Wesfarmers Ltd Adr Stock Market Value
| WFAFY Stock | USD 23.46 0.13 0.56% |
| Symbol | Wesfarmers |
Wesfarmers '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 Wesfarmers' 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 Wesfarmers.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Wesfarmers on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Wesfarmers Ltd ADR or generate 0.0% return on investment in Wesfarmers over 720 days. Wesfarmers is related to or competes with Haverty Furniture, Arhaus, Home Depot, and Lowes Companies. Wesfarmers Limited engages in the retail business in Australia, New Zealand, the United Kingdom, and internationally More
Wesfarmers 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 Wesfarmers' 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 Wesfarmers Ltd ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 8.92 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 2.04 |
Wesfarmers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wesfarmers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wesfarmers' standard deviation. In reality, there are many statistical measures that can use Wesfarmers historical prices to predict the future Wesfarmers' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.47) |
Wesfarmers ADR Backtested Returns
At this stage we consider Wesfarmers Pink Sheet to be very steady. Wesfarmers ADR shows Sharpe Ratio of 0.0012, which attests that the company had a 0.0012% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Wesfarmers ADR, which you can use to evaluate the volatility of the company. Please check out Wesfarmers' Mean Deviation of 1.2, market risk adjusted performance of (0.46), and Standard Deviation of 1.61 to validate if the risk estimate we provide is consistent with the expected return of 0.0017%. The firm maintains a market beta of 0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wesfarmers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Wesfarmers is expected to be smaller as well. Wesfarmers ADR right now maintains a risk of 1.5%. Please check out Wesfarmers ADR 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 Wesfarmers ADR will be following its historical returns.
Auto-correlation | 0.33 |
Below average predictability
Wesfarmers Ltd ADR has below average predictability. Overlapping area represents the amount of predictability between Wesfarmers time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Wesfarmers ADR price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Wesfarmers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 3.76 |
Wesfarmers ADR lagged returns against current returns
Autocorrelation, which is Wesfarmers 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 Wesfarmers' pink sheet expected returns. We can calculate the autocorrelation of Wesfarmers returns to help us make a trade decision. For example, suppose you find that Wesfarmers 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 |
Wesfarmers 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 Wesfarmers pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wesfarmers pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wesfarmers pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Wesfarmers Lagged Returns
When evaluating Wesfarmers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wesfarmers pink sheet have on its future price. Wesfarmers 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, Wesfarmers autocorrelation shows the relationship between Wesfarmers pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Wesfarmers Ltd ADR.
Regressed Prices |
| Timeline |
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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.Additional Tools for Wesfarmers Pink Sheet Analysis
When running Wesfarmers' price analysis, check to measure Wesfarmers' 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 Wesfarmers is operating at the current time. Most of Wesfarmers' value examination focuses on studying past and present price action to predict the probability of Wesfarmers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wesfarmers' price. Additionally, you may evaluate how the addition of Wesfarmers to your portfolios can decrease your overall portfolio volatility.