Westamerica Bancorporation (Germany) Market Value
| WB1 Stock | EUR 48.20 0.00 0.00% |
| Symbol | Westamerica |
Westamerica Bancorporation '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 Westamerica Bancorporation'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 Westamerica Bancorporation.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Westamerica Bancorporation on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Westamerica Bancorporation or generate 0.0% return on investment in Westamerica Bancorporation over 30 days. Westamerica Bancorporation is related to or competes with POSBO UNSPADRS20YC1, Postal Savings, Truist Financial, OVERSEA CHINUNSPADR2, Oversea Chinese, UNICREDIT SPA, and UTD OV. Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking pro... More
Westamerica Bancorporation 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 Westamerica Bancorporation'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 Westamerica Bancorporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.54 | |||
| Information Ratio | 0.0562 | |||
| Maximum Drawdown | 17.23 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.98 |
Westamerica Bancorporation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westamerica Bancorporation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westamerica Bancorporation's standard deviation. In reality, there are many statistical measures that can use Westamerica Bancorporation historical prices to predict the future Westamerica Bancorporation's volatility.| Risk Adjusted Performance | 0.0668 | |||
| Jensen Alpha | 0.1663 | |||
| Total Risk Alpha | 0.0479 | |||
| Sortino Ratio | 0.0624 | |||
| Treynor Ratio | 0.2462 |
Westamerica Bancorporation Backtested Returns
Westamerica Bancorporation appears to be very steady, given 3 months investment horizon. Westamerica Bancorporation shows Sharpe Ratio of 0.0909, which attests that the company had a 0.0909% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Westamerica Bancorporation, which you can use to evaluate the volatility of the company. Please utilize Westamerica Bancorporation's Downside Deviation of 2.54, mean deviation of 1.77, and Market Risk Adjusted Performance of 0.2562 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Westamerica Bancorporation holds a performance score of 7. The firm maintains a market beta of 0.82, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Westamerica Bancorporation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westamerica Bancorporation is expected to be smaller as well. Please check Westamerica Bancorporation's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Westamerica Bancorporation's historical returns will revert.
Auto-correlation | 0.72 |
Good predictability
Westamerica Bancorporation has good predictability. Overlapping area represents the amount of predictability between Westamerica Bancorporation time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Westamerica Bancorporation price movement. The serial correlation of 0.72 indicates that around 72.0% of current Westamerica Bancorporation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 3.64 |
Westamerica Bancorporation lagged returns against current returns
Autocorrelation, which is Westamerica Bancorporation 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 Westamerica Bancorporation's stock expected returns. We can calculate the autocorrelation of Westamerica Bancorporation returns to help us make a trade decision. For example, suppose you find that Westamerica Bancorporation 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 |
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Westamerica Bancorporation 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 Westamerica Bancorporation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westamerica Bancorporation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westamerica Bancorporation stock over time.
Current vs Lagged Prices |
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Westamerica Bancorporation Lagged Returns
When evaluating Westamerica Bancorporation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westamerica Bancorporation stock have on its future price. Westamerica Bancorporation 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, Westamerica Bancorporation autocorrelation shows the relationship between Westamerica Bancorporation stock current value and its past values and can show if there is a momentum factor associated with investing in Westamerica Bancorporation.
Regressed Prices |
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Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Westamerica Stock
When determining whether Westamerica Bancorporation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Westamerica Bancorporation's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Westamerica Bancorporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Westamerica Bancorporation Stock:Check out Westamerica Bancorporation Correlation, Westamerica Bancorporation Volatility and Westamerica Bancorporation Alpha and Beta module to complement your research on Westamerica Bancorporation. For more detail on how to invest in Westamerica Stock please use our How to Invest in Westamerica Bancorporation guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Westamerica Bancorporation technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.