Wayside Technology (Germany) Market Value
| PYA Stock | EUR 128.00 1.00 0.79% |
| Symbol | Wayside |
Wayside Technology '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 Wayside Technology'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 Wayside Technology.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in Wayside Technology on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding Wayside Technology Group or generate 0.0% return on investment in Wayside Technology over 600 days. Wayside Technology is related to or competes with GREENX METALS, LION ONE, FUYO GENERAL, Carsales, Zijin Mining, KENNAMETAL INC, and GEELY AUTOMOBILE. Wayside Technology Group, Inc. operates as a value-added information technology distribution and solutions company in th... More
Wayside Technology 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 Wayside Technology'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 Wayside Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.2135 | |||
| Maximum Drawdown | 17.12 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 6.86 |
Wayside Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wayside Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wayside Technology's standard deviation. In reality, there are many statistical measures that can use Wayside Technology historical prices to predict the future Wayside Technology's volatility.| Risk Adjusted Performance | 0.1969 | |||
| Jensen Alpha | 0.6894 | |||
| Total Risk Alpha | 0.3618 | |||
| Sortino Ratio | 0.3158 | |||
| Treynor Ratio | 0.9131 |
Wayside Technology Backtested Returns
Wayside Technology appears to be very steady, given 3 months investment horizon. Wayside Technology shows Sharpe Ratio of 0.24, which attests that the company had a 0.24% return per unit of risk over the last 3 months. By examining Wayside Technology's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please utilize Wayside Technology's Downside Deviation of 2.13, mean deviation of 2.42, and Market Risk Adjusted Performance of 0.9231 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wayside Technology holds a performance score of 19. The firm maintains a market beta of 0.85, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wayside Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wayside Technology is expected to be smaller as well. Please check Wayside Technology's expected short fall, daily balance of power, and the relationship between the downside variance and kurtosis , to make a quick decision on whether Wayside Technology's historical returns will revert.
Auto-correlation | 0.56 |
Modest predictability
Wayside Technology Group has modest predictability. Overlapping area represents the amount of predictability between Wayside Technology time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd 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 Wayside Technology price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Wayside Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 336.79 |
Wayside Technology lagged returns against current returns
Autocorrelation, which is Wayside Technology 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 Wayside Technology's stock expected returns. We can calculate the autocorrelation of Wayside Technology returns to help us make a trade decision. For example, suppose you find that Wayside Technology 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 |
Wayside Technology 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 Wayside Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wayside Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wayside Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Wayside Technology Lagged Returns
When evaluating Wayside Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wayside Technology stock have on its future price. Wayside Technology 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, Wayside Technology autocorrelation shows the relationship between Wayside Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Wayside Technology Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Wayside Stock
Wayside Technology financial ratios help investors to determine whether Wayside 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 Wayside with respect to the benefits of owning Wayside Technology security.