WICKES GROUP (Germany) Market Value
| 0FD Stock | EUR 1.73 0.01 0.57% |
| Symbol | WICKES |
WICKES GROUP '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 WICKES GROUP'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 WICKES GROUP.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in WICKES GROUP on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding WICKES GROUP PLC or generate 0.0% return on investment in WICKES GROUP over 180 days. WICKES GROUP is related to or competes with Amkor Technology, BRIT AMER, Warner Music, JAPAN TOBACCO, and Japan Tobacco. Wickes Group plc operates as a home improvement retailer in the United Kingdom More
WICKES GROUP 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 WICKES GROUP'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 WICKES GROUP PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 13.66 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.06 |
WICKES GROUP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WICKES GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WICKES GROUP's standard deviation. In reality, there are many statistical measures that can use WICKES GROUP historical prices to predict the future WICKES GROUP's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.21) |
WICKES GROUP PLC Backtested Returns
WICKES GROUP PLC retains Efficiency (Sharpe Ratio) of -0.0699, which attests that the company had a -0.0699% return per unit of volatility over the last 3 months. WICKES GROUP exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WICKES GROUP's Information Ratio of (0.13), mean deviation of 1.2, and Market Risk Adjusted Performance of (0.20) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WICKES GROUP's returns are expected to increase less than the market. However, during the bear market, the loss of holding WICKES GROUP is expected to be smaller as well. At this point, WICKES GROUP PLC has a negative expected return of -0.13%. Please make sure to check out WICKES GROUP's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if WICKES GROUP PLC performance from the past will be repeated at future time.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
WICKES GROUP PLC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between WICKES GROUP time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th of November 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 WICKES GROUP PLC price movement. The serial correlation of -0.79 indicates that around 79.0% of current WICKES GROUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
WICKES GROUP PLC lagged returns against current returns
Autocorrelation, which is WICKES GROUP 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 WICKES GROUP's stock expected returns. We can calculate the autocorrelation of WICKES GROUP returns to help us make a trade decision. For example, suppose you find that WICKES GROUP 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 |
WICKES GROUP 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 WICKES GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WICKES GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WICKES GROUP stock over time.
Current vs Lagged Prices |
| Timeline |
WICKES GROUP Lagged Returns
When evaluating WICKES GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WICKES GROUP stock have on its future price. WICKES GROUP 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, WICKES GROUP autocorrelation shows the relationship between WICKES GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in WICKES GROUP PLC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in WICKES Stock
WICKES GROUP financial ratios help investors to determine whether WICKES Stock 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 WICKES with respect to the benefits of owning WICKES GROUP security.