Wesizwe (South Africa) Market Value
| WEZ Stock | 40.00 2.00 4.76% |
| Symbol | Wesizwe |
Wesizwe '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 Wesizwe'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 Wesizwe.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Wesizwe on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Wesizwe or generate 0.0% return on investment in Wesizwe over 30 days. Wesizwe is related to or competes with Glencore PLC, South32, African Rainbow, Jubilee Platinum, Europa Metals. More
Wesizwe 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 Wesizwe'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 Wesizwe upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 24.88 | |||
| Value At Risk | (7.55) | |||
| Potential Upside | 7.14 |
Wesizwe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wesizwe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wesizwe's standard deviation. In reality, there are many statistical measures that can use Wesizwe historical prices to predict the future Wesizwe's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 17.41 |
Wesizwe Backtested Returns
Wesizwe shows Sharpe Ratio of -0.0644, which attests that the company had a -0.0644% return per unit of risk over the last 3 months. Wesizwe exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wesizwe's Mean Deviation of 3.13, standard deviation of 4.64, and Market Risk Adjusted Performance of 17.42 to validate the risk estimate we provide. The firm maintains a market beta of -0.0122, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wesizwe are expected to decrease at a much lower rate. During the bear market, Wesizwe is likely to outperform the market. At this point, Wesizwe has a negative expected return of -0.29%. Please make sure to check out Wesizwe's kurtosis, as well as the relationship between the rate of daily change and market facilitation index , to decide if Wesizwe performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Wesizwe has weak reverse predictability. Overlapping area represents the amount of predictability between Wesizwe time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Wesizwe price movement. The serial correlation of -0.25 indicates that over 25.0% of current Wesizwe price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 2.49 |
Wesizwe lagged returns against current returns
Autocorrelation, which is Wesizwe 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 Wesizwe's stock expected returns. We can calculate the autocorrelation of Wesizwe returns to help us make a trade decision. For example, suppose you find that Wesizwe 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 |
Wesizwe 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 Wesizwe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wesizwe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wesizwe stock over time.
Current vs Lagged Prices |
| Timeline |
Wesizwe Lagged Returns
When evaluating Wesizwe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wesizwe stock have on its future price. Wesizwe 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, Wesizwe autocorrelation shows the relationship between Wesizwe stock current value and its past values and can show if there is a momentum factor associated with investing in Wesizwe.
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.Other Information on Investing in Wesizwe Stock
Wesizwe financial ratios help investors to determine whether Wesizwe 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 Wesizwe with respect to the benefits of owning Wesizwe security.