Western Investment Stock Market Value

WI Stock  CAD 0.44  0.01  2.22%   
Western Investment's market value is the price at which a share of Western Investment trades on a public exchange. It measures the collective expectations of Western Investment investors about its performance. Western Investment is selling for under 0.44 as of the 5th of December 2024; that is 2.22 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.44.
With this module, you can estimate the performance of a buy and hold strategy of Western Investment and determine expected loss or profit from investing in Western Investment over a given investment horizon. Check out Western Investment Correlation, Western Investment Volatility and Western Investment Alpha and Beta module to complement your research on Western Investment.
Symbol

Please note, there is a significant difference between Western Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Investment'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 Investment '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 Investment'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 Investment.
0.00
12/16/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/05/2024
0.00
If you would invest  0.00  in Western Investment on December 16, 2022 and sell it all today you would earn a total of 0.00 from holding Western Investment or generate 0.0% return on investment in Western Investment over 720 days. Western Investment is related to or competes with IShares Canadian, Altagas Cum, European Residential, RBC Discount, IShares SPTSX, Harvest Tech, and Dynamic Active. The Western Investment Company of Canada Limited, through its subsidiaries, operates as an automotive glass service comp... More

Western Investment 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 Investment'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 Investment upside and downside potential and time the market with a certain degree of confidence.

Western Investment Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Investment's standard deviation. In reality, there are many statistical measures that can use Western Investment historical prices to predict the future Western Investment's volatility.
Hype
Prediction
LowEstimatedHigh
0.020.445.11
Details
Intrinsic
Valuation
LowRealHigh
0.020.375.04
Details
Naive
Forecast
LowNextHigh
0.010.455.12
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.420.440.46
Details

Western Investment Backtested Returns

At this stage we consider Western Stock to be out of control. Western Investment shows Sharpe Ratio of 0.0228, which attests that the company had a 0.0228% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Western Investment, which you can use to evaluate the volatility of the company. Please check out Western Investment's Mean Deviation of 2.78, market risk adjusted performance of 1.03, and Downside Deviation of 6.48 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Western Investment has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Western Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Western Investment is expected to be smaller as well. Western Investment right now maintains a risk of 4.64%. Please check out Western Investment potential upside and the relationship between the skewness and price action indicator , to decide if Western Investment will be following its historical returns.

Auto-correlation

    
  -0.3  

Weak reverse predictability

Western Investment has weak reverse predictability. Overlapping area represents the amount of predictability between Western Investment time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 to 5th 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 Investment price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Western Investment price fluctuation can be explain by its past prices.
Correlation Coefficient-0.3
Spearman Rank Test-0.15
Residual Average0.0
Price Variance0.0

Western Investment lagged returns against current returns

Autocorrelation, which is Western Investment 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 Investment's stock expected returns. We can calculate the autocorrelation of Western Investment returns to help us make a trade decision. For example, suppose you find that Western Investment 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 Investment 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 Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Investment stock over time.
   Current vs Lagged Prices   
       Timeline  

Western Investment Lagged Returns

When evaluating Western Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Investment stock have on its future price. Western Investment 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 Investment autocorrelation shows the relationship between Western Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Western Investment.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Explore Investing Ideas  

Additional Tools for Western Stock Analysis

When running Western Investment's price analysis, check to measure Western Investment'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 Investment is operating at the current time. Most of Western Investment's value examination focuses on studying past and present price action to predict the probability of Western Investment'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 Investment's price. Additionally, you may evaluate how the addition of Western Investment to your portfolios can decrease your overall portfolio volatility.