West Red Lake Stock Market Value
| WRLGF Stock | 0.40 0.01 2.56% |
| Symbol | West |
West Red '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 Red's otc 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 Red.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in West Red on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding West Red Lake or generate 0.0% return on investment in West Red over 30 days. West Red is related to or competes with Apple, Microsoft, Amazon, Alphabet, and Meta Platforms. More
West Red 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 Red's otc 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 Red Lake upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 11.89 | |||
| Value At Risk | (5.13) | |||
| Potential Upside | 4.0 |
West Red Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for West Red's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as West Red's standard deviation. In reality, there are many statistical measures that can use West Red historical prices to predict the future West Red's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (1.93) |
West Red Lake Backtested Returns
West Red Lake 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. West Red Lake exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out West Red's Market Risk Adjusted Performance of (1.92), mean deviation of 2.07, and Standard Deviation of 2.76 to validate the risk estimate we provide. The firm maintains a market beta of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, West Red's returns are expected to increase less than the market. However, during the bear market, the loss of holding West Red is expected to be smaller as well. At this point, West Red Lake has a negative expected return of -0.35%. Please make sure to check out West Red's value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if West Red Lake performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
West Red Lake has good predictability. Overlapping area represents the amount of predictability between West Red time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Red Lake price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current West Red price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
West Red Lake lagged returns against current returns
Autocorrelation, which is West Red otc 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 Red's otc stock expected returns. We can calculate the autocorrelation of West Red returns to help us make a trade decision. For example, suppose you find that West Red has exhibited high autocorrelation historically, and you observe that the otc 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 Red 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 Red otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if West Red otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in West Red otc stock over time.
Current vs Lagged Prices |
| Timeline |
West Red Lagged Returns
When evaluating West Red's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of West Red otc stock have on its future price. West Red 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 Red autocorrelation shows the relationship between West Red otc stock current value and its past values and can show if there is a momentum factor associated with investing in West Red Lake.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in West OTC Stock
West Red financial ratios help investors to determine whether West OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in West with respect to the benefits of owning West Red security.