WesCan Energy's market value is the price at which a share of WesCan Energy trades on a public exchange. It measures the collective expectations of WesCan Energy Corp investors about its performance. WesCan Energy is selling for under 0.09 as of the 30th of November 2024; that is 18.18% down since the beginning of the trading day. The stock's lowest day price was 0.09. With this module, you can estimate the performance of a buy and hold strategy of WesCan Energy Corp and determine expected loss or profit from investing in WesCan Energy over a given investment horizon. Check out WesCan Energy Correlation, WesCan Energy Volatility and WesCan Energy Alpha and Beta module to complement your research on WesCan Energy.
Please note, there is a significant difference between WesCan Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if WesCan Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WesCan Energy'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.
WesCan Energy '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 WesCan Energy'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 WesCan Energy.
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10/31/2024
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In 31 days
11/30/2024
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If you would invest 0.00 in WesCan Energy on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding WesCan Energy Corp or generate 0.0% return on investment in WesCan Energy over 30 days. WesCan Energy is related to or competes with Yangarra Resources, and Pine Cliff. WesCan Energy Corp., a junior public resource company, explores for, develops, and produces oil and gas properties in Al... More
WesCan Energy 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 WesCan Energy'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 WesCan Energy Corp 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 WesCan Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WesCan Energy's standard deviation. In reality, there are many statistical measures that can use WesCan Energy historical prices to predict the future WesCan Energy's volatility.
WesCan Energy Corp shows Sharpe Ratio of -0.0042, which attests that the company had a -0.0042% return per unit of risk over the last 3 months. WesCan Energy Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WesCan Energy's Standard Deviation of 5.69, mean deviation of 2.52, and Market Risk Adjusted Performance of (1.16) to validate the risk estimate we provide. The firm maintains a market beta of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WesCan Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding WesCan Energy is expected to be smaller as well. At this point, WesCan Energy Corp has a negative expected return of -0.0228%. Please make sure to check out WesCan Energy's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if WesCan Energy Corp performance from the past will be repeated at some point in the near future.
Correlation Coefficient
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Spearman Rank Test
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Residual Average
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Price Variance
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WesCan Energy Corp lagged returns against current returns
Autocorrelation, which is WesCan Energy 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 WesCan Energy's stock expected returns. We can calculate the autocorrelation of WesCan Energy returns to help us make a trade decision. For example, suppose you find that WesCan Energy 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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WesCan Energy 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 WesCan Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WesCan Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WesCan Energy stock over time.
Current vs Lagged Prices
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WesCan Energy Lagged Returns
When evaluating WesCan Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WesCan Energy stock have on its future price. WesCan Energy 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, WesCan Energy autocorrelation shows the relationship between WesCan Energy stock current value and its past values and can show if there is a momentum factor associated with investing in WesCan Energy Corp.
Regressed Prices
Timeline
Thematic Opportunities
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When running WesCan Energy's price analysis, check to measure WesCan Energy's 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 WesCan Energy is operating at the current time. Most of WesCan Energy's value examination focuses on studying past and present price action to predict the probability of WesCan Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WesCan Energy's price. Additionally, you may evaluate how the addition of WesCan Energy to your portfolios can decrease your overall portfolio volatility.