Watsco (Germany) Price on March 20, 2024

WC3 Stock  EUR 466.80  3.40  0.73%   
If you're considering investing in Watsco Stock, it is important to understand the factors that can impact its price. As of today, the current price of Watsco stands at 466.80, as last reported on the 23rd of December, with the highest price reaching 466.90 and the lowest price hitting 463.10 during the day. At this point, Watsco is very steady. Watsco Inc shows Sharpe Ratio of 0.0547, which attests that the company had a 0.0547% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Watsco Inc, which you can use to evaluate the volatility of the company. Please check out Watsco's Mean Deviation of 1.3, market risk adjusted performance of 0.2614, and Downside Deviation of 1.55 to validate if the risk estimate we provide is consistent with the expected return of 0.097%.
  
Watsco Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0547

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskWC3High RiskHuge Risk
Negative Returns

Estimated Market Risk

 1.77
  actual daily
15
85% of assets are more volatile

Expected Return

 0.1
  actual daily
1
99% of assets have higher returns

Risk-Adjusted Return

 0.05
  actual daily
4
96% of assets perform better
Based on monthly moving average Watsco is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Watsco by adding it to a well-diversified portfolio.

Watsco Valuation on March 20, 2024

It is possible to determine the worth of Watsco on a given historical date. On March 20, 2024 Watsco was worth 373.46 at the beginning of the trading date compared to the closed value of 379.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Watsco stock. Still, in general, we apply an absolute valuation method to find Watsco's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Watsco where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Watsco's related companies.
 Open High Low Close Volume
  369.53    374.83    369.53    374.05    8.00  
03/20/2024
  373.46    379.74    371.69    379.74    1.00  
  379.74    396.42    379.54    396.42    5.00  
Backtest Watsco  |  Watsco History  |  Watsco Valuation   PreviousNext  
Open Value
373.46
368.14
Downside
379.74
Closing Value
378.78
Upside

Watsco Trading Date Momentum on March 20, 2024

On March 21 2024 Watsco Inc was traded for  396.42  at the closing time. The highest daily price throughout the period was 396.42  and the lowest price was  379.54 . The daily volume was 5.0. The net trading volume on 03/21/2024 added to the next day price rise. The trading price change to closing price of the next trading day was 4.39% . The trading price change to current closing price is 4.18% .

Watsco Inc Fundamentals Correlations and Trends

By evaluating Watsco's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Watsco's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Watsco financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Watsco Stock history

Watsco investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Watsco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Watsco Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Watsco stock prices may prove useful in developing a viable investing in Watsco
Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida. WATSCO INC operates under Industrial Distribution classification in Germany and is traded on Frankfurt Stock Exchange. It employs 5200 people.

Watsco Stock Technical Analysis

Watsco 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.
A focus of Watsco technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Watsco trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Watsco Period Price Range

Low
December 23, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Watsco Inc cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Watsco December 23, 2024 Market Strength

Market strength indicators help investors to evaluate how Watsco stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Watsco shares will generate the highest return on investment. By undertsting and applying Watsco stock market strength indicators, traders can identify Watsco Inc entry and exit signals to maximize returns

Watsco Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Watsco's price direction in advance. Along with the technical and fundamental analysis of Watsco Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Watsco to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Watsco Stock analysis

When running Watsco's price analysis, check to measure Watsco'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 Watsco is operating at the current time. Most of Watsco's value examination focuses on studying past and present price action to predict the probability of Watsco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Watsco's price. Additionally, you may evaluate how the addition of Watsco to your portfolios can decrease your overall portfolio volatility.
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
CEOs Directory
Screen CEOs from public companies around the world
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk