Wizz Air (Germany) Market Value
| WI2 Stock | 15.42 0.10 0.64% |
| Symbol | Wizz |
Wizz Air '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 Wizz Air'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 Wizz Air.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Wizz Air on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Wizz Air Holdings or generate 0.0% return on investment in Wizz Air over 30 days. Wizz Air is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
Wizz Air 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 Wizz Air'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 Wizz Air Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.29 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 19.13 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 6.94 |
Wizz Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wizz Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wizz Air's standard deviation. In reality, there are many statistical measures that can use Wizz Air historical prices to predict the future Wizz Air's volatility.| Risk Adjusted Performance | 0.0154 | |||
| Jensen Alpha | 0.0479 | |||
| Total Risk Alpha | (0.59) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wizz Air'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.
Wizz Air Holdings Backtested Returns
Currently, Wizz Air Holdings is somewhat reliable. Wizz Air Holdings shows Sharpe Ratio of 0.0233, which attests that the company had a 0.0233% return per unit of risk over the last 3 months. We have found thirty technical indicators for Wizz Air Holdings, which you can use to evaluate the volatility of the company. Please check out Wizz Air's Downside Deviation of 3.29, market risk adjusted performance of (0.14), and Mean Deviation of 2.74 to validate if the risk estimate we provide is consistent with the expected return of 0.085%. Wizz Air has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wizz Air are expected to decrease at a much lower rate. During the bear market, Wizz Air is likely to outperform the market. Wizz Air Holdings right now maintains a risk of 3.65%. Please check out Wizz Air Holdings semi variance, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if Wizz Air Holdings will be following its historical returns.
Auto-correlation | -0.39 |
Poor reverse predictability
Wizz Air Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between Wizz Air time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Wizz Air Holdings price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Wizz Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Wizz Air Holdings lagged returns against current returns
Autocorrelation, which is Wizz Air 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 Wizz Air's stock expected returns. We can calculate the autocorrelation of Wizz Air returns to help us make a trade decision. For example, suppose you find that Wizz Air 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 |
Wizz Air 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 Wizz Air stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wizz Air stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wizz Air stock over time.
Current vs Lagged Prices |
| Timeline |
Wizz Air Lagged Returns
When evaluating Wizz Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wizz Air stock have on its future price. Wizz Air 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, Wizz Air autocorrelation shows the relationship between Wizz Air stock current value and its past values and can show if there is a momentum factor associated with investing in Wizz Air Holdings.
Regressed Prices |
| Timeline |
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Additional Tools for Wizz Stock Analysis
When running Wizz Air's price analysis, check to measure Wizz Air'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 Wizz Air is operating at the current time. Most of Wizz Air's value examination focuses on studying past and present price action to predict the probability of Wizz Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wizz Air's price. Additionally, you may evaluate how the addition of Wizz Air to your portfolios can decrease your overall portfolio volatility.