Westinghouse Air (Germany) Market Value
| WB2 Stock | EUR 183.10 3.10 1.66% |
| 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.
| 03/01/2023 |
| 02/18/2025 |
If you would invest 0.00 in Westinghouse Air on March 1, 2023 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 720 days. Westinghouse Air is related to or competes with Eastman Chemical, INDO RAMA, SINGAPORE AIRLINES, Mitsubishi Gas, Southwest Airlines, and Silicon Motion. Wabtec Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit... More
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.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.0131 | |||
| Maximum Drawdown | 12.31 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 2.16 |
Westinghouse Air Market Risk Indicators
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.| Risk Adjusted Performance | 0.0197 | |||
| Jensen Alpha | 0.0231 | |||
| Total Risk Alpha | 0.0205 | |||
| Sortino Ratio | 0.0106 | |||
| Treynor Ratio | 2.36 |
Westinghouse Air Brake Backtested Returns
Westinghouse Air Brake shows Sharpe Ratio of close to zero, which attests that the company had a close to zero % return per unit of risk over the last 3 months. Westinghouse Air Brake exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Westinghouse Air's Market Risk Adjusted Performance of 2.37, downside deviation of 2.08, and Mean Deviation of 1.04 to validate the risk estimate we provide. The firm maintains a market beta of 0.0098, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Westinghouse Air's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westinghouse Air is expected to be smaller as well. At this point, Westinghouse Air Brake has a negative expected return of -0.0061%. Please make sure to check out Westinghouse Air's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if Westinghouse Air Brake performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Westinghouse Air Brake has good predictability. Overlapping area represents the amount of predictability between Westinghouse Air time series from 1st of March 2023 to 24th of February 2024 and 24th of February 2024 to 18th of February 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 0.77 indicates that around 77.0% of current Westinghouse Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 473.99 |
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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Westinghouse Stock
When determining whether Westinghouse Air Brake offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Westinghouse Air'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 Westinghouse Air Brake Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Westinghouse Air Brake Stock:Check out Westinghouse Air Correlation, Westinghouse Air Volatility and Westinghouse Air Alpha and Beta module to complement your research on Westinghouse Air. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Westinghouse Air 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.