WESCO Distribution 725 Market Value
| 95081QAP9 | 101.79 0.03 0.03% |
| Symbol | WESCO |
WESCO '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's bond 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.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in WESCO on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding WESCO Distribution 725 or generate 0.0% return on investment in WESCO over 30 days. WESCO is related to or competes with Chewy, National Vision, Getty Realty, Papaya Growth, Alchemy Investments, Freedom Holding, and SEI Investments. More
WESCO 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's bond 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 Distribution 725 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.505 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.15 | |||
| Value At Risk | (0.34) | |||
| Potential Upside | 0.5185 |
WESCO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WESCO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WESCO's standard deviation. In reality, there are many statistical measures that can use WESCO historical prices to predict the future WESCO's volatility.| Risk Adjusted Performance | 0.0027 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.03) |
WESCO Distribution 725 Backtested Returns
WESCO Distribution 725 shows Sharpe Ratio of -0.065, which attests that the bond had a -0.065% return per unit of risk over the last 3 months. WESCO Distribution 725 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WESCO's Mean Deviation of 0.2471, market risk adjusted performance of (0.02), and Downside Deviation of 0.505 to validate the risk estimate we provide. The entity maintains a market beta of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WESCO's returns are expected to increase less than the market. However, during the bear market, the loss of holding WESCO is expected to be smaller as well.
Auto-correlation | 0.13 |
Insignificant predictability
WESCO Distribution 725 has insignificant predictability. Overlapping area represents the amount of predictability between WESCO time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Distribution 725 price movement. The serial correlation of 0.13 indicates that less than 13.0% of current WESCO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
WESCO Distribution 725 lagged returns against current returns
Autocorrelation, which is WESCO bond'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's bond expected returns. We can calculate the autocorrelation of WESCO returns to help us make a trade decision. For example, suppose you find that WESCO has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WESCO bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WESCO bond over time.
Current vs Lagged Prices |
| Timeline |
WESCO Lagged Returns
When evaluating WESCO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WESCO bond have on its future price. WESCO 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 autocorrelation shows the relationship between WESCO bond current value and its past values and can show if there is a momentum factor associated with investing in WESCO Distribution 725.
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.Other Information on Investing in WESCO Bond
WESCO financial ratios help investors to determine whether WESCO Bond 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 WESCO with respect to the benefits of owning WESCO security.