Western Securities (China) Market Value
| 002673 Stock | 8.68 0.05 0.57% |
| Symbol | Western |
Western Securities '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 Securities' 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 Securities.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Western Securities on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Western Securities Co or generate 0.0% return on investment in Western Securities over 720 days. Western Securities is related to or competes with North Huajin, Songz Automobile, Liaoning Dingjide, Ningbo Fangzheng, Daoming OpticsChemical, Dongfeng Automobile, and MayAir Technology. Western Securities is entity of China. It is traded as Stock on SHE exchange. More
Western Securities 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 Securities' 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 Securities Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.84 | |||
| Information Ratio | 0.1326 | |||
| Maximum Drawdown | 20.09 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 10.01 |
Western Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Securities' standard deviation. In reality, there are many statistical measures that can use Western Securities historical prices to predict the future Western Securities' volatility.| Risk Adjusted Performance | 0.1195 | |||
| Jensen Alpha | 0.5154 | |||
| Total Risk Alpha | 0.4258 | |||
| Sortino Ratio | 0.1746 | |||
| Treynor Ratio | 21.5 |
Western Securities Backtested Returns
Western Securities appears to be slightly risky, given 3 months investment horizon. Western Securities shows Sharpe Ratio of 0.15, which attests that the company had a 0.15% return per unit of risk over the last 3 months. By examining Western Securities' technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Western Securities' Market Risk Adjusted Performance of 21.51, mean deviation of 2.67, and Downside Deviation of 2.84 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Western Securities holds a performance score of 11. The firm maintains a market beta of 0.024, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Western Securities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Western Securities is expected to be smaller as well. Please check Western Securities' jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Western Securities' historical returns will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
Western Securities Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Western Securities time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 Western Securities price movement. The serial correlation of -0.03 indicates that only 3.0% of current Western Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.14 |
Western Securities lagged returns against current returns
Autocorrelation, which is Western Securities 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 Securities' stock expected returns. We can calculate the autocorrelation of Western Securities returns to help us make a trade decision. For example, suppose you find that Western Securities 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 Securities 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 Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Securities stock over time.
Current vs Lagged Prices |
| Timeline |
Western Securities Lagged Returns
When evaluating Western Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Securities stock have on its future price. Western Securities 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 Securities autocorrelation shows the relationship between Western Securities stock current value and its past values and can show if there is a momentum factor associated with investing in Western Securities Co.
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.Other Information on Investing in Western Stock
Western Securities financial ratios help investors to determine whether Western 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 Western with respect to the benefits of owning Western Securities security.