Western Energy Services Stock Market Value
| WEEEF Stock | USD 1.93 0.04 2.12% |
| Symbol | Western |
Western 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 Western Energy's pink sheet 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 Energy.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Western Energy on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Western Energy Services or generate 0.0% return on investment in Western Energy over 180 days. Western Energy is related to or competes with Petroleo Brasileiro, Equinor ASA, Eni SPA, YPF Sociedad, Ecopetrol, BP PLC, and Shell PLC. Western Energy Services Corp. operates as an oilfield service company in Canada and the United States More
Western 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 Western Energy's pink sheet 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 Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.06 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 2.12 |
Western Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Energy's standard deviation. In reality, there are many statistical measures that can use Western Energy historical prices to predict the future Western Energy's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Western Energy Services Backtested Returns
Western Energy Services shows Sharpe Ratio of -0.0908, which attests that the company had a -0.0908% return per unit of risk over the last 3 months. Western Energy Services exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Energy's Standard Deviation of 1.77, market risk adjusted performance of (0.05), and Mean Deviation of 0.7478 to validate the risk estimate we provide. The firm maintains a market beta of 0.71, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Western Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Western Energy is expected to be smaller as well. At this point, Western Energy Services has a negative expected return of -0.14%. Please make sure to check out Western Energy's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Western Energy Services performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Western Energy Services has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Western Energy time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Western Energy Services price movement. The serial correlation of -0.72 indicates that around 72.0% of current Western Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Western Energy Services lagged returns against current returns
Autocorrelation, which is Western Energy pink sheet'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 Energy's pink sheet expected returns. We can calculate the autocorrelation of Western Energy returns to help us make a trade decision. For example, suppose you find that Western Energy has exhibited high autocorrelation historically, and you observe that the pink sheet 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 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 Western Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Western Energy Lagged Returns
When evaluating Western Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Energy pink sheet have on its future price. Western 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, Western Energy autocorrelation shows the relationship between Western Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Western Energy Services.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Western Pink Sheet
Western Energy financial ratios help investors to determine whether Western Pink Sheet 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 Energy security.