Weir Group (UK) Market Value
| WEIR Stock | 2,272 22.00 0.96% |
| Symbol | Weir |
Weir 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 Weir 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 Weir Group.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Weir Group on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Weir Group PLC or generate 0.0% return on investment in Weir Group over 720 days. Weir Group is related to or competes with Metals Exploration, Playtech Plc, AIM ImmunoTech, Panther Metals, Blackrock World, DXC Technology, and GoldMining. Weir Group is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Weir 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 Weir 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 Weir Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.0564 | |||
| Maximum Drawdown | 6.51 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.45 |
Weir Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weir Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weir Group's standard deviation. In reality, there are many statistical measures that can use Weir Group historical prices to predict the future Weir Group's volatility.| Risk Adjusted Performance | 0.1058 | |||
| Jensen Alpha | 0.1722 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0579 | |||
| Treynor Ratio | 3.18 |
Weir Group PLC Backtested Returns
Currently, Weir Group PLC is very steady. Weir Group PLC shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Weir Group PLC, which you can use to evaluate the volatility of the company. Please check out Weir Group's Downside Deviation of 1.31, mean deviation of 1.06, and Market Risk Adjusted Performance of 3.19 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Weir Group has a performance score of 10 on a scale of 0 to 100. The firm maintains a market beta of 0.0559, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Weir Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Weir Group is expected to be smaller as well. Weir Group PLC right now maintains a risk of 1.35%. Please check out Weir Group PLC total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Weir Group PLC will be following its historical returns.
Auto-correlation | 0.09 |
Virtually no predictability
Weir Group PLC has virtually no predictability. Overlapping area represents the amount of predictability between Weir Group time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Weir Group PLC price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Weir Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 17.5 K |
Weir Group PLC lagged returns against current returns
Autocorrelation, which is Weir 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 Weir Group's stock expected returns. We can calculate the autocorrelation of Weir Group returns to help us make a trade decision. For example, suppose you find that Weir 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 |
Weir 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 Weir Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weir Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Weir Group stock over time.
Current vs Lagged Prices |
| Timeline |
Weir Group Lagged Returns
When evaluating Weir Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weir Group stock have on its future price. Weir 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, Weir Group autocorrelation shows the relationship between Weir Group stock current value and its past values and can show if there is a momentum factor associated with investing in Weir Group PLC.
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 Weir Stock Analysis
When running Weir Group's price analysis, check to measure Weir 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 Weir Group is operating at the current time. Most of Weir Group's value examination focuses on studying past and present price action to predict the probability of Weir 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 Weir Group's price. Additionally, you may evaluate how the addition of Weir Group to your portfolios can decrease your overall portfolio volatility.