Wynn Resorts (Germany) Market Value
| WYR Stock | EUR 84.74 0.39 0.46% |
| Symbol | Wynn |
Wynn Resorts '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 Resorts' 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 Wynn Resorts.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Wynn Resorts on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Wynn Resorts Limited or generate 0.0% return on investment in Wynn Resorts over 390 days. Wynn Resorts is related to or competes with Las Vegas, Galaxy Entertainment, Sands China, MGM Resorts, ENTAIN PLC, and Entain Plc. Wynn Resorts, Limited owns and operates destination casino resorts More
Wynn Resorts 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 Resorts' 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 Wynn Resorts Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | 0.0963 | |||
| Maximum Drawdown | 18.25 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 6.74 |
Wynn Resorts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wynn Resorts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wynn Resorts' standard deviation. In reality, there are many statistical measures that can use Wynn Resorts historical prices to predict the future Wynn Resorts' volatility.| Risk Adjusted Performance | 0.0923 | |||
| Jensen Alpha | 0.2953 | |||
| Total Risk Alpha | 0.2219 | |||
| Sortino Ratio | 0.1093 | |||
| Treynor Ratio | 0.7898 |
Wynn Resorts Limited Backtested Returns
Wynn Resorts appears to be very steady, given 3 months investment horizon. Wynn Resorts Limited shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Wynn Resorts Limited, which you can use to evaluate the volatility of the company. Please utilize Wynn Resorts' Downside Deviation of 2.58, mean deviation of 1.96, and Market Risk Adjusted Performance of 0.7998 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wynn Resorts holds a performance score of 8. The firm maintains a market beta of 0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wynn Resorts' returns are expected to increase less than the market. However, during the bear market, the loss of holding Wynn Resorts is expected to be smaller as well. Please check Wynn Resorts' potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Wynn Resorts' historical returns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Wynn Resorts Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Wynn Resorts time series from 28th of November 2023 to 10th of June 2024 and 10th of June 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 Wynn Resorts Limited price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Wynn Resorts price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 75.19 |
Wynn Resorts Limited lagged returns against current returns
Autocorrelation, which is Wynn Resorts 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 Wynn Resorts' stock expected returns. We can calculate the autocorrelation of Wynn Resorts returns to help us make a trade decision. For example, suppose you find that Wynn Resorts 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 |
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Wynn Resorts 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 Resorts stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wynn Resorts stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wynn Resorts stock over time.
Current vs Lagged Prices |
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Wynn Resorts Lagged Returns
When evaluating Wynn Resorts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wynn Resorts stock have on its future price. Wynn Resorts 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 Resorts autocorrelation shows the relationship between Wynn Resorts stock current value and its past values and can show if there is a momentum factor associated with investing in Wynn Resorts Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Wynn Stock
When determining whether Wynn Resorts Limited offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wynn Resorts' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wynn Resorts Limited Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wynn Resorts Limited Stock:Check out Wynn Resorts Correlation, Wynn Resorts Volatility and Wynn Resorts Alpha and Beta module to complement your research on Wynn Resorts. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Wynn Resorts technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.