Westshore Terminals Investment Stock Market Value
| WTE Stock | CAD 24.26 0.22 0.92% |
| Symbol | Westshore |
Westshore Terminals Price To Book Ratio
Westshore Terminals '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 Westshore Terminals' 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 Westshore Terminals.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Westshore Terminals on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Westshore Terminals Investment or generate 0.0% return on investment in Westshore Terminals over 30 days. Westshore Terminals is related to or competes with Mullen, Ritchie Bros, Winpak, North West, and Altus Group. Westshore Terminals Investment Corporation operates a coal storage and loading terminal at Roberts Bank, British Columbi... More
Westshore Terminals 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 Westshore Terminals' 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 Westshore Terminals Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.18 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.95 |
Westshore Terminals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westshore Terminals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westshore Terminals' standard deviation. In reality, there are many statistical measures that can use Westshore Terminals historical prices to predict the future Westshore Terminals' volatility.| Risk Adjusted Performance | 0.0577 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0952 |
Westshore Terminals Backtested Returns
As of now, Westshore Stock is very steady. Westshore Terminals shows Sharpe Ratio of 0.049, which attests that the company had a 0.049% return per unit of risk over the last 3 months. We have found thirty technical indicators for Westshore Terminals, which you can use to evaluate the volatility of the company. Please check out Westshore Terminals' Downside Deviation of 1.14, mean deviation of 0.8532, and Market Risk Adjusted Performance of 0.1052 to validate if the risk estimate we provide is consistent with the expected return of 0.0562%. Westshore Terminals has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of 0.76, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Westshore Terminals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Westshore Terminals is expected to be smaller as well. Westshore Terminals right now maintains a risk of 1.15%. Please check out Westshore Terminals skewness, and the relationship between the potential upside and rate of daily change , to decide if Westshore Terminals will be following its historical returns.
Auto-correlation | 0.38 |
Below average predictability
Westshore Terminals Investment has below average predictability. Overlapping area represents the amount of predictability between Westshore Terminals time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Westshore Terminals price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Westshore Terminals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Westshore Terminals lagged returns against current returns
Autocorrelation, which is Westshore Terminals 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 Westshore Terminals' stock expected returns. We can calculate the autocorrelation of Westshore Terminals returns to help us make a trade decision. For example, suppose you find that Westshore Terminals 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 |
Westshore Terminals 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 Westshore Terminals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westshore Terminals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westshore Terminals stock over time.
Current vs Lagged Prices |
| Timeline |
Westshore Terminals Lagged Returns
When evaluating Westshore Terminals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westshore Terminals stock have on its future price. Westshore Terminals 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, Westshore Terminals autocorrelation shows the relationship between Westshore Terminals stock current value and its past values and can show if there is a momentum factor associated with investing in Westshore Terminals Investment.
Regressed Prices |
| Timeline |
Pair Trading with Westshore Terminals
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Westshore Terminals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Westshore Terminals will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Westshore Terminals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westshore Terminals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Westshore Terminals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Westshore Terminals Investment to buy it.
The correlation of Westshore Terminals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Westshore Terminals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westshore Terminals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Westshore Terminals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Westshore Stock
Westshore Terminals financial ratios help investors to determine whether Westshore Stock 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 Westshore with respect to the benefits of owning Westshore Terminals security.