West African Resources Stock Market Value
| WFRSF Stock | USD 0.99 0.05 5.32% |
| Symbol | West |
West African '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 African'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 West African.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in West African on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding West African Resources or generate 0.0% return on investment in West African over 90 days. West African is related to or competes with Harmony Gold, AngloGold Ashanti, Gold Fields, Kinross Gold, Northern Star, Regis Resources, and Dundee Precious. West African Resources Limited engages in the acquisition, exploration, and development of gold projects in West Africa More
West African 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 African'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 West African Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.03 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 37.65 | |||
| Value At Risk | (5.31) | |||
| Potential Upside | 8.87 |
West African Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for West African's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as West African's standard deviation. In reality, there are many statistical measures that can use West African historical prices to predict the future West African's volatility.| Risk Adjusted Performance | 0.0188 | |||
| Jensen Alpha | 0.0919 | |||
| Total Risk Alpha | (0.73) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of West African'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.
West African Resources Backtested Returns
At this point, West African is abnormally volatile. West African Resources shows Sharpe Ratio of 0.0135, which attests that the company had a 0.0135% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for West African Resources, which you can use to evaluate the volatility of the company. Please check out West African's Downside Deviation of 9.03, market risk adjusted performance of (0.21), and Mean Deviation of 2.51 to validate if the risk estimate we provide is consistent with the expected return of 0.0702%. West African has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of -0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning West African are expected to decrease at a much lower rate. During the bear market, West African is likely to outperform the market. West African Resources right now maintains a risk of 5.22%. Please check out West African Resources downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if West African Resources will be following its historical returns.
Auto-correlation | -0.02 |
Very weak reverse predictability
West African Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between West African time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th 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 African Resources price movement. The serial correlation of -0.02 indicates that only 2.0% of current West African price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
West African Resources lagged returns against current returns
Autocorrelation, which is West African 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 West African's pink sheet expected returns. We can calculate the autocorrelation of West African returns to help us make a trade decision. For example, suppose you find that West African 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 |
West African 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 African pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if West African pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in West African pink sheet over time.
Current vs Lagged Prices |
| Timeline |
West African Lagged Returns
When evaluating West African's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of West African pink sheet have on its future price. West African 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 African autocorrelation shows the relationship between West African pink sheet current value and its past values and can show if there is a momentum factor associated with investing in West African Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in West Pink Sheet
West African financial ratios help investors to determine whether West 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 West with respect to the benefits of owning West African security.