West Fraser Timber Stock Market Value
| WFG Stock | USD 95.51 2.09 2.24% |
| Symbol | West |
West Fraser Timber Price To Book Ratio
Is Paper & Forest Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of West Fraser. If investors know West will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about West Fraser listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.27) | Dividend Share 1.24 | Earnings Share (1.15) | Revenue Per Share 77.23 | Quarterly Revenue Growth (0.16) |
The market value of West Fraser Timber is measured differently than its book value, which is the value of West that is recorded on the company's balance sheet. Investors also form their own opinion of West Fraser's value that differs from its market value or its book value, called intrinsic value, which is West Fraser's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because West Fraser's market value can be influenced by many factors that don't directly affect West Fraser's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between West Fraser's value and its price as these two are different measures arrived at by different means. Investors typically determine if West Fraser is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, West Fraser'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.
West Fraser '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 West Fraser'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 West Fraser.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in West Fraser on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding West Fraser Timber or generate 0.0% return on investment in West Fraser over 30 days. West Fraser is related to or competes with Simpson Manufacturing, Interfor, Ufp Industries, Canfor, Stella Jones, Conifex Timber, and GreenFirst Forest. Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engine... More
West Fraser 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 West Fraser'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 West Fraser Timber upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.0383 | |||
| Maximum Drawdown | 8.29 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 2.56 |
West Fraser Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for West Fraser's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as West Fraser's standard deviation. In reality, there are many statistical measures that can use West Fraser historical prices to predict the future West Fraser's volatility.| Risk Adjusted Performance | 0.0868 | |||
| Jensen Alpha | 0.0819 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0402 | |||
| Treynor Ratio | 0.2031 |
West Fraser Timber Backtested Returns
At this point, West Fraser is very steady. West Fraser Timber shows Sharpe Ratio of 0.0687, which attests that the company had a 0.0687% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for West Fraser Timber, which you can use to evaluate the volatility of the company. Please check out West Fraser's Downside Deviation of 1.52, mean deviation of 1.2, and Market Risk Adjusted Performance of 0.2131 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. West Fraser has a performance score of 5 on a scale of 0 to 100. The firm maintains a market beta of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, West Fraser's returns are expected to increase less than the market. However, during the bear market, the loss of holding West Fraser is expected to be smaller as well. West Fraser Timber right now maintains a risk of 1.52%. Please check out West Fraser Timber skewness, and the relationship between the potential upside and rate of daily change , to decide if West Fraser Timber will be following its historical returns.
Auto-correlation | -0.29 |
Weak reverse predictability
West Fraser Timber has weak reverse predictability. Overlapping area represents the amount of predictability between West Fraser time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 West Fraser Timber price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current West Fraser price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 2.01 |
West Fraser Timber lagged returns against current returns
Autocorrelation, which is West Fraser 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 West Fraser's stock expected returns. We can calculate the autocorrelation of West Fraser returns to help us make a trade decision. For example, suppose you find that West Fraser 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 |
West Fraser 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 West Fraser stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if West Fraser stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in West Fraser stock over time.
Current vs Lagged Prices |
| Timeline |
West Fraser Lagged Returns
When evaluating West Fraser's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of West Fraser stock have on its future price. West Fraser 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, West Fraser autocorrelation shows the relationship between West Fraser stock current value and its past values and can show if there is a momentum factor associated with investing in West Fraser Timber.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether West Fraser Timber is a strong investment it is important to analyze West Fraser's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact West Fraser's future performance. For an informed investment choice regarding West Stock, refer to the following important reports:Check out West Fraser Correlation, West Fraser Volatility and West Fraser Alpha and Beta module to complement your research on West Fraser. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
West Fraser technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.