Waga Energy (France) Market Value
| WAGA Stock | 15.76 0.20 1.29% |
| Symbol | Waga |
Waga Energy '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 Waga Energy'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 Waga Energy.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Waga Energy on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Waga Energy SA or generate 0.0% return on investment in Waga Energy over 30 days. Waga Energy is related to or competes with Alstom SA, Groupe Sfpi, and Nhoa SA. More
Waga Energy 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 Waga Energy'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 Waga Energy SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | 2.0E-4 | |||
| Maximum Drawdown | 13.78 | |||
| Value At Risk | (4.60) | |||
| Potential Upside | 5.4 |
Waga Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Waga Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Waga Energy's standard deviation. In reality, there are many statistical measures that can use Waga Energy historical prices to predict the future Waga Energy's volatility.| Risk Adjusted Performance | 0.0425 | |||
| Jensen Alpha | 0.1759 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 2.0E-4 | |||
| Treynor Ratio | (0.22) |
Waga Energy SA Backtested Returns
At this point, Waga Energy is not too volatile. Waga Energy SA shows Sharpe Ratio of 0.0623, which attests that the company had a 0.0623% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Waga Energy SA, which you can use to evaluate the volatility of the company. Please check out Waga Energy's Mean Deviation of 1.97, market risk adjusted performance of (0.21), and Downside Deviation of 2.83 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Waga Energy has a performance score of 4 on a scale of 0 to 100. The firm maintains a market beta of -0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Waga Energy are expected to decrease at a much lower rate. During the bear market, Waga Energy is likely to outperform the market. Waga Energy SA right now maintains a risk of 2.76%. Please check out Waga Energy SA standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Waga Energy SA will be following its historical returns.
Auto-correlation | 0.13 |
Insignificant predictability
Waga Energy SA has insignificant predictability. Overlapping area represents the amount of predictability between Waga Energy time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Waga Energy SA price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Waga Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Waga Energy SA lagged returns against current returns
Autocorrelation, which is Waga Energy 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 Waga Energy's stock expected returns. We can calculate the autocorrelation of Waga Energy returns to help us make a trade decision. For example, suppose you find that Waga Energy 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 |
Waga Energy 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 Waga Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Waga Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Waga Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Waga Energy Lagged Returns
When evaluating Waga Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Waga Energy stock have on its future price. Waga Energy 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, Waga Energy autocorrelation shows the relationship between Waga Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Waga Energy SA.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Waga Stock
Waga Energy financial ratios help investors to determine whether Waga Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Waga with respect to the benefits of owning Waga Energy security.