Westinghouse Air's market value is the price at which a share of Westinghouse Air trades on a public exchange. It measures the collective expectations of Westinghouse Air Brake investors about its performance. Westinghouse Air is trading at 581.59 as of the 4th of January 2025, a 1.57% down since the beginning of the trading day. The stock's open price was 590.84. With this module, you can estimate the performance of a buy and hold strategy of Westinghouse Air Brake and determine expected loss or profit from investing in Westinghouse Air over a given investment horizon. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
Westinghouse
Westinghouse Air '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 Westinghouse Air'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 Westinghouse Air.
0.00
11/05/2024
No Change 0.00
0.0
In 2 months and 2 days
01/04/2025
0.00
If you would invest 0.00 in Westinghouse Air on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Westinghouse Air Brake or generate 0.0% return on investment in Westinghouse Air over 60 days.
Westinghouse Air 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 Westinghouse Air'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 Westinghouse Air Brake 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 Westinghouse Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westinghouse Air's standard deviation. In reality, there are many statistical measures that can use Westinghouse Air historical prices to predict the future Westinghouse Air's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Westinghouse Air. Your research has to be compared to or analyzed against Westinghouse Air's peers to derive any actionable benefits. When done correctly, Westinghouse Air's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Westinghouse Air Brake.
Westinghouse Air Brake Backtested Returns
Westinghouse Air appears to be very steady, given 3 months investment horizon. Westinghouse Air Brake shows Sharpe Ratio of 0.21, which attests that the company had a 0.21% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Westinghouse Air Brake, which you can use to evaluate the volatility of the company. Please utilize Westinghouse Air's Mean Deviation of 0.9561, downside deviation of 1.29, and Market Risk Adjusted Performance of (2.17) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Westinghouse Air holds a performance score of 16. The firm maintains a market beta of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Westinghouse Air are expected to decrease at a much lower rate. During the bear market, Westinghouse Air is likely to outperform the market. Please check Westinghouse Air's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Westinghouse Air's historical returns will revert.
Auto-correlation
-0.51
Good reverse predictability
Westinghouse Air Brake has good reverse predictability. Overlapping area represents the amount of predictability between Westinghouse Air time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Westinghouse Air Brake price movement. The serial correlation of -0.51 indicates that about 51.0% of current Westinghouse Air price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.51
Spearman Rank Test
-0.54
Residual Average
0.0
Price Variance
188.51
Westinghouse Air Brake lagged returns against current returns
Autocorrelation, which is Westinghouse Air 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 Westinghouse Air's stock expected returns. We can calculate the autocorrelation of Westinghouse Air returns to help us make a trade decision. For example, suppose you find that Westinghouse Air 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
Westinghouse Air 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 Westinghouse Air stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westinghouse Air stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westinghouse Air stock over time.
Current vs Lagged Prices
Timeline
Westinghouse Air Lagged Returns
When evaluating Westinghouse Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westinghouse Air stock have on its future price. Westinghouse Air 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, Westinghouse Air autocorrelation shows the relationship between Westinghouse Air stock current value and its past values and can show if there is a momentum factor associated with investing in Westinghouse Air Brake.
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.