Westag Getalit (Germany) Market Value
WUG3 Preferred Stock | 24.20 0.20 0.83% |
Symbol | Westag |
Westag Getalit '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 Westag Getalit's preferred 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 Westag Getalit.
11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Westag Getalit on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Westag Getalit AG or generate 0.0% return on investment in Westag Getalit over 30 days. Westag Getalit is related to or competes with AOI Electronics, STMicroelectronics, METHODE ELECTRONICS, Daito Trust, Hitachi Construction, Richardson Electronics, and Treasury Wine. More
Westag Getalit 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 Westag Getalit's preferred 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 Westag Getalit AG upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.02) | |||
Maximum Drawdown | 19.09 | |||
Value At Risk | (2.90) | |||
Potential Upside | 0.8333 |
Westag Getalit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westag Getalit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westag Getalit's standard deviation. In reality, there are many statistical measures that can use Westag Getalit historical prices to predict the future Westag Getalit's volatility.Risk Adjusted Performance | (0) | |||
Jensen Alpha | (0.03) | |||
Total Risk Alpha | (0.09) | |||
Treynor Ratio | 0.4461 |
Westag Getalit AG Backtested Returns
Westag Getalit AG shows Sharpe Ratio of -0.0105, which attests that the company had a -0.0105% return per unit of risk over the last 3 months. Westag Getalit AG exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Westag Getalit's Mean Deviation of 0.7708, standard deviation of 2.29, and Market Risk Adjusted Performance of 0.4561 to validate the risk estimate we provide. The firm maintains a market beta of -0.0755, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Westag Getalit are expected to decrease at a much lower rate. During the bear market, Westag Getalit is likely to outperform the market. At this point, Westag Getalit AG has a negative expected return of -0.0244%. Please make sure to check out Westag Getalit's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Westag Getalit AG performance from the past will be repeated at some point in the near future.
Auto-correlation | Huge |
Perfect predictability
Westag Getalit AG has perfect predictability. Overlapping area represents the amount of predictability between Westag Getalit time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Westag Getalit AG price movement. The serial correlation of 9.223372036854776E16 indicates that 9.223372036854776E16% of current Westag Getalit price fluctuation can be explain by its past prices.
Correlation Coefficient | 92233.7 T | |
Spearman Rank Test | 0.75 | |
Residual Average | 0.0 | |
Price Variance | 0.47 |
Westag Getalit AG lagged returns against current returns
Autocorrelation, which is Westag Getalit preferred 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 Westag Getalit's preferred stock expected returns. We can calculate the autocorrelation of Westag Getalit returns to help us make a trade decision. For example, suppose you find that Westag Getalit has exhibited high autocorrelation historically, and you observe that the preferred 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 |
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Westag Getalit 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 Westag Getalit preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westag Getalit preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westag Getalit preferred stock over time.
Current vs Lagged Prices |
Timeline |
Westag Getalit Lagged Returns
When evaluating Westag Getalit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westag Getalit preferred stock have on its future price. Westag Getalit 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, Westag Getalit autocorrelation shows the relationship between Westag Getalit preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Westag Getalit AG.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Westag Preferred Stock Analysis
When running Westag Getalit's price analysis, check to measure Westag Getalit'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 Westag Getalit is operating at the current time. Most of Westag Getalit's value examination focuses on studying past and present price action to predict the probability of Westag Getalit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westag Getalit's price. Additionally, you may evaluate how the addition of Westag Getalit to your portfolios can decrease your overall portfolio volatility.