Western New England Stock Market Value
| WNEB Stock | USD 9.50 0.43 4.74% |
| Symbol | Western |
Western New England Price To Book Ratio
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Western New. If investors know Western will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Western New listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.57) | Dividend Share 0.28 | Earnings Share 0.52 | Revenue Per Share 3.441 | Quarterly Revenue Growth (0.10) |
The market value of Western New England is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western New's value that differs from its market value or its book value, called intrinsic value, which is Western New's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western New's market value can be influenced by many factors that don't directly affect Western New's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western New's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Western New '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 New'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 New.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Western New on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Western New England or generate 0.0% return on investment in Western New over 360 days. Western New is related to or competes with Banco Bradesco, Itau Unibanco, Banco Santander, Western Alliance, Comerica, KeyCorp, and Truist Financial. Western New England Bancorp, Inc. operates as the holding company for Westfield Bank that provides a range of commercial... More
Western New 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 New'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 New England upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8333 | |||
| Information Ratio | 0.0131 | |||
| Maximum Drawdown | 7.14 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 2.77 |
Western New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western New's standard deviation. In reality, there are many statistical measures that can use Western New historical prices to predict the future Western New's volatility.| Risk Adjusted Performance | 0.0838 | |||
| Jensen Alpha | 0.056 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0186 | |||
| Treynor Ratio | 0.1938 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western New'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.
Western New England Backtested Returns
At this point, Western New is not too volatile. Western New England shows Sharpe Ratio of 0.0638, which attests that the company had a 0.0638% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Western New England, which you can use to evaluate the volatility of the company. Please check out Western New's Downside Deviation of 0.8333, mean deviation of 0.7679, and Market Risk Adjusted Performance of 0.2038 to validate if the risk estimate we provide is consistent with the expected return of 0.069%. Western New has a performance score of 5 on a scale of 0 to 100. The firm maintains a market beta of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Western New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Western New is expected to be smaller as well. Western New England right now maintains a risk of 1.08%. Please check out Western New England value at risk, kurtosis, market facilitation index, as well as the relationship between the semi variance and rate of daily change , to decide if Western New England will be following its historical returns.
Auto-correlation | -0.58 |
Good reverse predictability
Western New England has good reverse predictability. Overlapping area represents the amount of predictability between Western New time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 New England price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Western New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Western New England lagged returns against current returns
Autocorrelation, which is Western New 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 New's stock expected returns. We can calculate the autocorrelation of Western New returns to help us make a trade decision. For example, suppose you find that Western New 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 New 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 New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western New stock over time.
Current vs Lagged Prices |
| Timeline |
Western New Lagged Returns
When evaluating Western New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western New stock have on its future price. Western New 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 New autocorrelation shows the relationship between Western New stock current value and its past values and can show if there is a momentum factor associated with investing in Western New England.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Western New England offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Western New's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western New England Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western New England Stock:Check out Western New Correlation, Western New Volatility and Western New Alpha and Beta module to complement your research on Western New. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Western New technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.