Weyco Group Stock Market Value
| WEYS Stock | USD 35.71 0.08 0.22% |
| Symbol | Weyco |
Weyco Group Price To Book Ratio
Is Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Weyco. If investors know Weyco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Weyco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Dividend Share 1.03 | Earnings Share 3.02 | Revenue Per Share 30.791 | Quarterly Revenue Growth (0.12) |
The market value of Weyco Group is measured differently than its book value, which is the value of Weyco that is recorded on the company's balance sheet. Investors also form their own opinion of Weyco's value that differs from its market value or its book value, called intrinsic value, which is Weyco's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Weyco's market value can be influenced by many factors that don't directly affect Weyco's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Weyco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Weyco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Weyco's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Weyco '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 Weyco'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 Weyco.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Weyco on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Weyco Group or generate 0.0% return on investment in Weyco over 180 days. Weyco is related to or competes with Steven Madden, Vera Bradley, Continental, Wolverine World, Rocky Brands, and Designer Brands. Weyco Group, Inc. designs and distributes footwear for men, women, and children More
Weyco 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 Weyco'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 Weyco Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 25.17 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 2.82 |
Weyco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weyco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weyco's standard deviation. In reality, there are many statistical measures that can use Weyco historical prices to predict the future Weyco's volatility.| Risk Adjusted Performance | 0.0376 | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0468 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Weyco's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Weyco Group Backtested Returns
Currently, Weyco Group is not too volatile. Weyco Group shows Sharpe Ratio of 0.0595, which attests that the company had a 0.0595% return per unit of risk over the last 3 months. We have found thirty technical indicators for Weyco Group, which you can use to evaluate the volatility of the company. Please check out Weyco's Downside Deviation of 2.27, market risk adjusted performance of 0.0568, and Mean Deviation of 1.81 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. Weyco has a performance score of 4 on a scale of 0 to 100. The firm maintains a market beta of 2.37, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Weyco will likely underperform. Weyco Group right now maintains a risk of 3.13%. Please check out Weyco Group maximum drawdown, skewness, as well as the relationship between the Skewness and day typical price , to decide if Weyco Group will be following its historical returns.
Auto-correlation | 0.46 |
Average predictability
Weyco Group has average predictability. Overlapping area represents the amount of predictability between Weyco time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Weyco Group price movement. The serial correlation of 0.46 indicates that about 46.0% of current Weyco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 3.52 |
Weyco Group lagged returns against current returns
Autocorrelation, which is Weyco 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 Weyco's stock expected returns. We can calculate the autocorrelation of Weyco returns to help us make a trade decision. For example, suppose you find that Weyco 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 |
Weyco 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 Weyco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weyco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Weyco stock over time.
Current vs Lagged Prices |
| Timeline |
Weyco Lagged Returns
When evaluating Weyco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weyco stock have on its future price. Weyco 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, Weyco autocorrelation shows the relationship between Weyco stock current value and its past values and can show if there is a momentum factor associated with investing in Weyco Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Weyco Stock Analysis
When running Weyco's price analysis, check to measure Weyco'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 Weyco is operating at the current time. Most of Weyco's value examination focuses on studying past and present price action to predict the probability of Weyco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weyco's price. Additionally, you may evaluate how the addition of Weyco to your portfolios can decrease your overall portfolio volatility.