Wabash National (Germany) Market Value
| WA9 Stock | EUR 16.30 0.10 0.61% |
| Symbol | Wabash |
Wabash National '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 Wabash National'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 Wabash National.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Wabash National on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Wabash National or generate 0.0% return on investment in Wabash National over 30 days. Wabash National is related to or competes with PACCAR, Sinotruk, Hyster Yale. Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products an... More
Wabash National 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 Wabash National'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 Wabash National upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.96 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.57 |
Wabash National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wabash National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wabash National's standard deviation. In reality, there are many statistical measures that can use Wabash National historical prices to predict the future Wabash National's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.08) |
Wabash National Backtested Returns
Wabash National shows Sharpe Ratio of -0.0094, which attests that the company had a -0.0094% return per unit of risk over the last 3 months. Wabash National exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wabash National's Standard Deviation of 2.36, mean deviation of 1.82, and Market Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The firm maintains a market beta of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wabash National's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wabash National is expected to be smaller as well. At this point, Wabash National has a negative expected return of -0.0223%. Please make sure to check out Wabash National's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Wabash National performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Wabash National has average predictability. Overlapping area represents the amount of predictability between Wabash National time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Wabash National price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Wabash National price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 1.09 |
Wabash National lagged returns against current returns
Autocorrelation, which is Wabash National 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 Wabash National's stock expected returns. We can calculate the autocorrelation of Wabash National returns to help us make a trade decision. For example, suppose you find that Wabash National 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 |
Wabash National 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 Wabash National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wabash National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wabash National stock over time.
Current vs Lagged Prices |
| Timeline |
Wabash National Lagged Returns
When evaluating Wabash National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wabash National stock have on its future price. Wabash National 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, Wabash National autocorrelation shows the relationship between Wabash National stock current value and its past values and can show if there is a momentum factor associated with investing in Wabash National.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Wabash Stock
When determining whether Wabash National offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wabash National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wabash National Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wabash National Stock:Check out Wabash National Correlation, Wabash National Volatility and Wabash National Alpha and Beta module to complement your research on Wabash National. For more detail on how to invest in Wabash Stock please use our How to Invest in Wabash National guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Wabash National 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.