West High Yield Stock Market Value
| WHY Stock | CAD 0.26 0.01 3.70% |
| Symbol | West |
West High Yield Price To Book Ratio
West High '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 High'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 High.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in West High on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding West High Yield or generate 0.0% return on investment in West High over 30 days. West High is related to or competes with Westhaven Ventures, and Tsodilo Resources. Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada More
West High 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 High'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 High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.01 | |||
| Information Ratio | 0.0728 | |||
| Maximum Drawdown | 33.93 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 10.53 |
West High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for West High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as West High's standard deviation. In reality, there are many statistical measures that can use West High historical prices to predict the future West High's volatility.| Risk Adjusted Performance | 0.0813 | |||
| Jensen Alpha | 0.5855 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0526 | |||
| Treynor Ratio | (1.41) |
West High Yield Backtested Returns
West High appears to be out of control, given 3 months investment horizon. West High Yield shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. By examining West High's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize West High's Downside Deviation of 8.01, mean deviation of 4.12, and Market Risk Adjusted Performance of (1.40) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, West High holds a performance score of 10. The firm maintains a market beta of -0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning West High are expected to decrease at a much lower rate. During the bear market, West High is likely to outperform the market. Please check West High's downside variance, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether West High's historical returns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
West High Yield has insignificant reverse predictability. Overlapping area represents the amount of predictability between West High time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 High Yield price movement. The serial correlation of -0.11 indicates that less than 11.0% of current West High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
West High Yield lagged returns against current returns
Autocorrelation, which is West High 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 High's stock expected returns. We can calculate the autocorrelation of West High returns to help us make a trade decision. For example, suppose you find that West High 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 High 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 High stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if West High stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in West High stock over time.
Current vs Lagged Prices |
| Timeline |
West High Lagged Returns
When evaluating West High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of West High stock have on its future price. West High 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 High autocorrelation shows the relationship between West High stock current value and its past values and can show if there is a momentum factor associated with investing in West High Yield.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for West Stock Analysis
When running West High's price analysis, check to measure West High'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 West High is operating at the current time. Most of West High's value examination focuses on studying past and present price action to predict the probability of West High's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move West High's price. Additionally, you may evaluate how the addition of West High to your portfolios can decrease your overall portfolio volatility.