Westinghouse Air Brake Stock Market Value
| WAB Stock | USD 198.03 3.60 1.85% |
| Symbol | Westinghouse |
Westinghouse Air Brake Price To Book Ratio
Is Construction Machinery & Heavy Transportation Equipment space 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 Westinghouse Air. If investors know Westinghouse 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 Westinghouse Air 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 0.226 | Dividend Share 0.77 | Earnings Share 6.01 | Revenue Per Share 58.76 | Quarterly Revenue Growth 0.044 |
The market value of Westinghouse Air Brake is measured differently than its book value, which is the value of Westinghouse that is recorded on the company's balance sheet. Investors also form their own opinion of Westinghouse Air's value that differs from its market value or its book value, called intrinsic value, which is Westinghouse Air'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 Westinghouse Air's market value can be influenced by many factors that don't directly affect Westinghouse Air'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 Westinghouse Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westinghouse Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westinghouse Air'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.
Westinghouse Air '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 Westinghouse Air'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 Westinghouse Air.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Westinghouse Air on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Westinghouse Air Brake or generate 0.0% return on investment in Westinghouse Air over 720 days. Westinghouse Air is related to or competes with Greenbrier Companies, LB Foster, Freightcar America, CSX, Norfolk Southern, Union Pacific, and Canadian Pacific. Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freig... More
Westinghouse Air 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 Westinghouse Air'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 Westinghouse Air Brake upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.889 | |||
| Information Ratio | 0.1859 | |||
| Maximum Drawdown | 5.1 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 2.14 |
Westinghouse Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westinghouse Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westinghouse Air's standard deviation. In reality, there are many statistical measures that can use Westinghouse Air historical prices to predict the future Westinghouse Air's volatility.| Risk Adjusted Performance | 0.208 | |||
| Jensen Alpha | 0.195 | |||
| Total Risk Alpha | 0.1661 | |||
| Sortino Ratio | 0.2325 | |||
| Treynor Ratio | 0.2569 |
Westinghouse Air Brake Backtested Returns
Westinghouse Air appears to be very steady, given 3 months investment horizon. Westinghouse Air Brake shows Sharpe Ratio of 0.25, which attests that the company had a 0.25% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Westinghouse Air Brake, which you can use to evaluate the volatility of the company. Please utilize Westinghouse Air's Market Risk Adjusted Performance of 0.2669, downside deviation of 0.889, and Mean Deviation of 0.8457 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Westinghouse Air holds a performance score of 19. The firm maintains a market beta of 1.14, which attests to a somewhat significant risk relative to the market. Westinghouse Air returns are very sensitive to returns on the market. As the market goes up or down, Westinghouse Air is expected to follow. Please check Westinghouse Air's value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Westinghouse Air's historical returns will revert.
Auto-correlation | 0.38 |
Below average predictability
Westinghouse Air Brake has below average predictability. Overlapping area represents the amount of predictability between Westinghouse Air time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st of November 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 Westinghouse Air Brake price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Westinghouse Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 462.18 |
Westinghouse Air Brake lagged returns against current returns
Autocorrelation, which is Westinghouse Air 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 Westinghouse Air's stock expected returns. We can calculate the autocorrelation of Westinghouse Air returns to help us make a trade decision. For example, suppose you find that Westinghouse Air 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 |
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Westinghouse Air 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 Westinghouse Air stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westinghouse Air stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westinghouse Air stock over time.
Current vs Lagged Prices |
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Westinghouse Air Lagged Returns
When evaluating Westinghouse Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westinghouse Air stock have on its future price. Westinghouse Air 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, Westinghouse Air autocorrelation shows the relationship between Westinghouse Air stock current value and its past values and can show if there is a momentum factor associated with investing in Westinghouse Air Brake.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Westinghouse Air Brake offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Westinghouse Air's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Westinghouse Air Brake Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Westinghouse Air Brake Stock:Check out Westinghouse Air Correlation, Westinghouse Air Volatility and Westinghouse Air Alpha and Beta module to complement your research on Westinghouse Air. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Westinghouse Air 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.