Western Bulk Chartering Stock Market Value
| WSSTF Stock | USD 1.51 0.00 0.00% |
| Symbol | Western |
Western Bulk '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 Bulk'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 Bulk.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Western Bulk on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Western Bulk Chartering or generate 0.0% return on investment in Western Bulk over 30 days. Western Bulk is related to or competes with SITC International, Pacific Basin, SITC International, Mitsui OSK, Orient Overseas, AP Moeller, and Nippon Yusen. Western Bulk Chartering AS, together with its subsidiaries, operates as a dry bulk shipping company More
Western Bulk 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 Bulk'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 Bulk Chartering upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 30.13 |
Western Bulk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Bulk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Bulk's standard deviation. In reality, there are many statistical measures that can use Western Bulk historical prices to predict the future Western Bulk's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | 0.2238 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western Bulk'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 Bulk Chartering Backtested Returns
Western Bulk Chartering shows Sharpe Ratio of -0.16, which attests that the company had a -0.16% return per unit of risk over the last 3 months. Western Bulk Chartering exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Bulk's Standard Deviation of 3.78, market risk adjusted performance of 0.2338, and Mean Deviation of 1.13 to validate the risk estimate we provide. The firm maintains a market beta of -2.69, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Western Bulk are expected to decrease by larger amounts. On the other hand, during market turmoil, Western Bulk is expected to outperform it. At this point, Western Bulk Chartering has a negative expected return of -0.62%. Please make sure to check out Western Bulk's market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and rate of daily change , to decide if Western Bulk Chartering performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Western Bulk Chartering has below average predictability. Overlapping area represents the amount of predictability between Western Bulk time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Bulk Chartering price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Western Bulk price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Western Bulk Chartering lagged returns against current returns
Autocorrelation, which is Western Bulk 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 Bulk's pink sheet expected returns. We can calculate the autocorrelation of Western Bulk returns to help us make a trade decision. For example, suppose you find that Western Bulk 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 Bulk 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 Bulk pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Bulk 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 Bulk pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Western Bulk Lagged Returns
When evaluating Western Bulk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Bulk pink sheet have on its future price. Western Bulk 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 Bulk autocorrelation shows the relationship between Western Bulk pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Western Bulk Chartering.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Western Pink Sheet
Western Bulk 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 Bulk security.