West China Cement Stock Market Value
| WCHNF Stock | USD 0.22 0.03 15.79% |
| Symbol | West |
West China '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 West China'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 West China.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in West China on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding West China Cement or generate 0.0% return on investment in West China over 60 days. West China is related to or competes with Stepstone, NextNav Warrant, Qualys, Cedar Realty, Cadence Design, Joint Stock, and Kaltura. West China Cement Limited, an investment holding company, manufactures and sells cement and cement products in the Peopl... More
West China 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 West China'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 West China Cement upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1369 | |||
| Maximum Drawdown | 26.67 |
West China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for West China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as West China's standard deviation. In reality, there are many statistical measures that can use West China historical prices to predict the future West China's volatility.| Risk Adjusted Performance | 0.1307 | |||
| Jensen Alpha | 0.7543 | |||
| Total Risk Alpha | 0.0328 | |||
| Treynor Ratio | (0.60) |
West China Cement Backtested Returns
West China appears to be out of control, given 3 months investment horizon. West China Cement shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of risk over the last 3 months. By examining West China's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please utilize West China's Standard Deviation of 3.79, mean deviation of 1.25, and Market Risk Adjusted Performance of (0.59) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, West China holds a performance score of 13. The firm maintains a market beta of -1.06, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning West China are expected to decrease slowly. On the other hand, during market turmoil, West China is expected to outperform it slightly. Please check West China's variance, as well as the relationship between the skewness and day median price , to make a quick decision on whether West China's historical returns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
West China Cement has no correlation between past and present. Overlapping area represents the amount of predictability between West China time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 West China Cement price movement. The serial correlation of 0.0 indicates that just 0.0% of current West China price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
West China Cement lagged returns against current returns
Autocorrelation, which is West China 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 West China's pink sheet expected returns. We can calculate the autocorrelation of West China returns to help us make a trade decision. For example, suppose you find that West China 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 |
West China 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 West China pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if West China pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in West China pink sheet over time.
Current vs Lagged Prices |
| Timeline |
West China Lagged Returns
When evaluating West China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of West China pink sheet have on its future price. West China 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, West China autocorrelation shows the relationship between West China pink sheet current value and its past values and can show if there is a momentum factor associated with investing in West China Cement.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in West Pink Sheet
West China financial ratios help investors to determine whether West Pink Sheet 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 West with respect to the benefits of owning West China security.