WBC has not had a great 12 months; but the trend is overwhelmingly positive. The long term spot price movement has a 98% fit to the mean when taken in log10; and the absolute majority of the price action remained within +/- 2 deviations from the mean. The 1993 recession caused the price to break below the -2 SD bound; as has the COVID19 event more recently. This latest movement pushed almost to -5 deviations; which statistically is an anomaly event given how much previous data we have to demonstrate the strength of the trend.
Financially, the numbers still stack up as well, with GDP related impacts being felt across the board not just within financials districts.
The risk of a return to the local low remains possible while the economic outlook is constrained, so a position here should reflect the risk of a >20% price decline; though the upside back to the mean is substantial and from an RR perspective does far outweigh the risk. Personal portfolio management will still need to be applied.
Financially, the numbers still stack up as well, with GDP related impacts being felt across the board not just within financials districts.
The risk of a return to the local low remains possible while the economic outlook is constrained, so a position here should reflect the risk of a >20% price decline; though the upside back to the mean is substantial and from an RR perspective does far outweigh the risk. Personal portfolio management will still need to be applied.