WIIT SPA's market value is the price at which a share of WIIT SPA trades on a public exchange. It measures the collective expectations of WIIT SPA investors about its performance. WIIT SPA is trading at 19.48 as of the 25th of November 2024. This is a 4.84% up since the beginning of the trading day. The stock's lowest day price was 19.38. With this module, you can estimate the performance of a buy and hold strategy of WIIT SPA and determine expected loss or profit from investing in WIIT SPA over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
WIIT
WIIT SPA '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 WIIT SPA'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 WIIT SPA.
0.00
12/06/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
11/25/2024
0.00
If you would invest 0.00 in WIIT SPA on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding WIIT SPA or generate 0.0% return on investment in WIIT SPA over 720 days.
WIIT SPA 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 WIIT SPA'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 WIIT SPA 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 WIIT SPA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WIIT SPA's standard deviation. In reality, there are many statistical measures that can use WIIT SPA historical prices to predict the future WIIT SPA's volatility.
At this point, WIIT SPA is not too volatile. WIIT SPA shows Sharpe Ratio of 0.0143, which attests that the company had a 0.0143% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for WIIT SPA, which you can use to evaluate the volatility of the company. Please check out WIIT SPA's Risk Adjusted Performance of 0.0252, downside deviation of 2.15, and Mean Deviation of 1.46 to validate if the risk estimate we provide is consistent with the expected return of 0.0308%. WIIT SPA has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of -0.0291, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WIIT SPA are expected to decrease at a much lower rate. During the bear market, WIIT SPA is likely to outperform the market. WIIT SPA currently maintains a risk of 2.16%. Please check out WIIT SPA semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if WIIT SPA will be following its historical returns.
Auto-correlation
-0.54
Good reverse predictability
WIIT SPA has good reverse predictability. Overlapping area represents the amount of predictability between WIIT SPA time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 WIIT SPA price movement. The serial correlation of -0.54 indicates that about 54.0% of current WIIT SPA price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.54
Spearman Rank Test
-0.25
Residual Average
0.0
Price Variance
4.1
WIIT SPA lagged returns against current returns
Autocorrelation, which is WIIT SPA 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 WIIT SPA's stock expected returns. We can calculate the autocorrelation of WIIT SPA returns to help us make a trade decision. For example, suppose you find that WIIT SPA 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
WIIT SPA 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 WIIT SPA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WIIT SPA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WIIT SPA stock over time.
Current vs Lagged Prices
Timeline
WIIT SPA Lagged Returns
When evaluating WIIT SPA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WIIT SPA stock have on its future price. WIIT SPA 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, WIIT SPA autocorrelation shows the relationship between WIIT SPA stock current value and its past values and can show if there is a momentum factor associated with investing in WIIT SPA.