West International (Sweden) Market Value
| WPAY Stock | SEK 0.56 0.01 1.82% |
| Symbol | West |
West 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 West 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 West International.
| 12/21/2023 |
| 12/15/2024 |
If you would invest 0.00 in West International on December 21, 2023 and sell it all today you would earn a total of 0.00 from holding West International AB or generate 0.0% return on investment in West International over 360 days. West International is related to or competes with Zaplox AB, Sonetel AB, and Ranplan. Westpay AB provides smart transaction and payment solutions in Sweden, Norway, South Africa, and Australia More
West 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 West 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 West International AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 25.27 | |||
| Value At Risk | (5.97) | |||
| Potential Upside | 3.45 |
West International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for West International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as West International's standard deviation. In reality, there are many statistical measures that can use West International historical prices to predict the future West International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (0.59) |
West International Backtested Returns
West International shows Sharpe Ratio of -0.0766, which attests that the company had a -0.0766% return per unit of risk over the last 3 months. West International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out West International's Standard Deviation of 3.6, market risk adjusted performance of (0.58), and Mean Deviation of 2.1 to validate the risk estimate we provide. The firm maintains a market beta of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, West International's returns are expected to increase less than the market. However, during the bear market, the loss of holding West International is expected to be smaller as well. At this point, West International has a negative expected return of -0.28%. Please make sure to check out West International's kurtosis, rate of daily change, and the relationship between the skewness and daily balance of power , to decide if West International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
West International AB has very weak predictability. Overlapping area represents the amount of predictability between West International time series from 21st of December 2023 to 18th of June 2024 and 18th of June 2024 to 15th 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 International price movement. The serial correlation of 0.16 indicates that over 16.0% of current West International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
West International lagged returns against current returns
Autocorrelation, which is West 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 West International's stock expected returns. We can calculate the autocorrelation of West International returns to help us make a trade decision. For example, suppose you find that West 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 |
| Timeline |
West 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 West International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if West International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in West International stock over time.
Current vs Lagged Prices |
| Timeline |
West International Lagged Returns
When evaluating West International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of West International stock have on its future price. West 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, West International autocorrelation shows the relationship between West International stock current value and its past values and can show if there is a momentum factor associated with investing in West International AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for West Stock Analysis
When running West International's price analysis, check to measure West International'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 West International is operating at the current time. Most of West International's value examination focuses on studying past and present price action to predict the probability of West International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move West International's price. Additionally, you may evaluate how the addition of West International to your portfolios can decrease your overall portfolio volatility.