Western Midstream Partners Stock Market Value
| WES Stock | USD 35.38 0.73 2.11% |
| Symbol | Western |
Western Midstream Price To Book Ratio
Is Western Midstream's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Western Midstream. If investors know Western will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Western Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.13) | Dividend Share 2.213 | Earnings Share 2.6 | Revenue Per Share 8.11 | Quarterly Revenue Growth 0.101 |
The market value of Western Midstream is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Midstream's value that differs from its market value or its book value, called intrinsic value, which is Western Midstream's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western Midstream's market value can be influenced by many factors that don't directly affect Western Midstream's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Midstream's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Western Midstream '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 Midstream'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 Western Midstream.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Western Midstream on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Western Midstream Partners or generate 0.0% return on investment in Western Midstream over 30 days. Western Midstream is related to or competes with DT Midstream, MPLX LP, NuStar Energy, Plains All, Genesis Energy, Hess Midstream, and Enterprise Products. Western Midstream Partners, LP, a midstream energy company, together with its subsidiaries, acquires, owns, develops, an... More
Western Midstream 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 Midstream'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 Western Midstream Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.1553 | |||
| Maximum Drawdown | 13.68 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 2.63 |
Western Midstream Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Midstream's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Midstream's standard deviation. In reality, there are many statistical measures that can use Western Midstream historical prices to predict the future Western Midstream's volatility.| Risk Adjusted Performance | 0.125 | |||
| Jensen Alpha | 0.2864 | |||
| Total Risk Alpha | 0.1739 | |||
| Sortino Ratio | 0.2579 | |||
| Treynor Ratio | 0.3046 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western Midstream'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.
Western Midstream Backtested Returns
Western Midstream appears to be very steady, given 3 months investment horizon. Western Midstream shows Sharpe Ratio of 0.19, which attests that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Western Midstream, which you can use to evaluate the volatility of the company. Please utilize Western Midstream's Downside Deviation of 1.15, mean deviation of 1.12, and Market Risk Adjusted Performance of 0.3146 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Western Midstream holds a performance score of 14. The firm maintains a market beta of 1.16, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Western Midstream will likely underperform. Please check Western Midstream's sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to make a quick decision on whether Western Midstream's historical returns will revert.
Auto-correlation | -0.88 |
Excellent reverse predictability
Western Midstream Partners has excellent reverse predictability. Overlapping area represents the amount of predictability between Western Midstream time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Midstream price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Western Midstream price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Western Midstream lagged returns against current returns
Autocorrelation, which is Western Midstream 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 Midstream's stock expected returns. We can calculate the autocorrelation of Western Midstream returns to help us make a trade decision. For example, suppose you find that Western Midstream 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 |
Western Midstream 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 Midstream stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Midstream stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Midstream stock over time.
Current vs Lagged Prices |
| Timeline |
Western Midstream Lagged Returns
When evaluating Western Midstream's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Midstream stock have on its future price. Western Midstream 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 Midstream autocorrelation shows the relationship between Western Midstream stock current value and its past values and can show if there is a momentum factor associated with investing in Western Midstream Partners.
Regressed Prices |
| Timeline |
Western Midstream Investors Sentiment
The influence of Western Midstream's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Western. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Western Midstream's public news can be used to forecast risks associated with an investment in Western. The trend in average sentiment can be used to explain how an investor holding Western can time the market purely based on public headlines and social activities around Western Midstream Partners. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Western Midstream's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Western Midstream's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Western Midstream's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Western Midstream.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Western Midstream in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Western Midstream's short interest history, or implied volatility extrapolated from Western Midstream options trading.
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.When determining whether Western Midstream is a strong investment it is important to analyze Western Midstream's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Western Midstream's future performance. For an informed investment choice regarding Western Stock, refer to the following important reports:Check out Western Midstream Correlation, Western Midstream Volatility and Western Midstream Alpha and Beta module to complement your research on Western Midstream. Note that the Western Midstream information on this page should be used as a complementary analysis to other Western Midstream'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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Western Stock analysis
When running Western Midstream's price analysis, check to measure Western Midstream'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 Midstream is operating at the current time. Most of Western Midstream's value examination focuses on studying past and present price action to predict the probability of Western Midstream'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 Midstream's price. Additionally, you may evaluate how the addition of Western Midstream to your portfolios can decrease your overall portfolio volatility.
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Western Midstream technical 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, stock market cycles, or different charting patterns.