West Japan Railway Stock Market Value
| WJRYY Stock | USD 17.42 0.10 0.58% |
| Symbol | West |
West Japan '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 Japan'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 Japan.
| 09/24/2024 |
| 01/22/2025 |
If you would invest 0.00 in West Japan on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding West Japan Railway or generate 0.0% return on investment in West Japan over 120 days. West Japan is related to or competes with Central Japan, LB Foster, East Japan, Greenbrier Companies, Trinity Industries, Freightcar America, and Westinghouse Air. West Japan Railway Company provides passenger railway transport services in Japan More
West Japan 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 Japan'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 Japan Railway upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.47 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.6 |
West Japan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for West Japan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as West Japan's standard deviation. In reality, there are many statistical measures that can use West Japan historical prices to predict the future West Japan's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of West Japan'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 Japan Railway Backtested Returns
At this stage we consider West Pink Sheet to be very steady. West Japan Railway shows Sharpe Ratio of 0.0178, which attests that the company had a 0.0178 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for West Japan Railway, which you can use to evaluate the volatility of the company. Please check out West Japan's Standard Deviation of 1.12, market risk adjusted performance of (0.36), and Mean Deviation of 0.8886 to validate if the risk estimate we provide is consistent with the expected return of 0.0197%. West Japan has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, West Japan's returns are expected to increase less than the market. However, during the bear market, the loss of holding West Japan is expected to be smaller as well. West Japan Railway right now maintains a risk of 1.11%. Please check out West Japan Railway kurtosis, as well as the relationship between the rate of daily change and price action indicator , to decide if West Japan Railway will be following its historical returns.
Auto-correlation | 0.84 |
Very good predictability
West Japan Railway has very good predictability. Overlapping area represents the amount of predictability between West Japan time series from 24th of September 2024 to 23rd of November 2024 and 23rd of November 2024 to 22nd of January 2025. 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 Japan Railway price movement. The serial correlation of 0.84 indicates that around 84.0% of current West Japan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
West Japan Railway lagged returns against current returns
Autocorrelation, which is West Japan 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 Japan's pink sheet expected returns. We can calculate the autocorrelation of West Japan returns to help us make a trade decision. For example, suppose you find that West Japan 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 Japan 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 Japan pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if West Japan 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 Japan pink sheet over time.
Current vs Lagged Prices |
| Timeline |
West Japan Lagged Returns
When evaluating West Japan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of West Japan pink sheet have on its future price. West Japan 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 Japan autocorrelation shows the relationship between West Japan pink sheet current value and its past values and can show if there is a momentum factor associated with investing in West Japan Railway.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for West Pink Sheet Analysis
When running West Japan's price analysis, check to measure West Japan'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 Japan is operating at the current time. Most of West Japan's value examination focuses on studying past and present price action to predict the probability of West Japan'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 Japan's price. Additionally, you may evaluate how the addition of West Japan to your portfolios can decrease your overall portfolio volatility.