WESTERN PER (Germany) Market Value
| 31WN Stock | 0.96 0.01 1.03% |
| Symbol | WESTERN |
WESTERN PER '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 PER's 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 PER.
| 10/24/2024 |
| 01/22/2025 |
If you would invest 0.00 in WESTERN PER on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding WESTERN PER or generate 0.0% return on investment in WESTERN PER over 90 days. WESTERN PER is related to or competes with MPH Health, Phibro Animal, Shin Etsu, Universal Health, INDO RAMA, Siemens Healthineers, and AIR PRODCHEMICALS. More
WESTERN PER 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 PER's 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 PER upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.63 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 2.83 |
WESTERN PER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WESTERN PER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WESTERN PER's standard deviation. In reality, there are many statistical measures that can use WESTERN PER historical prices to predict the future WESTERN PER's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 3.44 |
WESTERN PER Backtested Returns
WESTERN PER shows Sharpe Ratio of -0.0481, which attests that the company had a -0.0481 % return per unit of risk over the last 3 months. WESTERN PER exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WESTERN PER's Standard Deviation of 2.45, mean deviation of 1.77, and Market Risk Adjusted Performance of 3.45 to validate the risk estimate we provide. The firm maintains a market beta of -0.0372, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WESTERN PER are expected to decrease at a much lower rate. During the bear market, WESTERN PER is likely to outperform the market. At this point, WESTERN PER has a negative expected return of -0.12%. Please make sure to check out WESTERN PER's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if WESTERN PER performance from the past will be repeated at future time.
Auto-correlation | 0.54 |
Modest predictability
WESTERN PER has modest predictability. Overlapping area represents the amount of predictability between WESTERN PER time series from 24th of October 2024 to 8th of December 2024 and 8th of December 2024 to 22nd of January 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 WESTERN PER price movement. The serial correlation of 0.54 indicates that about 54.0% of current WESTERN PER price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WESTERN PER lagged returns against current returns
Autocorrelation, which is WESTERN PER 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 PER's stock expected returns. We can calculate the autocorrelation of WESTERN PER returns to help us make a trade decision. For example, suppose you find that WESTERN PER 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 PER 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 PER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WESTERN PER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WESTERN PER stock over time.
Current vs Lagged Prices |
| Timeline |
WESTERN PER Lagged Returns
When evaluating WESTERN PER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WESTERN PER stock have on its future price. WESTERN PER 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 PER autocorrelation shows the relationship between WESTERN PER stock current value and its past values and can show if there is a momentum factor associated with investing in WESTERN PER.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for WESTERN Stock Analysis
When running WESTERN PER's price analysis, check to measure WESTERN PER's 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 WESTERN PER is operating at the current time. Most of WESTERN PER's value examination focuses on studying past and present price action to predict the probability of WESTERN PER's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WESTERN PER's price. Additionally, you may evaluate how the addition of WESTERN PER to your portfolios can decrease your overall portfolio volatility.