WESCO International (Germany) Market Value
| WP7 Stock | EUR 171.00 1.00 0.59% |
| 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.
| 09/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in WESCO International on September 26, 2024 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 90 days. WESCO International is related to or competes with WW Grainger, Fastenal, Watsco, WATSCO INC, RATIONAL UNADR, Indutrade, and Toromont Industries. 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 | 1.59 | |||
| Information Ratio | 0.0678 | |||
| Maximum Drawdown | 18.49 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 4.6 |
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 | 0.0746 | |||
| Jensen Alpha | 0.1483 | |||
| Total Risk Alpha | 0.0996 | |||
| Sortino Ratio | 0.1137 | |||
| Treynor Ratio | 0.1116 |
WESCO International Backtested Returns
WESCO International appears to be very steady, given 3 months investment horizon. WESCO International shows Sharpe Ratio of 0.0799, which attests that the company had a 0.0799% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WESCO International, which you can use to evaluate the volatility of the company. Please utilize WESCO International's Downside Deviation of 1.59, mean deviation of 1.71, and Market Risk Adjusted Performance of 0.1216 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 6. The firm maintains a market beta of 1.93, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, WESCO International will likely underperform. Please check WESCO International's treynor ratio, value at risk, downside variance, as well as 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 | -0.72 |
Almost perfect reverse predictability
WESCO International has almost perfect reverse predictability. Overlapping area represents the amount of predictability between WESCO International time series from 26th of September 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 WESCO International price movement. The serial correlation of -0.72 indicates that around 72.0% of current WESCO International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 108.71 |
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 |
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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 |
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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 |
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Currently Active Assets on Macroaxis
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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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.