Westhaven Ventures Stock Market Value
| WHN Stock | CAD 0.13 0.01 8.33% |
| Symbol | Westhaven |
Westhaven Ventures Price To Book Ratio
Westhaven Ventures '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 Westhaven Ventures' 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 Westhaven Ventures.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Westhaven Ventures on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Westhaven Ventures or generate 0.0% return on investment in Westhaven Ventures over 330 days. Westhaven Ventures is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Westhaven Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada More
Westhaven Ventures 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 Westhaven Ventures' 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 Westhaven Ventures upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 31.93 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 8.33 |
Westhaven Ventures Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westhaven Ventures' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westhaven Ventures' standard deviation. In reality, there are many statistical measures that can use Westhaven Ventures historical prices to predict the future Westhaven Ventures' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | 0.4452 |
Westhaven Ventures Backtested Returns
Westhaven Ventures shows Sharpe Ratio of -0.0792, which attests that the company had a -0.0792% return per unit of risk over the last 3 months. Westhaven Ventures exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Westhaven Ventures' Mean Deviation of 4.02, market risk adjusted performance of 0.4552, and Standard Deviation of 5.98 to validate the risk estimate we provide. The firm maintains a market beta of -0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Westhaven Ventures are expected to decrease at a much lower rate. During the bear market, Westhaven Ventures is likely to outperform the market. At this point, Westhaven Ventures has a negative expected return of -0.44%. Please make sure to check out Westhaven Ventures' maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Westhaven Ventures performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Westhaven Ventures has insignificant reverse predictability. Overlapping area represents the amount of predictability between Westhaven Ventures time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Westhaven Ventures price movement. The serial correlation of -0.19 indicates that over 19.0% of current Westhaven Ventures price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Westhaven Ventures lagged returns against current returns
Autocorrelation, which is Westhaven Ventures 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 Westhaven Ventures' stock expected returns. We can calculate the autocorrelation of Westhaven Ventures returns to help us make a trade decision. For example, suppose you find that Westhaven Ventures 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 |
Westhaven Ventures 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 Westhaven Ventures stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westhaven Ventures stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westhaven Ventures stock over time.
Current vs Lagged Prices |
| Timeline |
Westhaven Ventures Lagged Returns
When evaluating Westhaven Ventures' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westhaven Ventures stock have on its future price. Westhaven Ventures 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, Westhaven Ventures autocorrelation shows the relationship between Westhaven Ventures stock current value and its past values and can show if there is a momentum factor associated with investing in Westhaven Ventures.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Westhaven Stock Analysis
When running Westhaven Ventures' price analysis, check to measure Westhaven Ventures' 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 Westhaven Ventures is operating at the current time. Most of Westhaven Ventures' value examination focuses on studying past and present price action to predict the probability of Westhaven Ventures' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westhaven Ventures' price. Additionally, you may evaluate how the addition of Westhaven Ventures to your portfolios can decrease your overall portfolio volatility.