WESTERN NEW's market value is the price at which a share of WESTERN NEW trades on a public exchange. It measures the collective expectations of WESTERN NEW ENGL investors about its performance. WESTERN NEW is trading at 8.55 as of the 8th of January 2025. This is a 1.16% down since the beginning of the trading day. The stock's lowest day price was 8.55. With this module, you can estimate the performance of a buy and hold strategy of WESTERN NEW ENGL and determine expected loss or profit from investing in WESTERN NEW over a given investment horizon. Check out WESTERN NEW Correlation, WESTERN NEW Volatility and WESTERN NEW Alpha and Beta module to complement your research on WESTERN NEW.
Please note, there is a significant difference between WESTERN NEW's value and its price as these two are different measures arrived at by different means. Investors typically determine if WESTERN NEW is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WESTERN NEW's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
WESTERN NEW '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 NEW'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 NEW.
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12/09/2024
No Change 0.00
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In 30 days
01/08/2025
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If you would invest 0.00 in WESTERN NEW on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding WESTERN NEW ENGL or generate 0.0% return on investment in WESTERN NEW over 30 days. WESTERN NEW is related to or competes with PLAYTIKA HOLDING, Playtech Plc, Fuji Media, GigaMedia, and PENN Entertainment. Western New England Bancorp, Inc. operates as the holding company for Westfield Bank that provides a range of commercial... More
WESTERN NEW 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 NEW'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 NEW ENGL upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for WESTERN NEW's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WESTERN NEW's standard deviation. In reality, there are many statistical measures that can use WESTERN NEW historical prices to predict the future WESTERN NEW's volatility.
WESTERN NEW appears to be not too volatile, given 3 months investment horizon. WESTERN NEW ENGL shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for WESTERN NEW ENGL, which you can use to evaluate the volatility of the company. Please utilize WESTERN NEW's Downside Deviation of 1.49, market risk adjusted performance of (0.62), and Mean Deviation of 1.17 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WESTERN NEW holds a performance score of 9. The firm maintains a market beta of -0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WESTERN NEW are expected to decrease at a much lower rate. During the bear market, WESTERN NEW is likely to outperform the market. Please check WESTERN NEW's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether WESTERN NEW's historical returns will revert.
Auto-correlation
-0.51
Good reverse predictability
WESTERN NEW ENGL has good reverse predictability. Overlapping area represents the amount of predictability between WESTERN NEW time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 NEW ENGL price movement. The serial correlation of -0.51 indicates that about 51.0% of current WESTERN NEW price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.51
Spearman Rank Test
-0.03
Residual Average
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Price Variance
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WESTERN NEW ENGL lagged returns against current returns
Autocorrelation, which is WESTERN NEW 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 NEW's stock expected returns. We can calculate the autocorrelation of WESTERN NEW returns to help us make a trade decision. For example, suppose you find that WESTERN NEW 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 NEW 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 NEW stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WESTERN NEW stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WESTERN NEW stock over time.
Current vs Lagged Prices
Timeline
WESTERN NEW Lagged Returns
When evaluating WESTERN NEW's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WESTERN NEW stock have on its future price. WESTERN NEW 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 NEW autocorrelation shows the relationship between WESTERN NEW stock current value and its past values and can show if there is a momentum factor associated with investing in WESTERN NEW ENGL.
WESTERN NEW 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 NEW security.