Wang Lee Group, Stock Market Value
| WLGS Stock | 4.73 0.06 1.28% |
| Symbol | Wang |
Wang Lee Group, Price To Book Ratio
Is Construction & Engineering 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 Wang Lee. If investors know Wang 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 Wang Lee listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.04) | Revenue Per Share 0.478 | Quarterly Revenue Growth 0.846 | Return On Assets (0.06) | Return On Equity (0.30) |
The market value of Wang Lee Group, is measured differently than its book value, which is the value of Wang that is recorded on the company's balance sheet. Investors also form their own opinion of Wang Lee's value that differs from its market value or its book value, called intrinsic value, which is Wang Lee'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 Wang Lee's market value can be influenced by many factors that don't directly affect Wang Lee'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 Wang Lee's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wang Lee is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wang Lee'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.
Wang Lee '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 Wang Lee'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 Wang Lee.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Wang Lee on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Wang Lee Group, or generate 0.0% return on investment in Wang Lee over 30 days. Wang Lee is related to or competes with KBR, Tetra Tech, Fluor, Topbuild Corp, MasTec, EMCOR, and Comfort Systems. Wang Lee is entity of United States. It is traded as Stock on NASDAQ exchange. More
Wang Lee 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 Wang Lee'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 Wang Lee Group, upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.54 | |||
| Information Ratio | 0.3166 | |||
| Maximum Drawdown | 66.06 | |||
| Value At Risk | (12.71) | |||
| Potential Upside | 27.73 |
Wang Lee Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wang Lee's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wang Lee's standard deviation. In reality, there are many statistical measures that can use Wang Lee historical prices to predict the future Wang Lee's volatility.| Risk Adjusted Performance | 0.2599 | |||
| Jensen Alpha | 3.71 | |||
| Total Risk Alpha | 1.98 | |||
| Sortino Ratio | 0.4101 | |||
| Treynor Ratio | 1.56 |
Wang Lee Group, Backtested Returns
Wang Lee is dangerous given 3 months investment horizon. Wang Lee Group, shows Sharpe Ratio of 0.33, which attests that the company had a 0.33% return per unit of risk over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 4.11% are justified by taking the suggested risk. Use Wang Lee Group, Market Risk Adjusted Performance of 1.57, mean deviation of 9.44, and Downside Deviation of 9.54 to evaluate company specific risk that cannot be diversified away. Wang Lee holds a performance score of 25 on a scale of zero to a hundred. The firm maintains a market beta of 2.59, 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, Wang Lee will likely underperform. Use Wang Lee Group, skewness, and the relationship between the value at risk and day median price , to analyze future returns on Wang Lee Group,.
Auto-correlation | 0.62 |
Good predictability
Wang Lee Group, has good predictability. Overlapping area represents the amount of predictability between Wang Lee 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 Wang Lee Group, price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Wang Lee price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Wang Lee Group, lagged returns against current returns
Autocorrelation, which is Wang Lee 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 Wang Lee's stock expected returns. We can calculate the autocorrelation of Wang Lee returns to help us make a trade decision. For example, suppose you find that Wang Lee 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 |
Wang Lee 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 Wang Lee stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wang Lee stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wang Lee stock over time.
Current vs Lagged Prices |
| Timeline |
Wang Lee Lagged Returns
When evaluating Wang Lee's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wang Lee stock have on its future price. Wang Lee 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, Wang Lee autocorrelation shows the relationship between Wang Lee stock current value and its past values and can show if there is a momentum factor associated with investing in Wang Lee Group,.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Wang Stock Analysis
When running Wang Lee's price analysis, check to measure Wang Lee'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 Wang Lee is operating at the current time. Most of Wang Lee's value examination focuses on studying past and present price action to predict the probability of Wang Lee's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wang Lee's price. Additionally, you may evaluate how the addition of Wang Lee to your portfolios can decrease your overall portfolio volatility.