WGHT WTCHER (Germany) Market Value
| WW6 Stock | EUR 1.37 0.09 6.16% |
| Symbol | WGHT |
Please note, there is a significant difference between WGHT WTCHER's value and its price as these two are different measures arrived at by different means. Investors typically determine if WGHT WTCHER is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WGHT WTCHER'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.
WGHT WTCHER '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 WGHT WTCHER'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 WGHT WTCHER.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in WGHT WTCHER on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding WGHT WTCHER INTL or generate 0.0% return on investment in WGHT WTCHER over 30 days. WGHT WTCHER is related to or competes with Check Point, INTER CARS, Vishay Intertechnology, MACOM Technology, and Casio Computer. More
WGHT WTCHER 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 WGHT WTCHER'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 WGHT WTCHER INTL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.13 | |||
| Information Ratio | 0.1152 | |||
| Maximum Drawdown | 110.86 | |||
| Value At Risk | (9.72) | |||
| Potential Upside | 18.9 |
WGHT WTCHER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WGHT WTCHER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WGHT WTCHER's standard deviation. In reality, there are many statistical measures that can use WGHT WTCHER historical prices to predict the future WGHT WTCHER's volatility.| Risk Adjusted Performance | 0.1025 | |||
| Jensen Alpha | 1.61 | |||
| Total Risk Alpha | 1.22 | |||
| Sortino Ratio | 0.2583 | |||
| Treynor Ratio | (20.35) |
WGHT WTCHER INTL Backtested Returns
WGHT WTCHER is out of control given 3 months investment horizon. WGHT WTCHER INTL shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of volatility over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.64% are justified by taking the suggested risk. Use WGHT WTCHER INTL Downside Deviation of 6.13, risk adjusted performance of 0.1025, and Mean Deviation of 7.17 to evaluate company specific risk that cannot be diversified away. WGHT WTCHER holds a performance score of 9 on a scale of zero to a hundred. The firm maintains a market beta of -0.0789, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WGHT WTCHER are expected to decrease at a much lower rate. During the bear market, WGHT WTCHER is likely to outperform the market. Use WGHT WTCHER INTL maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to analyze future returns on WGHT WTCHER INTL.
Auto-correlation | 0.82 |
Very good predictability
WGHT WTCHER INTL has very good predictability. Overlapping area represents the amount of predictability between WGHT WTCHER time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 WGHT WTCHER INTL price movement. The serial correlation of 0.82 indicates that around 82.0% of current WGHT WTCHER price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
WGHT WTCHER INTL lagged returns against current returns
Autocorrelation, which is WGHT WTCHER 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 WGHT WTCHER's stock expected returns. We can calculate the autocorrelation of WGHT WTCHER returns to help us make a trade decision. For example, suppose you find that WGHT WTCHER 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 |
WGHT WTCHER 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 WGHT WTCHER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WGHT WTCHER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WGHT WTCHER stock over time.
Current vs Lagged Prices |
| Timeline |
WGHT WTCHER Lagged Returns
When evaluating WGHT WTCHER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WGHT WTCHER stock have on its future price. WGHT WTCHER 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, WGHT WTCHER autocorrelation shows the relationship between WGHT WTCHER stock current value and its past values and can show if there is a momentum factor associated with investing in WGHT WTCHER INTL.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for WGHT Stock Analysis
When running WGHT WTCHER's price analysis, check to measure WGHT WTCHER'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 WGHT WTCHER is operating at the current time. Most of WGHT WTCHER's value examination focuses on studying past and present price action to predict the probability of WGHT WTCHER's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WGHT WTCHER's price. Additionally, you may evaluate how the addition of WGHT WTCHER to your portfolios can decrease your overall portfolio volatility.