Western Investment Stock Market Value
| WI Stock | CAD 0.42 0.01 2.44% |
| Symbol | Western |
Western Investment '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 Western Investment'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 Western Investment.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Western Investment on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Western Investment or generate 0.0% return on investment in Western Investment over 720 days. Western Investment is related to or competes with Brookfield Asset, Western Copper, T2 Metals, Maple Leaf, Advent Wireless, Algonquin Power, and Precision Drilling. The Western Investment Company of Canada Limited, through its subsidiaries, operates as an automotive glass service comp... More
Western Investment 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 Western Investment'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 Western Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 29.29 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 6.67 |
Western Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Investment's standard deviation. In reality, there are many statistical measures that can use Western Investment historical prices to predict the future Western Investment's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | 0.3562 |
Western Investment Backtested Returns
Western Investment shows Sharpe Ratio of -0.0212, which attests that the company had a -0.0212% return per unit of risk over the last 3 months. Western Investment exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Investment's Standard Deviation of 4.18, mean deviation of 2.22, and Market Risk Adjusted Performance of 0.3662 to validate the risk estimate we provide. 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 Western Investment are expected to decrease at a much lower rate. During the bear market, Western Investment is likely to outperform the market. At this point, Western Investment has a negative expected return of -0.0885%. Please make sure to check out Western Investment's accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if Western Investment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Western Investment has weak reverse predictability. Overlapping area represents the amount of predictability between Western Investment time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Western Investment price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Western Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Western Investment lagged returns against current returns
Autocorrelation, which is Western Investment 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 Western Investment's stock expected returns. We can calculate the autocorrelation of Western Investment returns to help us make a trade decision. For example, suppose you find that Western Investment 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 |
Western Investment 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 Western Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Western Investment Lagged Returns
When evaluating Western Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Investment stock have on its future price. Western Investment 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, Western Investment autocorrelation shows the relationship between Western Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Western Investment.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Western Stock Analysis
When running Western Investment's price analysis, check to measure Western Investment'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 Western Investment is operating at the current time. Most of Western Investment's value examination focuses on studying past and present price action to predict the probability of Western Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Investment's price. Additionally, you may evaluate how the addition of Western Investment to your portfolios can decrease your overall portfolio volatility.