Western Graham Net Net from 2010 to 2026
| WRX Stock | CAD 0.04 0.00 0.00% |
Graham Net Net | First Reported 2010-12-31 | Previous Quarter (0.26) | Current Value (0.25) | Quarterly Volatility 0.49773741 |
Check Western Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Western Resources' main balance sheet or income statement drivers, such as Interest Expense of 622.7 K, Selling General Administrative of 883.7 K or Other Operating Expenses of 1.5 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 0.37. Western financial statements analysis is a perfect complement when working with Western Resources Valuation or Volatility modules.
Western | Graham Net Net |
Evaluating Western Resources's Graham Net Net 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 Western Resources Corp's fundamental strength.
Latest Western Resources' Graham Net Net Growth Pattern
Below is the plot of the Graham Net Net of Western Resources Corp over the last few years. It is Western Resources' Graham Net Net historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Western Resources' overall financial position and show how it may be relating to other accounts over time.
| Graham Net Net | 10 Years Trend |
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Graham Net Net |
| Timeline |
Western Graham Net Net Regression Statistics
| Arithmetic Mean | 0.07 | |
| Coefficient Of Variation | 715.16 | |
| Mean Deviation | 0.37 | |
| Median | (0.17) | |
| Standard Deviation | 0.50 | |
| Sample Variance | 0.25 | |
| Range | 1.9448 | |
| R-Value | (0.68) | |
| Mean Square Error | 0.14 | |
| R-Squared | 0.46 | |
| Significance | 0 | |
| Slope | (0.07) | |
| Total Sum of Squares | 3.96 |
Western Graham Net Net History
About Western Resources Financial Statements
Western Resources investors utilize fundamental indicators, such as Graham Net Net, to predict how Western 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 | ||
| Graham Net Net | (0.26) | (0.25) |
Pair Trading with Western Resources
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 Western Resources 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 Western Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Western Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Western Resources 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 Western Resources - 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 Western Resources Corp to buy it.
The correlation of Western Resources 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 Western Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Resources Corp 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 Western Resources 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.Other Information on Investing in Western Stock
Western Resources financial ratios help investors to determine whether Western Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Western with respect to the benefits of owning Western Resources security.