West Common Stock from 2010 to 2026
| WCYN Stock | USD 0.0001 0.00 0.000003% |
Common Stock | First Reported 2010-12-31 | Previous Quarter 25.5 K | Current Value 23.6 K | Quarterly Volatility 967.04591156 |
Check West Canyon financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among West Canyon's main balance sheet or income statement drivers, such as Interest Expense of 0.0, Selling General Administrative of 411.2 K or Total Revenue of 0.0, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 4.94 or Days Sales Outstanding of 0.0. West financial statements analysis is a perfect complement when working with West Canyon Valuation or Volatility modules.
West | Common Stock | Build AI portfolio with West Stock |
Evaluating West Canyon's Common Stock across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into West Canyon Energy's fundamental strength.
Latest West Canyon's Common Stock Growth Pattern
Below is the plot of the Common Stock of West Canyon Energy over the last few years. It is West Canyon's Common Stock historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in West Canyon's overall financial position and show how it may be relating to other accounts over time.
| Common Stock | 10 Years Trend |
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Common Stock |
| Timeline |
West Common Stock Regression Statistics
| Arithmetic Mean | 22,389 | |
| Geometric Mean | 22,371 | |
| Coefficient Of Variation | 4.32 | |
| Mean Deviation | 509.96 | |
| Median | 22,207 | |
| Standard Deviation | 967.05 | |
| Sample Variance | 935,178 | |
| Range | 4.9K | |
| R-Value | 0.60 | |
| Mean Square Error | 635,608 | |
| R-Squared | 0.36 | |
| Significance | 0.01 | |
| Slope | 115.35 | |
| Total Sum of Squares | 15M |
West Common Stock History
About West Canyon Financial Statements
West Canyon investors utilize fundamental indicators, such as Common Stock, to predict how West Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Common Stock | 25.5 K | 23.6 K |
Pair Trading with West Canyon
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 Canyon 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 Canyon will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to West Canyon 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 Canyon 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 Canyon - 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 Canyon Energy to buy it.
The correlation of West Canyon 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 Canyon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if West Canyon Energy 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 Canyon 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.Check out the analysis of West Canyon Correlation against competitors. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Will Oil & Gas Exploration & Production sector continue expanding? Could West diversify its offerings? Factors like these will boost the valuation of West Canyon. Anticipated expansion of West directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every West Canyon data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
The market value of West Canyon Energy 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 Canyon's value that differs from its market value or its book value, called intrinsic value, which is West Canyon's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because West Canyon's market value can be influenced by many factors that don't directly affect West Canyon'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 Canyon's value and its price as these two are different measures arrived at by different means. Investors typically determine if West Canyon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, West Canyon's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.