WW Grainger (UK) Market Value
| 0IZI Stock | 1,158 6.98 0.61% |
| Symbol | 0IZI |
WW Grainger '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 WW Grainger'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 WW Grainger.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in WW Grainger on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding WW Grainger or generate 0.0% return on investment in WW Grainger over 360 days. WW Grainger is related to or competes with Vitec Software, Associated British, International Biotechnology, Ashtead Technology, Sunny Optical, Auction Technology, and Polar Capital. WW Grainger is entity of United Kingdom. It is traded as Stock on LSE exchange. More
WW Grainger 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 WW Grainger'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 WW Grainger upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8883 | |||
| Information Ratio | 0.1746 | |||
| Maximum Drawdown | 10.19 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 2.42 |
WW Grainger Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WW Grainger's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WW Grainger's standard deviation. In reality, there are many statistical measures that can use WW Grainger historical prices to predict the future WW Grainger's volatility.| Risk Adjusted Performance | 0.1927 | |||
| Jensen Alpha | 0.3721 | |||
| Total Risk Alpha | 0.1381 | |||
| Sortino Ratio | 0.2873 | |||
| Treynor Ratio | (17.19) |
WW Grainger Backtested Returns
WW Grainger appears to be very steady, given 3 months investment horizon. WW Grainger retains Efficiency (Sharpe Ratio) of 0.19, which attests that the company had a 0.19% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for WW Grainger, which you can use to evaluate the volatility of the company. Please utilize WW Grainger's market risk adjusted performance of (17.18), and Standard Deviation of 1.46 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WW Grainger holds a performance score of 15. The firm owns a Beta (Systematic Risk) of -0.0215, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WW Grainger are expected to decrease at a much lower rate. During the bear market, WW Grainger is likely to outperform the market. Please check WW Grainger's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether WW Grainger's current price history will revert.
Auto-correlation | 0.10 |
Insignificant predictability
WW Grainger has insignificant predictability. Overlapping area represents the amount of predictability between WW Grainger time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 WW Grainger price movement. The serial correlation of 0.1 indicates that less than 10.0% of current WW Grainger price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 9844.85 |
WW Grainger lagged returns against current returns
Autocorrelation, which is WW Grainger 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 WW Grainger's stock expected returns. We can calculate the autocorrelation of WW Grainger returns to help us make a trade decision. For example, suppose you find that WW Grainger 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 |
WW Grainger 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 WW Grainger stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WW Grainger stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WW Grainger stock over time.
Current vs Lagged Prices |
| Timeline |
WW Grainger Lagged Returns
When evaluating WW Grainger's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WW Grainger stock have on its future price. WW Grainger 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, WW Grainger autocorrelation shows the relationship between WW Grainger stock current value and its past values and can show if there is a momentum factor associated with investing in WW Grainger.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for 0IZI Stock Analysis
When running WW Grainger's price analysis, check to measure WW Grainger'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 WW Grainger is operating at the current time. Most of WW Grainger's value examination focuses on studying past and present price action to predict the probability of WW Grainger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WW Grainger's price. Additionally, you may evaluate how the addition of WW Grainger to your portfolios can decrease your overall portfolio volatility.