' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
Westbond Enterprises Corp (WBE) is traded on TSX Venture Exchange in Canada and employs 8 people. The company currently falls under 'Nano-Cap' category with a current market capitalization of 9.44 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Westbond Enterprises's market, we take the total number of its shares issued and multiply it by Westbond Enterprises's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Westbond Enterprises Corp classifies itself under Basic Materials sector and is part of Paper & Paper Products industry. The entity has 35.63 M outstanding shares of which 12.81 K shares are at this time shorted by private and institutional investors with about 1.04 days to cover all short positions. Westbond Enterprises Corp has accumulated about 474.03 K in cash with 1.04 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Westbond Enterprises Probability Of Bankruptcy
Ownership
Westbond Enterprises Corp retains a total of thirty-five million six hundred twenty-five thousand eight hundred outstanding shares. Westbond Enterprises Corp owns significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how much assets the company shows, if the real value of the company is less than the current market value, you may not be able to make money on it.

Ownership Allocation

Check Westbond Ownership Details

Westbond Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of Westbond Enterprises jumping above the current price in 90 days from now is about 50.0%. The Westbond Enterprises Corp probability density function shows the probability of Westbond Enterprises stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Westbond Enterprises Corp has a beta of -0.3131. This entails as returns on benchmark increase, returns on holding Westbond Enterprises are expected to decrease at a much lower rate. During the bear market, however, Westbond Enterprises Corp is likely to outperform the market. Additionally, the company has an alpha of 0.0544, implying that it can generate a 0.0544 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 0.27HorizonTargetOdds Above 0.27
49.77%90 days
 0.27 
50.00%
Based on a normal probability distribution, the odds of Westbond Enterprises to move above the current price in 90 days from now is about 50.0 (This Westbond Enterprises Corp probability density function shows the probability of Westbond Stock to fall within a particular range of prices over 90 days) .

Westbond Enterprises Corp Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Westbond Enterprises market risk premium is the additional return an investor will receive from holding Westbond Enterprises 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 Westbond Enterprises. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Westbond Enterprises' alpha and beta are two of the key measurements used to evaluate Westbond Enterprises' performance over the market, the standard measures of volatility play an important role as well.

Westbond Stock Against Markets

Picking the right benchmark for Westbond Enterprises stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Westbond Enterprises stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Westbond Enterprises is critical whether you are bullish or bearish towards Westbond Enterprises Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Westbond Enterprises without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Westbond Enterprises Corporate Management

Elected by the shareholders, the Westbond Enterprises' board of directors comprises two types of representatives: Westbond Enterprises inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Westbond. The board's role is to monitor Westbond Enterprises' management team and ensure that shareholders' interests are well served. Westbond Enterprises' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Westbond Enterprises' outside directors are responsible for providing unbiased perspectives on the board's policies.
Xander Oxman - CoFounderProfile
Brian Smith - Chairman, FounderProfile
Erin Green - Chief OfficerProfile
Geoffrey McFarlane - Founder DirectorProfile
Subhashni Prasad - Treasurer SecProfile
Carol Brault - Chief OfficerProfile
Mark Lynn - CoFounderProfile

Invested in Westbond Enterprises Corp?

The danger of trading Westbond Enterprises Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Westbond Enterprises is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Westbond Enterprises. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Westbond Enterprises Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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When running Westbond Enterprises Corp price analysis, check to measure Westbond Enterprises' 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 Westbond Enterprises is operating at the current time. Most of Westbond Enterprises' value examination focuses on studying past and present price action to predict the probability of Westbond Enterprises' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Westbond Enterprises' price. Additionally, you may evaluate how the addition of Westbond Enterprises to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Westbond Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine Westbond Enterprises value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westbond Enterprises' 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.