Wynn Macau's market value is the price at which a share of Wynn Macau trades on a public exchange. It measures the collective expectations of Wynn Macau investors about its performance. Wynn Macau is trading at 0.67 as of the 19th of January 2025. This is a 4.29 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.67. With this module, you can estimate the performance of a buy and hold strategy of Wynn Macau and determine expected loss or profit from investing in Wynn Macau over a given investment horizon. Check out Wynn Macau Correlation, Wynn Macau Volatility and Wynn Macau Alpha and Beta module to complement your research on Wynn Macau.
Please note, there is a significant difference between Wynn Macau's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wynn Macau is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wynn Macau'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.
Wynn Macau '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 Wynn Macau'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 Wynn Macau.
0.00
12/20/2024
No Change 0.00
0.0
In 30 days
01/19/2025
0.00
If you would invest 0.00 in Wynn Macau on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Wynn Macau or generate 0.0% return on investment in Wynn Macau over 30 days. Wynn Macau is related to or competes with Las Vegas, MGM Resorts, Caesars Entertainment, Wynn Resorts, Red Rock, Melco Resorts, and Penn National. Wynn Macau, Limited, together with its subsidiaries, develops, owns, and operates the Wynn Palace and Wynn Macau casino ... More
Wynn Macau 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 Wynn Macau'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 Wynn Macau upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wynn Macau's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wynn Macau's standard deviation. In reality, there are many statistical measures that can use Wynn Macau historical prices to predict the future Wynn Macau's volatility.
Wynn Macau shows Sharpe Ratio of -0.0987, which attests that the company had a -0.0987% return per unit of risk over the last 3 months. Wynn Macau exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wynn Macau's Market Risk Adjusted Performance of (3.38), standard deviation of 2.92, and Mean Deviation of 1.82 to validate the risk estimate we provide. The firm maintains a market beta of 0.0858, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wynn Macau's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wynn Macau is expected to be smaller as well. At this point, Wynn Macau has a negative expected return of -0.27%. Please make sure to check out Wynn Macau's jensen alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Wynn Macau performance from the past will be repeated at some point in the near future.
Auto-correlation
0.14
Insignificant predictability
Wynn Macau has insignificant predictability. Overlapping area represents the amount of predictability between Wynn Macau time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Wynn Macau price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Wynn Macau price fluctuation can be explain by its past prices.
Correlation Coefficient
0.14
Spearman Rank Test
-0.01
Residual Average
0.0
Price Variance
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Wynn Macau lagged returns against current returns
Autocorrelation, which is Wynn Macau 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 Wynn Macau's pink sheet expected returns. We can calculate the autocorrelation of Wynn Macau returns to help us make a trade decision. For example, suppose you find that Wynn Macau 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
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Wynn Macau 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 Wynn Macau pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wynn Macau pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wynn Macau pink sheet over time.
Current vs Lagged Prices
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Wynn Macau Lagged Returns
When evaluating Wynn Macau's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wynn Macau pink sheet have on its future price. Wynn Macau 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, Wynn Macau autocorrelation shows the relationship between Wynn Macau pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Wynn Macau.
Wynn Macau financial ratios help investors to determine whether Wynn 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 Wynn with respect to the benefits of owning Wynn Macau security.