WESTERN NEW (Germany) Market Value
| 489 Stock | EUR 7.95 0.20 2.45% |
| Symbol | WESTERN |
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.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in WESTERN NEW on December 13, 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 90 days. WESTERN NEW is related to or competes with Sterling Construction, China Railway, Cembra Money, Varengold Bank, Penta-Ocean Construction, Direct Line, and Virtu Financial. 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.
| Information Ratio | 0.0356 | |||
| Maximum Drawdown | 9.06 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 3.21 |
WESTERN NEW Market Risk Indicators
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.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | 0.1898 | |||
| Treynor Ratio | (0.91) |
WESTERN NEW ENGL Backtested Returns
WESTERN NEW ENGL shows Sharpe Ratio of -0.13, which attests that the company had a -0.13 % return per unit of risk over the last 3 months. WESTERN NEW ENGL exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WESTERN NEW's Mean Deviation of 1.13, market risk adjusted performance of (0.90), and Standard Deviation of 1.68 to validate the risk estimate we provide. The firm maintains a market beta of 0.0731, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WESTERN NEW's returns are expected to increase less than the market. However, during the bear market, the loss of holding WESTERN NEW is expected to be smaller as well. At this point, WESTERN NEW ENGL has a negative expected return of -0.22%. Please make sure to check out WESTERN NEW's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if WESTERN NEW ENGL performance from the past will be repeated at future time.
Auto-correlation | -0.84 |
Excellent reverse predictability
WESTERN NEW ENGL has excellent reverse predictability. Overlapping area represents the amount of predictability between WESTERN NEW time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 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 -0.84 indicates that around 84.0% of current WESTERN NEW price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in WESTERN Stock
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.