WOOLWORTHS (Germany) Market Value
| WN3 Stock | EUR 3.18 0.02 0.63% |
| Symbol | WOOLWORTHS |
Please note, there is a significant difference between WOOLWORTHS's value and its price as these two are different measures arrived at by different means. Investors typically determine if WOOLWORTHS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WOOLWORTHS'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.
WOOLWORTHS '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 WOOLWORTHS'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 WOOLWORTHS.
| 04/11/2024 |
| 01/06/2025 |
If you would invest 0.00 in WOOLWORTHS on April 11, 2024 and sell it all today you would earn a total of 0.00 from holding WOOLWORTHS H NEW or generate 0.0% return on investment in WOOLWORTHS over 270 days. WOOLWORTHS is related to or competes with THAI BEVERAGE, Suntory Beverage, Monster Beverage, Thai Beverage, Tsingtao Brewery, and Fevertree Drinks. More
WOOLWORTHS 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 WOOLWORTHS'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 WOOLWORTHS H NEW upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.5 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 3.01 |
WOOLWORTHS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WOOLWORTHS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WOOLWORTHS's standard deviation. In reality, there are many statistical measures that can use WOOLWORTHS historical prices to predict the future WOOLWORTHS's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.1347 |
WOOLWORTHS H NEW Backtested Returns
WOOLWORTHS H NEW shows Sharpe Ratio of -0.0571, which attests that the company had a -0.0571% return per unit of standard deviation over the last 3 months. WOOLWORTHS H NEW exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WOOLWORTHS's Standard Deviation of 2.03, mean deviation of 1.55, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The firm maintains a market beta of -0.74, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WOOLWORTHS are expected to decrease at a much lower rate. During the bear market, WOOLWORTHS is likely to outperform the market. At this point, WOOLWORTHS H NEW has a negative expected return of -0.12%. Please make sure to check out WOOLWORTHS's skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if WOOLWORTHS H NEW performance from the past will be repeated at some future point.
Auto-correlation | 0.33 |
Below average predictability
WOOLWORTHS H NEW has below average predictability. Overlapping area represents the amount of predictability between WOOLWORTHS time series from 11th of April 2024 to 24th of August 2024 and 24th of August 2024 to 6th 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 WOOLWORTHS H NEW price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current WOOLWORTHS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
WOOLWORTHS H NEW lagged returns against current returns
Autocorrelation, which is WOOLWORTHS 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 WOOLWORTHS's stock expected returns. We can calculate the autocorrelation of WOOLWORTHS returns to help us make a trade decision. For example, suppose you find that WOOLWORTHS 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 |
WOOLWORTHS 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 WOOLWORTHS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WOOLWORTHS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WOOLWORTHS stock over time.
Current vs Lagged Prices |
| Timeline |
WOOLWORTHS Lagged Returns
When evaluating WOOLWORTHS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WOOLWORTHS stock have on its future price. WOOLWORTHS 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, WOOLWORTHS autocorrelation shows the relationship between WOOLWORTHS stock current value and its past values and can show if there is a momentum factor associated with investing in WOOLWORTHS H NEW.
Regressed Prices |
| Timeline |
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Other Information on Investing in WOOLWORTHS Stock
WOOLWORTHS financial ratios help investors to determine whether WOOLWORTHS 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 WOOLWORTHS with respect to the benefits of owning WOOLWORTHS security.