Western Energy Services Stock Market Value
| WEEEF Stock | USD 2.01 0.00 0.00% |
| Symbol | Western |
Western Energy '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 Energy'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 Western Energy.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Western Energy on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Western Energy Services or generate 0.0% return on investment in Western Energy over 30 days. Western Energy is related to or competes with Petroleo Brasileiro, Equinor ASA, Eni SPA, YPF Sociedad, Ecopetrol, BP PLC, and Shell PLC. Western Energy Services Corp. operates as an oilfield service company in Canada and the United States More
Western Energy 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 Energy'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 Western Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.25 |
Western Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Energy's standard deviation. In reality, there are many statistical measures that can use Western Energy historical prices to predict the future Western Energy's volatility.| Risk Adjusted Performance | 0.0011 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.1029 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Western Energy Services Backtested Returns
We consider Western Energy slightly risky. Western Energy Services shows Sharpe Ratio of 0.0047, which attests that the company had a 0.0047% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Western Energy Services, which you can use to evaluate the volatility of the company. Please check out Western Energy's Standard Deviation of 0.9479, market risk adjusted performance of 0.1129, and Mean Deviation of 0.1805 to validate if the risk estimate we provide is consistent with the expected return of 0.0046%. The firm maintains a market beta of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Western Energy are expected to decrease at a much lower rate. During the bear market, Western Energy is likely to outperform the market. Western Energy Services right now maintains a risk of 0.97%. Please check out Western Energy Services treynor ratio, and the relationship between the standard deviation and kurtosis , to decide if Western Energy Services will be following its historical returns.
Auto-correlation | 1.00 |
Perfect predictability
Western Energy Services has perfect predictability. Overlapping area represents the amount of predictability between Western Energy time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th of May 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 Western Energy Services price movement. The serial correlation of 1.0 indicates that 100.0% of current Western Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Western Energy Services lagged returns against current returns
Autocorrelation, which is Western Energy 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 Western Energy's pink sheet expected returns. We can calculate the autocorrelation of Western Energy returns to help us make a trade decision. For example, suppose you find that Western Energy 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 |
Western Energy 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 Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Western Energy Lagged Returns
When evaluating Western Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Energy pink sheet have on its future price. Western Energy 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 Energy autocorrelation shows the relationship between Western Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Western Energy Services.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Western Energy Correlation, Western Energy Volatility and Western Energy Alpha and Beta module to complement your research on Western Energy. Note that the Western Energy Services information on this page should be used as a complementary analysis to other Western Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Western Pink Sheet analysis
When running Western Energy's price analysis, check to measure Western Energy'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 Energy is operating at the current time. Most of Western Energy's value examination focuses on studying past and present price action to predict the probability of Western Energy'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 Energy's price. Additionally, you may evaluate how the addition of Western Energy to your portfolios can decrease your overall portfolio volatility.
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Western Energy technical pink sheet 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, pink sheet market cycles, or different charting patterns.