Western Energy Services Stock Market Value
| WRG Stock | CAD 2.18 0.05 2.24% |
| Symbol | Western |
Western Energy '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 Energy'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 Energy.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Western Energy on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Western Energy Services or generate 0.0% return on investment in Western Energy over 90 days. Western Energy is related to or competes with ACT Energy, AKITA Drilling, Stampede Drilling, PHX Energy, Ensign Energy, Total Energy, and Calfrac Well. Western Energy Services Corp. operates as an oilfield service company in Canada and the United States More
Western Energy 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 Energy'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 Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.1 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 19.95 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 6.07 |
Western Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Energy's standard deviation. In reality, there are many statistical measures that can use Western Energy historical prices to predict the future Western Energy's volatility.| Risk Adjusted Performance | 0.0393 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1054 |
Western Energy Services Backtested Returns
As of now, Western Stock is very risky. Western Energy Services shows Sharpe Ratio of 0.0345, which attests that the company had a 0.0345 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Western Energy Services, which you can use to evaluate the volatility of the company. Please check out Western Energy's Downside Deviation of 5.1, market risk adjusted performance of 0.1154, and Mean Deviation of 2.21 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. Western Energy has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 1.06, which attests to a somewhat significant risk relative to the market. Western Energy returns are very sensitive to returns on the market. As the market goes up or down, Western Energy is expected to follow. Western Energy Services right now maintains a risk of 3.6%. Please check out Western Energy Services skewness, and the relationship between the potential upside and rate of daily change , to decide if Western Energy Services will be following its historical returns.
Auto-correlation | 0.24 |
Weak predictability
Western Energy Services has weak predictability. Overlapping area represents the amount of predictability between Western Energy time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. 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 Energy Services price movement. The serial correlation of 0.24 indicates that over 24.0% of current Western Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Western Energy Services lagged returns against current returns
Autocorrelation, which is Western Energy 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 Energy's stock expected returns. We can calculate the autocorrelation of Western Energy returns to help us make a trade decision. For example, suppose you find that Western Energy 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 Energy 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 Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Western Energy Lagged Returns
When evaluating Western Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Energy stock have on its future price. Western Energy 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 Energy autocorrelation shows the relationship between Western Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Western Energy Services.
Regressed Prices |
| Timeline |
Pair Trading with Western Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Western Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Western Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Western Stock
| 0.36 | ENS-PA | E Split Corp | PairCorr |
| 0.33 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.32 | SAGE | Sage Potash Corp | PairCorr |
The ability to find closely correlated positions to Western Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Western Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Western Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Western Energy Services to buy it.
The correlation of Western Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Western Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Energy Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Western Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Western Stock
Western Energy financial ratios help investors to determine whether Western 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 Western with respect to the benefits of owning Western Energy security.