Western Capital Resources Stock Market Value
| WCRS Stock | USD 8.97 0.03 0.33% |
| Symbol | Western |
Western Capital '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 Capital's otc 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 Western Capital.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Western Capital on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Western Capital Resources or generate 0.0% return on investment in Western Capital over 30 days. Western Capital is related to or competes with Evgo, Ulta Beauty, Best Buy, RH, and Pet Acquisition. Western Capital Resources, Inc., through its subsidiaries, engages in the retail business in the United States More
Western Capital 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 Capital's otc 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 Western Capital Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.6 | |||
| Information Ratio | 0.0599 | |||
| Maximum Drawdown | 26.83 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 2.78 |
Western Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Capital's standard deviation. In reality, there are many statistical measures that can use Western Capital historical prices to predict the future Western Capital's volatility.| Risk Adjusted Performance | 0.072 | |||
| Jensen Alpha | 0.3916 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0459 | |||
| Treynor Ratio | (0.30) |
Western Capital Resources Backtested Returns
Western Capital appears to be slightly risky, given 3 months investment horizon. Western Capital Resources shows Sharpe Ratio of 0.0858, which attests that the company had a 0.0858% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Western Capital Resources, which you can use to evaluate the volatility of the company. Please utilize Western Capital's Mean Deviation of 1.2, downside deviation of 4.6, and Market Risk Adjusted Performance of (0.29) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Western Capital holds a performance score of 6. The firm maintains a market beta of -1.0, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Western Capital are expected to decrease slowly. On the other hand, during market turmoil, Western Capital is expected to outperform it slightly. Please check Western Capital's sortino ratio, semi variance, as well as the relationship between the Semi Variance and day median price , to make a quick decision on whether Western Capital's historical returns will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
Western Capital Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Western Capital time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Western Capital Resources price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Western Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Western Capital Resources lagged returns against current returns
Autocorrelation, which is Western Capital otc 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 Western Capital's otc stock expected returns. We can calculate the autocorrelation of Western Capital returns to help us make a trade decision. For example, suppose you find that Western Capital has exhibited high autocorrelation historically, and you observe that the otc 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 |
Western Capital 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 Capital otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Capital otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Capital otc stock over time.
Current vs Lagged Prices |
| Timeline |
Western Capital Lagged Returns
When evaluating Western Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Capital otc stock have on its future price. Western Capital 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 Capital autocorrelation shows the relationship between Western Capital otc stock current value and its past values and can show if there is a momentum factor associated with investing in Western Capital Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Western OTC Stock Analysis
When running Western Capital's price analysis, check to measure Western Capital'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 Capital is operating at the current time. Most of Western Capital's value examination focuses on studying past and present price action to predict the probability of Western Capital'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 Capital's price. Additionally, you may evaluate how the addition of Western Capital to your portfolios can decrease your overall portfolio volatility.