Wideopenwest Stock Market Value
| WOW Stock | USD 5.28 0.07 1.34% |
| Symbol | WideOpenWest |
WideOpenWest Price To Book Ratio
Is Cable & Satellite 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 WideOpenWest. If investors know WideOpenWest 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 WideOpenWest 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 (1.00) | Earnings Share (1.13) | Revenue Per Share 7.932 | Quarterly Revenue Growth (0.09) | Return On Assets 0.0094 |
The market value of WideOpenWest is measured differently than its book value, which is the value of WideOpenWest that is recorded on the company's balance sheet. Investors also form their own opinion of WideOpenWest's value that differs from its market value or its book value, called intrinsic value, which is WideOpenWest'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 WideOpenWest's market value can be influenced by many factors that don't directly affect WideOpenWest'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 WideOpenWest's value and its price as these two are different measures arrived at by different means. Investors typically determine if WideOpenWest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WideOpenWest'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.
WideOpenWest '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 WideOpenWest'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 WideOpenWest.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in WideOpenWest on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding WideOpenWest or generate 0.0% return on investment in WideOpenWest over 180 days. WideOpenWest is related to or competes with KT, Telkom Indonesia, SK Telecom, PLDT, Telefonica Brasil, ATN International, and Ooma. WideOpenWest, Inc. provides high speed data, cable television, and digital telephony services to residential and busines... More
WideOpenWest 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 WideOpenWest'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 WideOpenWest upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.25 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 4.09 |
WideOpenWest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WideOpenWest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WideOpenWest's standard deviation. In reality, there are many statistical measures that can use WideOpenWest historical prices to predict the future WideOpenWest's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.06) |
WideOpenWest Backtested Returns
WideOpenWest shows Sharpe Ratio of -0.018, which attests that the company had a -0.018% return per unit of risk over the last 3 months. WideOpenWest exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WideOpenWest's Mean Deviation of 1.85, standard deviation of 2.38, and Market Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The firm maintains a market beta of 1.03, which attests to a somewhat significant risk relative to the market. WideOpenWest returns are very sensitive to returns on the market. As the market goes up or down, WideOpenWest is expected to follow. At this point, WideOpenWest has a negative expected return of -0.0422%. Please make sure to check out WideOpenWest's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if WideOpenWest performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
WideOpenWest has virtually no predictability. Overlapping area represents the amount of predictability between WideOpenWest time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 WideOpenWest price movement. The serial correlation of 0.03 indicates that only 3.0% of current WideOpenWest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
WideOpenWest lagged returns against current returns
Autocorrelation, which is WideOpenWest 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 WideOpenWest's stock expected returns. We can calculate the autocorrelation of WideOpenWest returns to help us make a trade decision. For example, suppose you find that WideOpenWest 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 |
WideOpenWest 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 WideOpenWest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WideOpenWest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WideOpenWest stock over time.
Current vs Lagged Prices |
| Timeline |
WideOpenWest Lagged Returns
When evaluating WideOpenWest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WideOpenWest stock have on its future price. WideOpenWest 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, WideOpenWest autocorrelation shows the relationship between WideOpenWest stock current value and its past values and can show if there is a momentum factor associated with investing in WideOpenWest.
Regressed Prices |
| Timeline |
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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.Additional Tools for WideOpenWest Stock Analysis
When running WideOpenWest's price analysis, check to measure WideOpenWest'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 WideOpenWest is operating at the current time. Most of WideOpenWest's value examination focuses on studying past and present price action to predict the probability of WideOpenWest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WideOpenWest's price. Additionally, you may evaluate how the addition of WideOpenWest to your portfolios can decrease your overall portfolio volatility.