Western Superconducting's market value is the price at which a share of Western Superconducting trades on a public exchange. It measures the collective expectations of Western Superconducting Tech investors about its performance. Western Superconducting is trading at 42.80 as of the 1st of February 2025, a 0.49 percent decrease since the beginning of the trading day. The stock's open price was 43.01. With this module, you can estimate the performance of a buy and hold strategy of Western Superconducting Tech and determine expected loss or profit from investing in Western Superconducting over a given investment horizon. Check out Western Superconducting Correlation, Western Superconducting Volatility and Western Superconducting Alpha and Beta module to complement your research on Western Superconducting.
Please note, there is a significant difference between Western Superconducting's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Superconducting is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Superconducting'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.
Western Superconducting '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 Western Superconducting'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 Western Superconducting.
0.00
08/05/2024
No Change 0.00
0.0
In 5 months and 30 days
02/01/2025
0.00
If you would invest 0.00 in Western Superconducting on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding Western Superconducting Tech or generate 0.0% return on investment in Western Superconducting over 180 days. Western Superconducting is related to or competes with Nanxing Furniture, Ziel Home, Quectel Wireless, Luolai Home, Namchow Food, Zoy Home, and Ligao Foods. Western Superconducting is entity of China More
Western Superconducting 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 Western Superconducting'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 Western Superconducting Tech upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Superconducting's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Superconducting's standard deviation. In reality, there are many statistical measures that can use Western Superconducting historical prices to predict the future Western Superconducting's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Western Superconducting. Your research has to be compared to or analyzed against Western Superconducting's peers to derive any actionable benefits. When done correctly, Western Superconducting'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 Western Superconducting.
Western Superconducting Backtested Returns
Western Superconducting shows Sharpe Ratio of -0.12, which attests that the company had a -0.12 % return per unit of risk over the last 3 months. Western Superconducting exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Superconducting's Market Risk Adjusted Performance of (1.10), standard deviation of 1.97, and Mean Deviation of 1.5 to validate the risk estimate we provide. The firm maintains a market beta of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Western Superconducting's returns are expected to increase less than the market. However, during the bear market, the loss of holding Western Superconducting is expected to be smaller as well. At this point, Western Superconducting has a negative expected return of -0.25%. Please make sure to check out Western Superconducting's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Western Superconducting performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.49
Modest reverse predictability
Western Superconducting Tech has modest reverse predictability. Overlapping area represents the amount of predictability between Western Superconducting time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Western Superconducting price movement. The serial correlation of -0.49 indicates that about 49.0% of current Western Superconducting price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.49
Spearman Rank Test
-0.56
Residual Average
0.0
Price Variance
8.49
Western Superconducting lagged returns against current returns
Autocorrelation, which is Western Superconducting 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 Western Superconducting's stock expected returns. We can calculate the autocorrelation of Western Superconducting returns to help us make a trade decision. For example, suppose you find that Western Superconducting 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
Western Superconducting 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 Western Superconducting stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Superconducting stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Superconducting stock over time.
Current vs Lagged Prices
Timeline
Western Superconducting Lagged Returns
When evaluating Western Superconducting's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Superconducting stock have on its future price. Western Superconducting 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, Western Superconducting autocorrelation shows the relationship between Western Superconducting stock current value and its past values and can show if there is a momentum factor associated with investing in Western Superconducting Tech.
Western Superconducting 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 Superconducting security.