Western Sierra Mining Stock Market Value
| WSRC Stock | USD 0.01 0.00 0.00% |
| Symbol | Western |
Western Sierra '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 Sierra'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 Western Sierra.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Western Sierra on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Western Sierra Mining or generate 0.0% return on investment in Western Sierra over 300 days. Western Sierra Resource Corporation operates as a gold and silver mining company with projects in Arizona, Nevada, Calif... More
Western Sierra 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 Sierra'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 Western Sierra Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 11.36 | |||
| Value At Risk | (1.45) |
Western Sierra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Sierra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Sierra's standard deviation. In reality, there are many statistical measures that can use Western Sierra historical prices to predict the future Western Sierra's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (2.95) |
Western Sierra Mining Backtested Returns
Western Sierra Mining shows Sharpe Ratio of -0.21, which attests that the company had a -0.21% return per unit of risk over the last 3 months. Western Sierra Mining exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Sierra's Standard Deviation of 1.84, mean deviation of 0.7713, and Market Risk Adjusted Performance of (2.94) to validate the risk estimate we provide. The firm maintains a market beta of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Western Sierra's returns are expected to increase less than the market. However, during the bear market, the loss of holding Western Sierra is expected to be smaller as well. At this point, Western Sierra Mining has a negative expected return of -0.39%. Please make sure to check out Western Sierra's market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and kurtosis , to decide if Western Sierra Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Western Sierra Mining has very weak reverse predictability. Overlapping area represents the amount of predictability between Western Sierra time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Sierra Mining price movement. The serial correlation of -0.01 indicates that just 1.0% of current Western Sierra price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Western Sierra Mining lagged returns against current returns
Autocorrelation, which is Western Sierra 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 Western Sierra's pink sheet expected returns. We can calculate the autocorrelation of Western Sierra returns to help us make a trade decision. For example, suppose you find that Western Sierra 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 |
Western Sierra 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 Sierra pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Sierra pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Sierra pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Western Sierra Lagged Returns
When evaluating Western Sierra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Sierra pink sheet have on its future price. Western Sierra 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 Sierra autocorrelation shows the relationship between Western Sierra pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Western Sierra Mining.
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.Other Information on Investing in Western Pink Sheet
Western Sierra financial ratios help investors to determine whether Western Pink Sheet 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 Western with respect to the benefits of owning Western Sierra security.