West Island Brands Stock Market Value
| WIBFF Stock | USD 0 0.00 0.00% |
| Symbol | West |
West Island '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 West Island'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 West Island.
| 09/05/2024 |
| 12/04/2024 |
If you would invest 0.00 in West Island on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding West Island Brands or generate 0.0% return on investment in West Island over 90 days. West Island Brands Inc. engages in the medical marijuana business More
West Island 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 West Island'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 West Island Brands upside and downside potential and time the market with a certain degree of confidence.
West Island Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for West Island's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as West Island's standard deviation. In reality, there are many statistical measures that can use West Island historical prices to predict the future West Island's volatility.West Island Brands Backtested Returns
We have found three technical indicators for West Island Brands, which you can use to evaluate the volatility of the company. The firm maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and West Island are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
West Island Brands has no correlation between past and present. Overlapping area represents the amount of predictability between West Island time series from 5th of September 2024 to 20th of October 2024 and 20th of October 2024 to 4th 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 West Island Brands price movement. The serial correlation of 0.0 indicates that just 0.0% of current West Island price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
West Island Brands lagged returns against current returns
Autocorrelation, which is West Island 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 West Island's pink sheet expected returns. We can calculate the autocorrelation of West Island returns to help us make a trade decision. For example, suppose you find that West Island 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 |
West Island 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 West Island pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if West Island pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in West Island pink sheet over time.
Current vs Lagged Prices |
| Timeline |
West Island Lagged Returns
When evaluating West Island's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of West Island pink sheet have on its future price. West Island 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, West Island autocorrelation shows the relationship between West Island pink sheet current value and its past values and can show if there is a momentum factor associated with investing in West Island Brands.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in West Pink Sheet
West Island financial ratios help investors to determine whether West 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 West with respect to the benefits of owning West Island security.