Western Exploration Stock Market Value
| WEX Stock | 0.63 0.01 1.56% |
| Symbol | Western |
Western Exploration Price To Book Ratio
Western Exploration '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 Exploration'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 Exploration.
| 12/03/2025 |
| 01/02/2026 |
If you would invest 0.00 in Western Exploration on December 3, 2025 and sell it all today you would earn a total of 0.00 from holding Western Exploration or generate 0.0% return on investment in Western Exploration over 30 days. Western Exploration is related to or competes with Mirasol Resources, Silver Bullet, Western Alaska, Equity Metals, Cassiar Gold, and North Peak. WinEldrich Mines Limited, an exploration stage company, engages in the acquisition, exploration, and development of resource properties in the United States. More
Western Exploration 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 Exploration'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 Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 16.38 | |||
| Value At Risk | (6.41) | |||
| Potential Upside | 7.04 |
Western Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Exploration's standard deviation. In reality, there are many statistical measures that can use Western Exploration historical prices to predict the future Western Exploration's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (0.36) |
Western Exploration Backtested Returns
Western Exploration shows Sharpe Ratio of -0.18, which attests that the company had a -0.18 % return per unit of risk over the last 3 months. Western Exploration exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Exploration's Market Risk Adjusted Performance of (0.35), mean deviation of 2.76, and Standard Deviation of 3.77 to validate the risk estimate we provide. The firm maintains a market beta of 1.35, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Western Exploration will likely underperform. At this point, Western Exploration has a negative expected return of -0.64%. Please make sure to check out Western Exploration's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Western Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Western Exploration has weak reverse predictability. Overlapping area represents the amount of predictability between Western Exploration time series from 3rd of December 2025 to 18th of December 2025 and 18th of December 2025 to 2nd of January 2026. 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 Exploration price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Western Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Western Exploration lagged returns against current returns
Autocorrelation, which is Western Exploration 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 Exploration's stock expected returns. We can calculate the autocorrelation of Western Exploration returns to help us make a trade decision. For example, suppose you find that Western Exploration 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 Exploration 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 Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Exploration stock over time.
Current vs Lagged Prices |
| Timeline |
Western Exploration Lagged Returns
When evaluating Western Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Exploration stock have on its future price. Western Exploration 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 Exploration autocorrelation shows the relationship between Western Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in Western Exploration.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Western Stock Analysis
When running Western Exploration's price analysis, check to measure Western Exploration'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 Western Exploration is operating at the current time. Most of Western Exploration's value examination focuses on studying past and present price action to predict the probability of Western Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Exploration's price. Additionally, you may evaluate how the addition of Western Exploration to your portfolios can decrease your overall portfolio volatility.