Worley Limited Stock Market Value

WYGPF Stock  USD 8.89  0.82  10.16%   
Worley's market value is the price at which a share of Worley trades on a public exchange. It measures the collective expectations of Worley Limited investors about its performance. Worley is trading at 8.89 as of the 12th of December 2024. This is a 10.16 percent increase since the beginning of the trading day. The stock's lowest day price was 8.89.
With this module, you can estimate the performance of a buy and hold strategy of Worley Limited and determine expected loss or profit from investing in Worley over a given investment horizon. Check out Worley Correlation, Worley Volatility and Worley Alpha and Beta module to complement your research on Worley.
Symbol

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

Worley '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 Worley's pink sheet 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 Worley.
0.00
11/12/2024
No Change 0.00  0.0 
In 31 days
12/12/2024
0.00
If you would invest  0.00  in Worley on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Worley Limited or generate 0.0% return on investment in Worley over 30 days. Worley is related to or competes with Worley Parsons, Saipem SpA, Morningstar Unconstrained, Thrivent High, High Yield, Via Renewables, and T Rowe. Worley Limited provides professional project and asset services to energy, chemicals, and resources sectors worldwide More

Worley 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 Worley's pink sheet 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 Worley Limited upside and downside potential and time the market with a certain degree of confidence.

Worley Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Worley's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Worley's standard deviation. In reality, there are many statistical measures that can use Worley historical prices to predict the future Worley's volatility.
Hype
Prediction
LowEstimatedHigh
6.718.8911.07
Details
Intrinsic
Valuation
LowRealHigh
5.467.649.82
Details
Naive
Forecast
LowNextHigh
6.758.9311.11
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.289.4210.56
Details

Worley Limited Backtested Returns

Worley Limited shows Sharpe Ratio of -0.0893, which attests that the company had a -0.0893% return per unit of risk over the last 3 months. Worley Limited exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Worley's Mean Deviation of 0.7606, market risk adjusted performance of 1.95, and Standard Deviation of 2.13 to validate the risk estimate we provide. The firm maintains a market beta of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Worley are expected to decrease at a much lower rate. During the bear market, Worley is likely to outperform the market. At this point, Worley Limited has a negative expected return of -0.19%. Please make sure to check out Worley's value at risk, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Worley Limited performance from the past will be repeated at some point in the near future.

Auto-correlation

    
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No correlation between past and present

Worley Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Worley time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Worley Limited price movement. The serial correlation of 0.0 indicates that just 0.0% of current Worley price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test-0.27
Residual Average0.0
Price Variance0.07

Worley Limited lagged returns against current returns

Autocorrelation, which is Worley pink sheet'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 Worley's pink sheet expected returns. We can calculate the autocorrelation of Worley returns to help us make a trade decision. For example, suppose you find that Worley has exhibited high autocorrelation historically, and you observe that the pink sheet 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  

Worley 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 Worley pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Worley pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Worley pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Worley Lagged Returns

When evaluating Worley's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Worley pink sheet have on its future price. Worley 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, Worley autocorrelation shows the relationship between Worley pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Worley Limited.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Worley Pink Sheet

Worley financial ratios help investors to determine whether Worley Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Worley with respect to the benefits of owning Worley security.