WSP Global (Germany) Market Value
| 1W3 Stock | EUR 167.00 1.00 0.60% |
| Symbol | WSP |
WSP Global '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 WSP Global'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 WSP Global.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in WSP Global on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding WSP Global or generate 0.0% return on investment in WSP Global over 720 days. WSP Global is related to or competes with China Railway, AECOM, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and Talanx AG. WSP Global Inc. operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sw... More
WSP Global 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 WSP Global'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 WSP Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | 0.0571 | |||
| Maximum Drawdown | 6.93 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 2.01 |
WSP Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WSP Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WSP Global's standard deviation. In reality, there are many statistical measures that can use WSP Global historical prices to predict the future WSP Global's volatility.| Risk Adjusted Performance | 0.1339 | |||
| Jensen Alpha | 0.1643 | |||
| Total Risk Alpha | 0.0078 | |||
| Sortino Ratio | 0.0477 | |||
| Treynor Ratio | 1.15 |
WSP Global Backtested Returns
WSP Global appears to be very steady, given 3 months investment horizon. WSP Global shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for WSP Global, which you can use to evaluate the volatility of the company. Please utilize WSP Global's Downside Deviation of 1.35, mean deviation of 0.8256, and Risk Adjusted Performance of 0.1339 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WSP Global holds a performance score of 13. The firm maintains a market beta of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WSP Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding WSP Global is expected to be smaller as well. Please check WSP Global's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether WSP Global's historical returns will revert.
Auto-correlation | 0.74 |
Good predictability
WSP Global has good predictability. Overlapping area represents the amount of predictability between WSP Global time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 WSP Global price movement. The serial correlation of 0.74 indicates that around 74.0% of current WSP Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 130.3 |
WSP Global lagged returns against current returns
Autocorrelation, which is WSP Global 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 WSP Global's stock expected returns. We can calculate the autocorrelation of WSP Global returns to help us make a trade decision. For example, suppose you find that WSP Global 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 |
WSP Global 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 WSP Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WSP Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WSP Global stock over time.
Current vs Lagged Prices |
| Timeline |
WSP Global Lagged Returns
When evaluating WSP Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WSP Global stock have on its future price. WSP Global 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, WSP Global autocorrelation shows the relationship between WSP Global stock current value and its past values and can show if there is a momentum factor associated with investing in WSP Global.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in WSP Stock
WSP Global financial ratios help investors to determine whether WSP 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 WSP with respect to the benefits of owning WSP Global security.