Westag Getalit (Germany) Market Value

WUG3 Preferred Stock   24.20  0.20  0.83%   
Westag Getalit's market value is the price at which a share of Westag Getalit trades on a public exchange. It measures the collective expectations of Westag Getalit AG investors about its performance. Westag Getalit is selling for under 24.20 as of the 19th of December 2024; that is 0.83% up since the beginning of the trading day. The preferred stock's last reported lowest price was 24.0.
With this module, you can estimate the performance of a buy and hold strategy of Westag Getalit AG and determine expected loss or profit from investing in Westag Getalit over a given investment horizon. Check out Westag Getalit Correlation, Westag Getalit Volatility and Westag Getalit Alpha and Beta module to complement your research on Westag Getalit.
Symbol

Please note, there is a significant difference between Westag Getalit's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westag Getalit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westag Getalit'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.

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.
0.00
11/19/2024
No Change 0.00  0.0 
In 30 days
12/19/2024
0.00
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.

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.
Hype
Prediction
LowEstimatedHigh
21.8724.2026.53
Details
Intrinsic
Valuation
LowRealHigh
18.8421.1726.62
Details

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 Coefficient92233.7 T
Spearman Rank Test0.75
Residual Average0.0
Price Variance0.47

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   
       Timeline  

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   
       Timeline  

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.