WESCO International (Germany) Market Value
| WP7 Stock | EUR 174.00 3.00 1.69% |
| Symbol | WESCO |
WESCO International '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 WESCO International'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 WESCO International.
| 01/24/2023 |
| 01/13/2025 |
If you would invest 0.00 in WESCO International on January 24, 2023 and sell it all today you would earn a total of 0.00 from holding WESCO International or generate 0.0% return on investment in WESCO International over 720 days. WESCO International is related to or competes with TEXAS ROADHOUSE, Broadwind, China Eastern, United Breweries, Gol Intelligent, BOSTON BEER, and International Consolidated. WESCO International, Inc. distributes electrical, industrial, and communications maintenance, repair and operating and o... More
WESCO International 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 WESCO International'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 WESCO International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | 0.1053 | |||
| Maximum Drawdown | 18.49 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 3.8 |
WESCO International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WESCO International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WESCO International's standard deviation. In reality, there are many statistical measures that can use WESCO International historical prices to predict the future WESCO International's volatility.| Risk Adjusted Performance | 0.0928 | |||
| Jensen Alpha | 0.2616 | |||
| Total Risk Alpha | 0.297 | |||
| Sortino Ratio | 0.1735 | |||
| Treynor Ratio | 1.87 |
WESCO International Backtested Returns
WESCO International appears to be very steady, given 3 months investment horizon. WESCO International shows Sharpe Ratio of 0.0749, which attests that the company had a 0.0749% return per unit of risk over the last 3 months. We have found thirty technical indicators for WESCO International, which you can use to evaluate the volatility of the company. Please utilize WESCO International's Mean Deviation of 1.6, downside deviation of 1.57, and Market Risk Adjusted Performance of 1.88 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WESCO International holds a performance score of 5. The firm maintains a market beta of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WESCO International's returns are expected to increase less than the market. However, during the bear market, the loss of holding WESCO International is expected to be smaller as well. Please check WESCO International's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether WESCO International's historical returns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
WESCO International has very weak reverse predictability. Overlapping area represents the amount of predictability between WESCO International time series from 24th of January 2023 to 19th of January 2024 and 19th of January 2024 to 13th 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 WESCO International price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current WESCO International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 298.03 |
WESCO International lagged returns against current returns
Autocorrelation, which is WESCO International 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 WESCO International's stock expected returns. We can calculate the autocorrelation of WESCO International returns to help us make a trade decision. For example, suppose you find that WESCO International 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 |
WESCO International 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 WESCO International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WESCO International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WESCO International stock over time.
Current vs Lagged Prices |
| Timeline |
WESCO International Lagged Returns
When evaluating WESCO International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WESCO International stock have on its future price. WESCO International 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, WESCO International autocorrelation shows the relationship between WESCO International stock current value and its past values and can show if there is a momentum factor associated with investing in WESCO International.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in WESCO Stock
When determining whether WESCO International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WESCO International'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 Wesco International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wesco International Stock:Check out WESCO International Correlation, WESCO International Volatility and WESCO International Alpha and Beta module to complement your research on WESCO International. For more detail on how to invest in WESCO Stock please use our How to Invest in WESCO International guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
WESCO International 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.