Westbridge Energy Stock Market Value
| WEGYF Stock | USD 0.57 0.00 0.00% |
| Symbol | Westbridge |
Westbridge Energy '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 Westbridge Energy's otc 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 Westbridge Energy.
| 12/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in Westbridge Energy on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Westbridge Energy or generate 0.0% return on investment in Westbridge Energy over 30 days. Westbridge Energy is related to or competes with SmartStop Self, and Inpex Corp. Westbridge Energy Corporation engages in the acquisition and development of solar photovoltaic projects in Canada and th... More
Westbridge Energy 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 Westbridge Energy's otc 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 Westbridge Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 14.03 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 1.82 |
Westbridge Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westbridge Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westbridge Energy's standard deviation. In reality, there are many statistical measures that can use Westbridge Energy historical prices to predict the future Westbridge Energy's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.2491 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westbridge Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Westbridge Energy Backtested Returns
Westbridge Energy shows Sharpe Ratio of -0.0533, which attests that the company had a -0.0533% return per unit of risk over the last 3 months. Westbridge Energy exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Westbridge Energy's Mean Deviation of 0.9346, market risk adjusted performance of 0.2591, and Standard Deviation of 2.12 to validate the risk estimate we provide. The firm maintains a market beta of -0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Westbridge Energy are expected to decrease at a much lower rate. During the bear market, Westbridge Energy is likely to outperform the market. At this point, Westbridge Energy has a negative expected return of -0.11%. Please make sure to check out Westbridge Energy's market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness , to decide if Westbridge Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Westbridge Energy has insignificant reverse predictability. Overlapping area represents the amount of predictability between Westbridge Energy time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th 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 Westbridge Energy price movement. The serial correlation of -0.19 indicates that over 19.0% of current Westbridge Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Westbridge Energy lagged returns against current returns
Autocorrelation, which is Westbridge Energy otc 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 Westbridge Energy's otc stock expected returns. We can calculate the autocorrelation of Westbridge Energy returns to help us make a trade decision. For example, suppose you find that Westbridge Energy has exhibited high autocorrelation historically, and you observe that the otc 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 |
Westbridge Energy 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 Westbridge Energy otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westbridge Energy otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westbridge Energy otc stock over time.
Current vs Lagged Prices |
| Timeline |
Westbridge Energy Lagged Returns
When evaluating Westbridge Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westbridge Energy otc stock have on its future price. Westbridge Energy 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, Westbridge Energy autocorrelation shows the relationship between Westbridge Energy otc stock current value and its past values and can show if there is a momentum factor associated with investing in Westbridge Energy.
Regressed Prices |
| Timeline |
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Other Information on Investing in Westbridge OTC Stock
Westbridge Energy financial ratios help investors to determine whether Westbridge OTC Stock 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 Westbridge with respect to the benefits of owning Westbridge Energy security.