Witbe Net (France) Market Value
| ALWIT Stock | EUR 1.92 0.03 1.59% |
| Symbol | Witbe |
Witbe Net '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 Witbe Net'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 Witbe Net.
| 04/09/2024 |
| 03/05/2025 |
If you would invest 0.00 in Witbe Net on April 9, 2024 and sell it all today you would earn a total of 0.00 from holding Witbe Net SA or generate 0.0% return on investment in Witbe Net over 330 days. Witbe Net is related to or competes with Immersion, Entreparticuli, and Biosynex. Witbe SA provides services to telecom operators, broadcasters, and app developers worldwide More
Witbe Net 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 Witbe Net'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 Witbe Net SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 26.89 | |||
| Value At Risk | (5.09) | |||
| Potential Upside | 4.24 |
Witbe Net Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Witbe Net's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Witbe Net's standard deviation. In reality, there are many statistical measures that can use Witbe Net historical prices to predict the future Witbe Net's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | 0.0437 | |||
| Treynor Ratio | 0.8497 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Witbe Net'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.
Witbe Net SA Backtested Returns
Witbe Net SA shows Sharpe Ratio of -0.0728, which attests that the company had a -0.0728 % return per unit of risk over the last 3 months. Witbe Net SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Witbe Net's Mean Deviation of 2.16, market risk adjusted performance of 0.8597, and Standard Deviation of 3.5 to validate the risk estimate we provide. The firm maintains a market beta of -0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Witbe Net are expected to decrease at a much lower rate. During the bear market, Witbe Net is likely to outperform the market. At this point, Witbe Net SA has a negative expected return of -0.26%. Please make sure to check out Witbe Net's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Witbe Net SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Witbe Net SA has poor predictability. Overlapping area represents the amount of predictability between Witbe Net time series from 9th of April 2024 to 21st of September 2024 and 21st of September 2024 to 5th of March 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 Witbe Net SA price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Witbe Net price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Witbe Net SA lagged returns against current returns
Autocorrelation, which is Witbe Net 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 Witbe Net's stock expected returns. We can calculate the autocorrelation of Witbe Net returns to help us make a trade decision. For example, suppose you find that Witbe Net 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 |
Witbe Net 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 Witbe Net stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Witbe Net stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Witbe Net stock over time.
Current vs Lagged Prices |
| Timeline |
Witbe Net Lagged Returns
When evaluating Witbe Net's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Witbe Net stock have on its future price. Witbe Net 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, Witbe Net autocorrelation shows the relationship between Witbe Net stock current value and its past values and can show if there is a momentum factor associated with investing in Witbe Net SA.
Regressed Prices |
| Timeline |
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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.Additional Tools for Witbe Stock Analysis
When running Witbe Net's price analysis, check to measure Witbe Net'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 Witbe Net is operating at the current time. Most of Witbe Net's value examination focuses on studying past and present price action to predict the probability of Witbe Net's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Witbe Net's price. Additionally, you may evaluate how the addition of Witbe Net to your portfolios can decrease your overall portfolio volatility.