Willdan Group Stock Market Value
| WLDN Stock | USD 36.60 0.53 1.43% |
| Symbol | Willdan |
Willdan Group Price To Book Ratio
Is Research & Consulting Services 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 Willdan. If investors know Willdan 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 Willdan 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 3.636 | Earnings Share 1.64 | Revenue Per Share | Quarterly Revenue Growth 0.192 | Return On Assets |
The market value of Willdan Group is measured differently than its book value, which is the value of Willdan that is recorded on the company's balance sheet. Investors also form their own opinion of Willdan's value that differs from its market value or its book value, called intrinsic value, which is Willdan'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 Willdan's market value can be influenced by many factors that don't directly affect Willdan'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 Willdan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Willdan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Willdan'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.
Willdan '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 Willdan'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 Willdan.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Willdan on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Willdan Group or generate 0.0% return on investment in Willdan over 30 days. Willdan is related to or competes with SNC Lavalin, WSP Global, Comfort Systems, MYR, Matrix Service, Granite Construction, and Ameresco. Willdan Group, Inc., together with its subsidiaries, provides professional, technical and consulting services primarily ... More
Willdan 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 Willdan'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 Willdan Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.81 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 2.66 |
Willdan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Willdan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Willdan's standard deviation. In reality, there are many statistical measures that can use Willdan historical prices to predict the future Willdan's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.88) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Willdan'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.
Willdan Group Backtested Returns
Willdan Group shows Sharpe Ratio of -0.1, which attests that the company had a -0.1% return per unit of risk over the last 3 months. Willdan Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Willdan's Mean Deviation of 1.52, standard deviation of 2.06, and Market Risk Adjusted Performance of (0.87) to validate the risk estimate we provide. The firm maintains a market beta of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Willdan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Willdan is expected to be smaller as well. At this point, Willdan Group has a negative expected return of -0.21%. Please make sure to check out Willdan's jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Willdan Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Willdan Group has good predictability. Overlapping area represents the amount of predictability between Willdan time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Willdan Group price movement. The serial correlation of 0.7 indicates that around 70.0% of current Willdan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Willdan Group lagged returns against current returns
Autocorrelation, which is Willdan 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 Willdan's stock expected returns. We can calculate the autocorrelation of Willdan returns to help us make a trade decision. For example, suppose you find that Willdan 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 |
Willdan 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 Willdan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Willdan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Willdan stock over time.
Current vs Lagged Prices |
| Timeline |
Willdan Lagged Returns
When evaluating Willdan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Willdan stock have on its future price. Willdan 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, Willdan autocorrelation shows the relationship between Willdan stock current value and its past values and can show if there is a momentum factor associated with investing in Willdan Group.
Regressed Prices |
| Timeline |
Pair Trading with Willdan
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Willdan position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Willdan will appreciate offsetting losses from the drop in the long position's value.Moving together with Willdan Stock
Moving against Willdan Stock
| 0.81 | KC | Kingsoft Cloud Holdings | PairCorr |
| 0.5 | SQ | Block Inc | PairCorr |
| 0.43 | BR | Broadridge Financial | PairCorr |
| 0.37 | DRVN | Driven Brands Holdings | PairCorr |
| 0.36 | G | Genpact Limited | PairCorr |
The ability to find closely correlated positions to Willdan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Willdan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Willdan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Willdan Group to buy it.
The correlation of Willdan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Willdan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Willdan Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Willdan can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Willdan Correlation, Willdan Volatility and Willdan Alpha and Beta module to complement your research on Willdan. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Willdan technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.