Wetzel SA (Brazil) Market Value
| MWET4 Preferred Stock | BRL 10.50 0.43 3.93% |
| Symbol | Wetzel |
Wetzel SA '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 Wetzel SA's preferred 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 Wetzel SA.
| 11/27/2024 |
| 02/25/2025 |
If you would invest 0.00 in Wetzel SA on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Wetzel SA or generate 0.0% return on investment in Wetzel SA over 90 days. Wetzel SA is related to or competes with Recrusul, Mangels Industrial, Inepar SA, Lupatech, and Pettenati. Wetzel S.A. manufactures and sells aluminum, iron, and electro technical products primarily in South Cone countries, Eur... More
Wetzel SA 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 Wetzel SA's preferred 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 Wetzel SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 30.08 | |||
| Value At Risk | (8.46) | |||
| Potential Upside | 6.43 |
Wetzel SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wetzel SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wetzel SA's standard deviation. In reality, there are many statistical measures that can use Wetzel SA historical prices to predict the future Wetzel SA's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 11.12 |
Wetzel SA Backtested Returns
Wetzel SA shows Sharpe Ratio of -0.11, which attests that the company had a -0.11 % return per unit of risk over the last 3 months. Wetzel SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wetzel SA's Market Risk Adjusted Performance of 11.13, mean deviation of 2.51, and Standard Deviation of 4.45 to validate the risk estimate we provide. The firm maintains a market beta of -0.045, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wetzel SA are expected to decrease at a much lower rate. During the bear market, Wetzel SA is likely to outperform the market. At this point, Wetzel SA has a negative expected return of -0.49%. Please make sure to check out Wetzel SA's potential upside, rate of daily change, period momentum indicator, as well as the relationship between the kurtosis and day typical price , to decide if Wetzel SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Wetzel SA has virtually no predictability. Overlapping area represents the amount of predictability between Wetzel SA time series from 27th of November 2024 to 11th of January 2025 and 11th of January 2025 to 25th of February 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 Wetzel SA price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Wetzel SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Wetzel SA lagged returns against current returns
Autocorrelation, which is Wetzel SA preferred 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 Wetzel SA's preferred stock expected returns. We can calculate the autocorrelation of Wetzel SA returns to help us make a trade decision. For example, suppose you find that Wetzel SA has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Wetzel SA 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 Wetzel SA preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wetzel SA preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wetzel SA preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Wetzel SA Lagged Returns
When evaluating Wetzel SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wetzel SA preferred stock have on its future price. Wetzel SA 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, Wetzel SA autocorrelation shows the relationship between Wetzel SA preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Wetzel 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 Wetzel Preferred Stock Analysis
When running Wetzel SA's price analysis, check to measure Wetzel SA'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 Wetzel SA is operating at the current time. Most of Wetzel SA's value examination focuses on studying past and present price action to predict the probability of Wetzel SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wetzel SA's price. Additionally, you may evaluate how the addition of Wetzel SA to your portfolios can decrease your overall portfolio volatility.