Weaccess Group (France) Market Value
| MLWEA Stock | EUR 0.38 0.08 17.39% |
| Symbol | Weaccess |
Weaccess Group '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 Weaccess Group'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 Weaccess Group.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Weaccess Group on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Weaccess Group SA or generate 0.0% return on investment in Weaccess Group over 30 days. Weaccess Group is related to or competes with Orange SA, Keyrus SA, Bd Multimedia, and . Weaccess Group, Socit Anonyme provides access to Internet and telephony More
Weaccess Group 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 Weaccess Group'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 Weaccess Group SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 9.52 |
Weaccess Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weaccess Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weaccess Group's standard deviation. In reality, there are many statistical measures that can use Weaccess Group historical prices to predict the future Weaccess Group's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.379 |
Weaccess Group SA Backtested Returns
Weaccess Group SA shows Sharpe Ratio of -0.0846, which attests that the company had a -0.0846% return per unit of risk over the last 3 months. Weaccess Group SA exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Weaccess Group's Market Risk Adjusted Performance of 0.389, mean deviation of 0.775, and Standard Deviation of 2.61 to validate the risk estimate we provide. The firm maintains a market beta of -0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Weaccess Group are expected to decrease at a much lower rate. During the bear market, Weaccess Group is likely to outperform the market. At this point, Weaccess Group SA has a negative expected return of -0.22%. Please make sure to check out Weaccess Group's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the jensen alpha and day median price , to decide if Weaccess Group SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Weaccess Group SA has no correlation between past and present. Overlapping area represents the amount of predictability between Weaccess Group time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Weaccess Group SA price movement. The serial correlation of 0.0 indicates that just 0.0% of current Weaccess Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Weaccess Group SA lagged returns against current returns
Autocorrelation, which is Weaccess Group 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 Weaccess Group's stock expected returns. We can calculate the autocorrelation of Weaccess Group returns to help us make a trade decision. For example, suppose you find that Weaccess Group 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 |
Weaccess Group 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 Weaccess Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weaccess Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Weaccess Group stock over time.
Current vs Lagged Prices |
| Timeline |
Weaccess Group Lagged Returns
When evaluating Weaccess Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weaccess Group stock have on its future price. Weaccess Group 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, Weaccess Group autocorrelation shows the relationship between Weaccess Group stock current value and its past values and can show if there is a momentum factor associated with investing in Weaccess Group 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 Weaccess Stock Analysis
When running Weaccess Group's price analysis, check to measure Weaccess Group'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 Weaccess Group is operating at the current time. Most of Weaccess Group's value examination focuses on studying past and present price action to predict the probability of Weaccess Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weaccess Group's price. Additionally, you may evaluate how the addition of Weaccess Group to your portfolios can decrease your overall portfolio volatility.