WESTAR ENERGY INC Market Value
| 95709TAJ9 | 78.45 6.36 7.50% |
| Symbol | WESTAR |
WESTAR '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 WESTAR's bond 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 WESTAR.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in WESTAR on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding WESTAR ENERGY INC or generate 0.0% return on investment in WESTAR over 30 days. WESTAR is related to or competes with BJs Restaurants, Sweetgreen, Wendys, Unilever PLC, Bt Brands, Edgewell Personal, and Biglari Holdings. More
WESTAR 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 WESTAR's bond 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 WESTAR ENERGY INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.16 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.72 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 3.04 |
WESTAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WESTAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WESTAR's standard deviation. In reality, there are many statistical measures that can use WESTAR historical prices to predict the future WESTAR's volatility.| Risk Adjusted Performance | 0.0161 | |||
| Jensen Alpha | 0.1262 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.03) |
WESTAR ENERGY INC Backtested Returns
WESTAR ENERGY INC shows Sharpe Ratio of -0.13, which attests that the bond had a -0.13% return per unit of risk over the last 3 months. WESTAR ENERGY INC exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WESTAR's Market Risk Adjusted Performance of (0.02), mean deviation of 1.74, and Downside Deviation of 3.16 to validate the risk estimate we provide. The entity maintains a market beta of -0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WESTAR are expected to decrease at a much lower rate. During the bear market, WESTAR is likely to outperform the market.
Auto-correlation | 0.06 |
Virtually no predictability
WESTAR ENERGY INC has virtually no predictability. Overlapping area represents the amount of predictability between WESTAR time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 WESTAR ENERGY INC price movement. The serial correlation of 0.06 indicates that barely 6.0% of current WESTAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 4.61 |
WESTAR ENERGY INC lagged returns against current returns
Autocorrelation, which is WESTAR bond'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 WESTAR's bond expected returns. We can calculate the autocorrelation of WESTAR returns to help us make a trade decision. For example, suppose you find that WESTAR has exhibited high autocorrelation historically, and you observe that the bond 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 |
WESTAR 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 WESTAR bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WESTAR bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WESTAR bond over time.
Current vs Lagged Prices |
| Timeline |
WESTAR Lagged Returns
When evaluating WESTAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WESTAR bond have on its future price. WESTAR 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, WESTAR autocorrelation shows the relationship between WESTAR bond current value and its past values and can show if there is a momentum factor associated with investing in WESTAR ENERGY INC.
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 WESTAR Bond
WESTAR financial ratios help investors to determine whether WESTAR Bond 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 WESTAR with respect to the benefits of owning WESTAR security.