WOOLWORTHS HDGS's market value is the price at which a share of WOOLWORTHS HDGS trades on a public exchange. It measures the collective expectations of WOOLWORTHS HDGS GDR investors about its performance. WOOLWORTHS HDGS is trading at 3.06 as of the 6th of January 2025. This is a 0.66% increase since the beginning of the trading day. The stock's lowest day price was 3.06. With this module, you can estimate the performance of a buy and hold strategy of WOOLWORTHS HDGS GDR and determine expected loss or profit from investing in WOOLWORTHS HDGS over a given investment horizon. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
WOOLWORTHS
WOOLWORTHS HDGS '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 HDGS'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 HDGS.
0.00
02/16/2023
No Change 0.00
0.0
In 1 year 10 months and 22 days
01/06/2025
0.00
If you would invest 0.00 in WOOLWORTHS HDGS on February 16, 2023 and sell it all today you would earn a total of 0.00 from holding WOOLWORTHS HDGS GDR or generate 0.0% return on investment in WOOLWORTHS HDGS over 690 days.
WOOLWORTHS HDGS 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 HDGS'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 HDGS GDR upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for WOOLWORTHS HDGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WOOLWORTHS HDGS's standard deviation. In reality, there are many statistical measures that can use WOOLWORTHS HDGS historical prices to predict the future WOOLWORTHS HDGS's volatility.
WOOLWORTHS HDGS GDR shows Sharpe Ratio of -0.0469, which attests that the company had a -0.0469% return per unit of standard deviation over the last 3 months. WOOLWORTHS HDGS GDR exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WOOLWORTHS HDGS's Risk Adjusted Performance of (0.03), standard deviation of 2.03, and Mean Deviation of 1.47 to validate the risk estimate we provide. The firm maintains a market beta of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WOOLWORTHS HDGS's returns are expected to increase less than the market. However, during the bear market, the loss of holding WOOLWORTHS HDGS is expected to be smaller as well. At this point, WOOLWORTHS HDGS GDR has a negative expected return of -0.0954%. Please make sure to check out WOOLWORTHS HDGS's skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if WOOLWORTHS HDGS GDR performance from the past will be repeated at some future point.
Auto-correlation
0.05
Virtually no predictability
WOOLWORTHS HDGS GDR has virtually no predictability. Overlapping area represents the amount of predictability between WOOLWORTHS HDGS time series from 16th of February 2023 to 27th of January 2024 and 27th of January 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 HDGS GDR price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current WOOLWORTHS HDGS price fluctuation can be explain by its past prices.
Correlation Coefficient
0.05
Spearman Rank Test
0.0
Residual Average
0.0
Price Variance
0.07
WOOLWORTHS HDGS GDR lagged returns against current returns
Autocorrelation, which is WOOLWORTHS HDGS 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 HDGS's stock expected returns. We can calculate the autocorrelation of WOOLWORTHS HDGS returns to help us make a trade decision. For example, suppose you find that WOOLWORTHS HDGS 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 HDGS 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 HDGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WOOLWORTHS HDGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WOOLWORTHS HDGS stock over time.
Current vs Lagged Prices
Timeline
WOOLWORTHS HDGS Lagged Returns
When evaluating WOOLWORTHS HDGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WOOLWORTHS HDGS stock have on its future price. WOOLWORTHS HDGS 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 HDGS autocorrelation shows the relationship between WOOLWORTHS HDGS stock current value and its past values and can show if there is a momentum factor associated with investing in WOOLWORTHS HDGS GDR.