Workforce Holdings (South Africa) Market Value
| WKF Stock | 146.00 0.00 0.00% |
| Symbol | Workforce |
Workforce Holdings '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 Workforce Holdings' 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 Workforce Holdings.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Workforce Holdings on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Workforce Holdings or generate 0.0% return on investment in Workforce Holdings over 720 days. Workforce Holdings is related to or competes with Ascendis Health, Frontier Transport, E Media, Deneb Investments, CA Sales, and Harmony Gold. More
Workforce Holdings 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 Workforce Holdings' 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 Workforce Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 17.75 |
Workforce Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Workforce Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Workforce Holdings' standard deviation. In reality, there are many statistical measures that can use Workforce Holdings historical prices to predict the future Workforce Holdings' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 1.12 |
Workforce Holdings Backtested Returns
Workforce Holdings shows Sharpe Ratio of -0.11, which attests that the company had a -0.11% return per unit of risk over the last 3 months. Workforce Holdings exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Workforce Holdings' Standard Deviation of 2.3, market risk adjusted performance of 1.13, and Mean Deviation of 0.6999 to validate the risk estimate we provide. The firm maintains a market beta of -0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Workforce Holdings are expected to decrease at a much lower rate. During the bear market, Workforce Holdings is likely to outperform the market. At this point, Workforce Holdings has a negative expected return of -0.26%. Please make sure to check out Workforce Holdings' jensen alpha, rate of daily change, and the relationship between the variance and skewness , to decide if Workforce Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Workforce Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Workforce Holdings time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 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 Workforce Holdings price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Workforce Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 332.2 |
Workforce Holdings lagged returns against current returns
Autocorrelation, which is Workforce Holdings 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 Workforce Holdings' stock expected returns. We can calculate the autocorrelation of Workforce Holdings returns to help us make a trade decision. For example, suppose you find that Workforce Holdings 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 |
Workforce Holdings 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 Workforce Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Workforce Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Workforce Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Workforce Holdings Lagged Returns
When evaluating Workforce Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Workforce Holdings stock have on its future price. Workforce Holdings 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, Workforce Holdings autocorrelation shows the relationship between Workforce Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Workforce Holdings.
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 Workforce Stock
Workforce Holdings financial ratios help investors to determine whether Workforce 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 Workforce with respect to the benefits of owning Workforce Holdings security.