Western Digital 475 Market Value
| 958102AM7 | 92.17 6.71 6.79% |
| Symbol | Western |
Western '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'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 Western.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Western on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Western Digital 475 or generate 0.0% return on investment in Western over 720 days. Western is related to or competes with Oatly Group, Treasury Wine, Primo Brands, SNDL, Constellation Brands, and United States. More
Western 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'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 Western Digital 475 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.49 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 0.7731 |
Western Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western's standard deviation. In reality, there are many statistical measures that can use Western historical prices to predict the future Western's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.7115 |
Western Digital 475 Backtested Returns
Western Digital 475 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. Western Digital 475 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western's Mean Deviation of 0.4525, standard deviation of 1.06, and Market Risk Adjusted Performance of 0.7215 to validate the risk estimate we provide. The entity maintains a market beta of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Western are expected to decrease at a much lower rate. During the bear market, Western is likely to outperform the market.
Auto-correlation | -0.47 |
Modest reverse predictability
Western Digital 475 has modest reverse predictability. Overlapping area represents the amount of predictability between Western time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Digital 475 price movement. The serial correlation of -0.47 indicates that about 47.0% of current Western price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
Western Digital 475 lagged returns against current returns
Autocorrelation, which is Western 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 Western's bond expected returns. We can calculate the autocorrelation of Western returns to help us make a trade decision. For example, suppose you find that Western 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 |
Western 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western bond over time.
Current vs Lagged Prices |
| Timeline |
Western Lagged Returns
When evaluating Western's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western bond have on its future price. Western 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 autocorrelation shows the relationship between Western bond current value and its past values and can show if there is a momentum factor associated with investing in Western Digital 475.
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 Bond
Western financial ratios help investors to determine whether Western 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 Western with respect to the benefits of owning Western security.