Wesco International Stock Market Value
| WCC Stock | USD 208.33 2.66 1.26% |
| Symbol | WESCO |
WESCO International Price To Book Ratio
Is Trading Companies & Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of WESCO International. If investors know WESCO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about WESCO International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.09) | Dividend Share 1.613 | Earnings Share 12.47 | Revenue Per Share 434.114 | Quarterly Revenue Growth (0.03) |
The market value of WESCO International is measured differently than its book value, which is the value of WESCO that is recorded on the company's balance sheet. Investors also form their own opinion of WESCO International's value that differs from its market value or its book value, called intrinsic value, which is WESCO International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WESCO International's market value can be influenced by many factors that don't directly affect WESCO International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WESCO International's value and its price as these two are different measures arrived at by different means. Investors typically determine if WESCO International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WESCO International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in WESCO International on December 9, 2022 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 DXP Enterprises, Applied Industrial, Ferguson Plc, Global Industrial, MSC Industrial, Core Main, and WW Grainger. WESCO International, Inc. provides business-to-business distribution, logistics services, and supply chain solutions in ... 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 | 1.79 | |||
| Information Ratio | 0.1033 | |||
| Maximum Drawdown | 15.54 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 4.78 |
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 | 0.1232 | |||
| Jensen Alpha | 0.1125 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1552 | |||
| Treynor Ratio | 0.1679 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WESCO International'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.
WESCO International Backtested Returns
WESCO International appears to be very steady, given 3 months investment horizon. WESCO International shows Sharpe Ratio of 0.15, which attests that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for WESCO International, which you can use to evaluate the volatility of the company. Please utilize WESCO International's Market Risk Adjusted Performance of 0.1779, downside deviation of 1.79, and Mean Deviation of 1.8 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 11. The firm maintains a market beta of 2.37, 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 skewness, and the relationship between the potential upside and day median price , to make a quick decision on whether WESCO International's historical returns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
WESCO International has insignificant reverse predictability. Overlapping area represents the amount of predictability between WESCO International time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 -0.16 indicates that over 16.0% of current WESCO International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 204.73 |
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 |
| 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.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 information on how to trade WESCO Stock refer to our How to Trade WESCO Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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.