Western Forest Products Stock Market Value
| WFSTF Stock | USD 0.32 0.01 3.03% |
| Symbol | Western |
Western Forest '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 Forest's pink sheet 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 Forest.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Western Forest on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Western Forest Products or generate 0.0% return on investment in Western Forest over 720 days. Western Forest is related to or competes with Interfor, Svenska Cellulosa, Stella Jones, Simpson Manufacturing, TreeCon Resources, Conifex Timber, and Ufp Industries. Western Forest Products Inc. engages in the timber harvesting, sawmilling logs into specialty lumber, value-added lumber... More
Western Forest 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 Forest's pink sheet 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 Forest Products upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.19 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 17.71 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 5.41 |
Western Forest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Forest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Forest's standard deviation. In reality, there are many statistical measures that can use Western Forest historical prices to predict the future Western Forest's volatility.| Risk Adjusted Performance | 0.0188 | |||
| Jensen Alpha | 0.1044 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western Forest'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.
Western Forest Products Backtested Returns
At this point, Western Forest is out of control. Western Forest Products shows Sharpe Ratio of 0.0148, which attests that the company had a 0.0148% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Western Forest Products, which you can use to evaluate the volatility of the company. Please check out Western Forest's Mean Deviation of 1.96, downside deviation of 4.19, and Market Risk Adjusted Performance of (0.05) to validate if the risk estimate we provide is consistent with the expected return of 0.0442%. Western Forest has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of -0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Western Forest are expected to decrease at a much lower rate. During the bear market, Western Forest is likely to outperform the market. Western Forest Products right now maintains a risk of 3.0%. Please check out Western Forest Products downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Western Forest Products will be following its historical returns.
Auto-correlation | 0.57 |
Modest predictability
Western Forest Products has modest predictability. Overlapping area represents the amount of predictability between Western Forest time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 Forest Products price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Western Forest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Western Forest Products lagged returns against current returns
Autocorrelation, which is Western Forest pink sheet'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 Forest's pink sheet expected returns. We can calculate the autocorrelation of Western Forest returns to help us make a trade decision. For example, suppose you find that Western Forest has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Forest 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 Forest pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Forest pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Forest pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Western Forest Lagged Returns
When evaluating Western Forest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Forest pink sheet have on its future price. Western Forest 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 Forest autocorrelation shows the relationship between Western Forest pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Western Forest Products.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Western Pink Sheet
Western Forest financial ratios help investors to determine whether Western Pink Sheet 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 Forest security.