WESTLIFE FOODWORLD (India) Market Value
| WESTLIFE | 780.40 15.75 2.06% |
| Symbol | WESTLIFE |
WESTLIFE FOODWORLD '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 WESTLIFE FOODWORLD'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 WESTLIFE FOODWORLD.
| 09/05/2024 |
| 12/04/2024 |
If you would invest 0.00 in WESTLIFE FOODWORLD on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding WESTLIFE FOODWORLD LIMITED or generate 0.0% return on investment in WESTLIFE FOODWORLD over 90 days. WESTLIFE FOODWORLD is related to or competes with Kingfa Science, Rico Auto, GACM Technologies, Delta Manufacturing, Tribhovandas Bhimji, Parag Milk, and Heubach Colorants. WESTLIFE FOODWORLD is entity of India. It is traded as Stock on NSE exchange. More
WESTLIFE FOODWORLD 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 WESTLIFE FOODWORLD'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 WESTLIFE FOODWORLD LIMITED upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.0 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 3.28 |
WESTLIFE FOODWORLD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WESTLIFE FOODWORLD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WESTLIFE FOODWORLD's standard deviation. In reality, there are many statistical measures that can use WESTLIFE FOODWORLD historical prices to predict the future WESTLIFE FOODWORLD's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.20) |
WESTLIFE FOODWORLD Backtested Returns
WESTLIFE FOODWORLD shows Sharpe Ratio of -0.0247, which attests that the company had a -0.0247% return per unit of risk over the last 3 months. WESTLIFE FOODWORLD exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WESTLIFE FOODWORLD's Mean Deviation of 1.62, standard deviation of 2.15, and Market Risk Adjusted Performance of (0.19) to validate the risk estimate we provide. The firm maintains a market beta of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WESTLIFE FOODWORLD's returns are expected to increase less than the market. However, during the bear market, the loss of holding WESTLIFE FOODWORLD is expected to be smaller as well. At this point, WESTLIFE FOODWORLD has a negative expected return of -0.0544%. Please make sure to check out WESTLIFE FOODWORLD's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if WESTLIFE FOODWORLD performance from the past will be repeated at future time.
Auto-correlation | -0.65 |
Very good reverse predictability
WESTLIFE FOODWORLD LIMITED has very good reverse predictability. Overlapping area represents the amount of predictability between WESTLIFE FOODWORLD time series from 5th of September 2024 to 20th of October 2024 and 20th of October 2024 to 4th 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 WESTLIFE FOODWORLD price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current WESTLIFE FOODWORLD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 1529.24 |
WESTLIFE FOODWORLD lagged returns against current returns
Autocorrelation, which is WESTLIFE FOODWORLD 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 WESTLIFE FOODWORLD's stock expected returns. We can calculate the autocorrelation of WESTLIFE FOODWORLD returns to help us make a trade decision. For example, suppose you find that WESTLIFE FOODWORLD 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 |
| Timeline |
WESTLIFE FOODWORLD 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 WESTLIFE FOODWORLD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WESTLIFE FOODWORLD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WESTLIFE FOODWORLD stock over time.
Current vs Lagged Prices |
| Timeline |
WESTLIFE FOODWORLD Lagged Returns
When evaluating WESTLIFE FOODWORLD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WESTLIFE FOODWORLD stock have on its future price. WESTLIFE FOODWORLD 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, WESTLIFE FOODWORLD autocorrelation shows the relationship between WESTLIFE FOODWORLD stock current value and its past values and can show if there is a momentum factor associated with investing in WESTLIFE FOODWORLD LIMITED.
Regressed Prices |
| Timeline |
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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 WESTLIFE Stock
WESTLIFE FOODWORLD financial ratios help investors to determine whether WESTLIFE Stock 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 WESTLIFE with respect to the benefits of owning WESTLIFE FOODWORLD security.