Wisconsin Electric Power Stock Market Value
| WELPP Stock | USD 67.59 0.00 0.00% |
| Symbol | Wisconsin |
Wisconsin Electric '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 Wisconsin Electric's otc 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 Wisconsin Electric.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Wisconsin Electric on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Wisconsin Electric Power or generate 0.0% return on investment in Wisconsin Electric over 210 days. Wisconsin Electric is related to or competes with Union Electric, Xcel Energy, Alliant Energy, Entergy, Pinnacle West, and CMS Energy. Wisconsin Electric Power Company operates as an electric, natural gas, and steam utility company in the United States More
Wisconsin Electric 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 Wisconsin Electric's otc 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 Wisconsin Electric Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.03 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 1.4 |
Wisconsin Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wisconsin Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wisconsin Electric's standard deviation. In reality, there are many statistical measures that can use Wisconsin Electric historical prices to predict the future Wisconsin Electric's volatility.| Risk Adjusted Performance | 0.0571 | |||
| Jensen Alpha | 0.0478 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.3281 |
Wisconsin Electric Power Backtested Returns
Currently, Wisconsin Electric Power is very steady. Wisconsin Electric Power shows Sharpe Ratio of 0.0488, which attests that the company had a 0.0488% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Wisconsin Electric Power, which you can use to evaluate the volatility of the company. Please check out Wisconsin Electric's Downside Deviation of 1.77, mean deviation of 0.7243, and Market Risk Adjusted Performance of 0.3381 to validate if the risk estimate we provide is consistent with the expected return of 0.0624%. Wisconsin Electric has a performance score of 3 on a scale of 0 to 100. 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, Wisconsin Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wisconsin Electric is expected to be smaller as well. Wisconsin Electric Power right now maintains a risk of 1.28%. Please check out Wisconsin Electric Power sortino ratio, downside variance, as well as the relationship between the Downside Variance and rate of daily change , to decide if Wisconsin Electric Power will be following its historical returns.
Auto-correlation | 0.25 |
Poor predictability
Wisconsin Electric Power has poor predictability. Overlapping area represents the amount of predictability between Wisconsin Electric time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 Wisconsin Electric Power price movement. The serial correlation of 0.25 indicates that over 25.0% of current Wisconsin Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 1.42 |
Wisconsin Electric Power lagged returns against current returns
Autocorrelation, which is Wisconsin Electric otc 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 Wisconsin Electric's otc stock expected returns. We can calculate the autocorrelation of Wisconsin Electric returns to help us make a trade decision. For example, suppose you find that Wisconsin Electric has exhibited high autocorrelation historically, and you observe that the otc 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 |
Wisconsin Electric 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 Wisconsin Electric otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wisconsin Electric otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wisconsin Electric otc stock over time.
Current vs Lagged Prices |
| Timeline |
Wisconsin Electric Lagged Returns
When evaluating Wisconsin Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wisconsin Electric otc stock have on its future price. Wisconsin Electric 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, Wisconsin Electric autocorrelation shows the relationship between Wisconsin Electric otc stock current value and its past values and can show if there is a momentum factor associated with investing in Wisconsin Electric Power.
Regressed Prices |
| Timeline |
Pair Trading with Wisconsin Electric
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 Wisconsin Electric 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 Wisconsin Electric will appreciate offsetting losses from the drop in the long position's value.Moving against Wisconsin OTC Stock
The ability to find closely correlated positions to Wisconsin Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wisconsin Electric 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 Wisconsin Electric - 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 Wisconsin Electric Power to buy it.
The correlation of Wisconsin Electric 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 Wisconsin Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wisconsin Electric Power 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 Wisconsin Electric 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.Additional Tools for Wisconsin OTC Stock Analysis
When running Wisconsin Electric's price analysis, check to measure Wisconsin Electric'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 Wisconsin Electric is operating at the current time. Most of Wisconsin Electric's value examination focuses on studying past and present price action to predict the probability of Wisconsin Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wisconsin Electric's price. Additionally, you may evaluate how the addition of Wisconsin Electric to your portfolios can decrease your overall portfolio volatility.