Western Metallica Resources Stock Market Value
| WMS Stock | 0.03 0.01 25.00% |
| Symbol | Western |
Western Metallica '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 Metallica'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 Western Metallica.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Western Metallica on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Western Metallica Resources or generate 0.0% return on investment in Western Metallica over 60 days. Western Metallica is related to or competes with NV Gold, IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX. Western Metallica is entity of Canada. It is traded as Stock on V exchange. More
Western Metallica 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 Metallica'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 Western Metallica Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 22.9 | |||
| Information Ratio | 0.0455 | |||
| Maximum Drawdown | 53.33 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Western Metallica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Metallica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Metallica's standard deviation. In reality, there are many statistical measures that can use Western Metallica historical prices to predict the future Western Metallica's volatility.| Risk Adjusted Performance | 0.048 | |||
| Jensen Alpha | 0.4567 | |||
| Total Risk Alpha | 0.3002 | |||
| Sortino Ratio | 0.0189 | |||
| Treynor Ratio | (0.45) |
Western Metallica Backtested Returns
Western Metallica appears to be out of control, given 3 months investment horizon. Western Metallica shows Sharpe Ratio of 0.0498, which attests that the company had a 0.0498% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Western Metallica, which you can use to evaluate the volatility of the company. Please utilize Western Metallica's Downside Deviation of 22.9, market risk adjusted performance of (0.44), and Mean Deviation of 4.45 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Western Metallica holds a performance score of 3. The firm maintains a market beta of -0.98, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Western Metallica are expected to decrease slowly. On the other hand, during market turmoil, Western Metallica is expected to outperform it slightly. Please check Western Metallica's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether Western Metallica's historical returns will revert.
Auto-correlation | 0.19 |
Very weak predictability
Western Metallica Resources has very weak predictability. Overlapping area represents the amount of predictability between Western Metallica time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Western Metallica price movement. The serial correlation of 0.19 indicates that over 19.0% of current Western Metallica price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Western Metallica lagged returns against current returns
Autocorrelation, which is Western Metallica 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 Western Metallica's stock expected returns. We can calculate the autocorrelation of Western Metallica returns to help us make a trade decision. For example, suppose you find that Western Metallica 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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Western Metallica 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 Metallica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Metallica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Metallica stock over time.
Current vs Lagged Prices |
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Western Metallica Lagged Returns
When evaluating Western Metallica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Metallica stock have on its future price. Western Metallica 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 Metallica autocorrelation shows the relationship between Western Metallica stock current value and its past values and can show if there is a momentum factor associated with investing in Western Metallica Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Western Stock Analysis
When running Western Metallica's price analysis, check to measure Western Metallica's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Western Metallica is operating at the current time. Most of Western Metallica's value examination focuses on studying past and present price action to predict the probability of Western Metallica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Metallica's price. Additionally, you may evaluate how the addition of Western Metallica to your portfolios can decrease your overall portfolio volatility.