West Texas Resources Stock Market Value
| WTXR Stock | USD 0.09 0 4.94% |
| Symbol | West |
West Texas '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 Texas' 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 Texas.
| 06/09/2024 |
| 12/31/2025 |
If you would invest 0.00 in West Texas on June 9, 2024 and sell it all today you would earn a total of 0.00 from holding West Texas Resources or generate 0.0% return on investment in West Texas over 570 days. West Texas Resources, Inc. acquires, explores for, and develops oil and gas properties in North America More
West Texas 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 Texas' 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 Texas Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.0 | |||
| Information Ratio | 0.0632 | |||
| Maximum Drawdown | 151.98 | |||
| Value At Risk | (38.00) | |||
| Potential Upside | 63.64 |
West Texas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for West Texas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as West Texas' standard deviation. In reality, there are many statistical measures that can use West Texas historical prices to predict the future West Texas' volatility.| Risk Adjusted Performance | 0.0565 | |||
| Jensen Alpha | 2.31 | |||
| Total Risk Alpha | (0.98) | |||
| Sortino Ratio | 0.0654 | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of West Texas' 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 Texas Resources Backtested Returns
West Texas is out of control given 3 months investment horizon. West Texas Resources shows Sharpe Ratio of 0.098, which attests that the company had a 0.098 % return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.54% are justified by taking the suggested risk. Use West Texas Resources Market Risk Adjusted Performance of (0.20), mean deviation of 14.5, and Downside Deviation of 25.0 to evaluate company specific risk that cannot be diversified away. West Texas holds a performance score of 7 on a scale of zero to a hundred. The firm maintains a market beta of -8.16, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning West Texas are expected to decrease by larger amounts. On the other hand, during market turmoil, West Texas is expected to outperform it. Use West Texas Resources sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to analyze future returns on West Texas Resources.
Auto-correlation | 0.48 |
Average predictability
West Texas Resources has average predictability. Overlapping area represents the amount of predictability between West Texas time series from 9th of June 2024 to 21st of March 2025 and 21st of March 2025 to 31st of December 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 Texas Resources price movement. The serial correlation of 0.48 indicates that about 48.0% of current West Texas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
West Texas Resources lagged returns against current returns
Autocorrelation, which is West Texas 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 Texas' pink sheet expected returns. We can calculate the autocorrelation of West Texas returns to help us make a trade decision. For example, suppose you find that West Texas 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 Texas 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 Texas pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if West Texas 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 Texas pink sheet over time.
Current vs Lagged Prices |
| Timeline |
West Texas Lagged Returns
When evaluating West Texas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of West Texas pink sheet have on its future price. West Texas 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 Texas autocorrelation shows the relationship between West Texas pink sheet current value and its past values and can show if there is a momentum factor associated with investing in West Texas Resources.
Regressed Prices |
| Timeline |
Pair Trading with West Texas
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if West Texas position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in West Texas will appreciate offsetting losses from the drop in the long position's value.Moving against West Pink Sheet
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| 0.53 | AAPL | Apple Inc | PairCorr |
The ability to find closely correlated positions to West Texas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace West Texas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back West Texas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling West Texas Resources to buy it.
The correlation of West Texas is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as West Texas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if West Texas Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for West Texas can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for West Pink Sheet Analysis
When running West Texas' price analysis, check to measure West Texas' 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 Texas is operating at the current time. Most of West Texas' value examination focuses on studying past and present price action to predict the probability of West Texas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move West Texas' price. Additionally, you may evaluate how the addition of West Texas to your portfolios can decrease your overall portfolio volatility.