WeConnect (France) Market Value
| ALWEC Stock | EUR 18.80 0.50 2.73% |
| Symbol | WeConnect |
WeConnect '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 WeConnect'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 WeConnect.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in WeConnect on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding WeConnect or generate 0.0% return on investment in WeConnect over 30 days. WeConnect is related to or competes with Eutelsat Communications, X Fab, Impulse Fitness, Axway Software, Lexibook Linguistic, Invibes Advertising, and Exail Technologies. We.Connect SA designs, manufactures, assembles, and distributes computers, and peripheral and electronic equipment in Fr... More
WeConnect 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 WeConnect'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 WeConnect upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.85 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.58 |
WeConnect Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WeConnect's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WeConnect's standard deviation. In reality, there are many statistical measures that can use WeConnect historical prices to predict the future WeConnect's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WeConnect's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
WeConnect Backtested Returns
WeConnect retains Efficiency (Sharpe Ratio) of -0.0546, which attests that the company had a -0.0546% return per unit of volatility over the last 3 months. WeConnect exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WeConnect's Mean Deviation of 0.9296, information ratio of (0.12), and Market Risk Adjusted Performance of (0.22) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WeConnect's returns are expected to increase less than the market. However, during the bear market, the loss of holding WeConnect is expected to be smaller as well. At this point, WeConnect has a negative expected return of -0.0723%. Please make sure to check out WeConnect's coefficient of variation, value at risk, rate of daily change, as well as the relationship between the total risk alpha and kurtosis , to decide if WeConnect performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
WeConnect has very weak reverse predictability. Overlapping area represents the amount of predictability between WeConnect time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 WeConnect price movement. The serial correlation of -0.07 indicates that barely 7.0% of current WeConnect price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
WeConnect lagged returns against current returns
Autocorrelation, which is WeConnect 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 WeConnect's stock expected returns. We can calculate the autocorrelation of WeConnect returns to help us make a trade decision. For example, suppose you find that WeConnect 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 |
WeConnect 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 WeConnect stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WeConnect stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WeConnect stock over time.
Current vs Lagged Prices |
| Timeline |
WeConnect Lagged Returns
When evaluating WeConnect's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WeConnect stock have on its future price. WeConnect 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, WeConnect autocorrelation shows the relationship between WeConnect stock current value and its past values and can show if there is a momentum factor associated with investing in WeConnect.
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 WeConnect Stock Analysis
When running WeConnect's price analysis, check to measure WeConnect'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 WeConnect is operating at the current time. Most of WeConnect's value examination focuses on studying past and present price action to predict the probability of WeConnect's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WeConnect's price. Additionally, you may evaluate how the addition of WeConnect to your portfolios can decrease your overall portfolio volatility.