NAKED WINES (Germany) Market Value
| MWJ Stock | EUR 0.59 0.04 6.35% |
| Symbol | NAKED |
NAKED WINES '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 NAKED WINES'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 NAKED WINES.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in NAKED WINES on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding NAKED WINES PLC or generate 0.0% return on investment in NAKED WINES over 30 days. NAKED WINES is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. More
NAKED WINES 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 NAKED WINES'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 NAKED WINES PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.56 | |||
| Information Ratio | 0.0071 | |||
| Maximum Drawdown | 17.19 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 4.69 |
NAKED WINES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NAKED WINES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NAKED WINES's standard deviation. In reality, there are many statistical measures that can use NAKED WINES historical prices to predict the future NAKED WINES's volatility.| Risk Adjusted Performance | 0.0432 | |||
| Jensen Alpha | 0.05 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0065 | |||
| Treynor Ratio | 0.1833 |
NAKED WINES PLC Backtested Returns
At this point, NAKED WINES is abnormally volatile. NAKED WINES PLC has Sharpe Ratio of 0.0153, which conveys that the company had a 0.0153% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for NAKED WINES, which you can use to evaluate the volatility of the entity. Please verify NAKED WINES's Downside Deviation of 3.56, market risk adjusted performance of 0.1933, and Mean Deviation of 2.58 to check out if the risk estimate we provide is consistent with the expected return of 0.0475%. NAKED WINES has a performance score of 1 on a scale of 0 to 100. The firm secures a Beta (Market Risk) of 0.77, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NAKED WINES's returns are expected to increase less than the market. However, during the bear market, the loss of holding NAKED WINES is expected to be smaller as well. NAKED WINES PLC now secures a risk of 3.1%. Please verify NAKED WINES PLC maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to decide if NAKED WINES PLC will be following its current price movements.
Auto-correlation | 0.44 |
Average predictability
NAKED WINES PLC has average predictability. Overlapping area represents the amount of predictability between NAKED WINES time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 NAKED WINES PLC price movement. The serial correlation of 0.44 indicates that just about 44.0% of current NAKED WINES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NAKED WINES PLC lagged returns against current returns
Autocorrelation, which is NAKED WINES 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 NAKED WINES's stock expected returns. We can calculate the autocorrelation of NAKED WINES returns to help us make a trade decision. For example, suppose you find that NAKED WINES 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 |
NAKED WINES 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 NAKED WINES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NAKED WINES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NAKED WINES stock over time.
Current vs Lagged Prices |
| Timeline |
NAKED WINES Lagged Returns
When evaluating NAKED WINES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NAKED WINES stock have on its future price. NAKED WINES 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, NAKED WINES autocorrelation shows the relationship between NAKED WINES stock current value and its past values and can show if there is a momentum factor associated with investing in NAKED WINES PLC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NAKED Stock
NAKED WINES financial ratios help investors to determine whether NAKED 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 NAKED with respect to the benefits of owning NAKED WINES security.