Wesco International Preferred Stock Market Value
| WCC-PA Preferred Stock | USD 26.50 0.01 0.04% |
| Symbol | WESCO |
WESCO International's Earnings Breakdown by Geography
WESCO 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 WESCO International's preferred 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 WESCO International.
| 05/01/2024 |
| 05/31/2024 |
If you would invest 0.00 in WESCO International on May 1, 2024 and sell it all today you would earn a total of 0.00 from holding WESCO International or generate 0.0% return on investment in WESCO International over 30 days. WESCO International is related to or competes with SiriusPoint, Argo Group, Global Ship, and Compass Diversified. WESCO International, Inc. provides business-to-business distribution, logistics services, and supply chain solutions in ... More
WESCO 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 WESCO International's preferred 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 WESCO International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2437 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 1.17 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.3799 |
WESCO International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WESCO International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WESCO International's standard deviation. In reality, there are many statistical measures that can use WESCO International historical prices to predict the future WESCO International's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WESCO International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
WESCO International Backtested Returns
We consider WESCO International very steady. WESCO International shows Sharpe Ratio of 0.0475, which attests that the company had a 0.0475% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for WESCO International, which you can use to evaluate the volatility of the company. Please check out WESCO International's Downside Deviation of 0.2437, market risk adjusted performance of (0.1), and Mean Deviation of 0.1787 to validate if the risk estimate we provide is consistent with the expected return of 0.0113%. WESCO International has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of 0.0808, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WESCO International's returns are expected to increase less than the market. However, during the bear market, the loss of holding WESCO International is expected to be smaller as well. WESCO International currently maintains a risk of 0.24%. Please check out WESCO International value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to decide if WESCO International will be following its historical returns.
Auto-correlation | -0.43 |
Modest reverse predictability
WESCO International has modest reverse predictability. Overlapping area represents the amount of predictability between WESCO International time series from 1st of May 2024 to 16th of May 2024 and 16th of May 2024 to 31st of May 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 International price movement. The serial correlation of -0.43 indicates that just about 43.0% of current WESCO International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WESCO International lagged returns against current returns
Autocorrelation, which is WESCO International preferred 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 WESCO International's preferred stock expected returns. We can calculate the autocorrelation of WESCO International returns to help us make a trade decision. For example, suppose you find that WESCO International has exhibited high autocorrelation historically, and you observe that the preferred 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 |
WESCO 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 WESCO International preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WESCO International preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WESCO International preferred stock over time.
Current vs Lagged Prices |
| Timeline |
WESCO International Lagged Returns
When evaluating WESCO International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WESCO International preferred stock have on its future price. WESCO 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, WESCO International autocorrelation shows the relationship between WESCO International preferred stock current value and its past values and can show if there is a momentum factor associated with investing in WESCO International.
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.Check out WESCO International Correlation, WESCO International Volatility and WESCO International Alpha and Beta module to complement your research on WESCO International. For information on how to trade WESCO Preferred Stock refer to our How to Trade WESCO Preferred Stock guide.Note that the WESCO International information on this page should be used as a complementary analysis to other WESCO International's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for WESCO Preferred Stock analysis
When running WESCO International's price analysis, check to measure WESCO 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 WESCO International is operating at the current time. Most of WESCO International's value examination focuses on studying past and present price action to predict the probability of WESCO 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 WESCO International's price. Additionally, you may evaluate how the addition of WESCO International to your portfolios can decrease your overall portfolio volatility.
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WESCO International technical preferred stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, preferred stock market cycles, or different charting patterns.