WILLIAMS PANIES INC Market Value
| 969457BY5 | 77.92 9.19 10.55% |
| Symbol | WILLIAMS |
WILLIAMS '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 WILLIAMS's bond 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 WILLIAMS.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in WILLIAMS on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding WILLIAMS PANIES INC or generate 0.0% return on investment in WILLIAMS over 30 days. WILLIAMS is related to or competes with SkyWest, Insteel Industries, Century Aluminum, Olympic Steel, Aegean Airlines, Southwest Airlines, and Ryanair Holdings. More
WILLIAMS 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 WILLIAMS's bond 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 WILLIAMS PANIES INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 10.6 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 0.9509 |
WILLIAMS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WILLIAMS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WILLIAMS's standard deviation. In reality, there are many statistical measures that can use WILLIAMS historical prices to predict the future WILLIAMS's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.65) |
WILLIAMS PANIES INC Backtested Returns
WILLIAMS PANIES INC shows Sharpe Ratio of -0.13, which attests that the bond had a -0.13% return per unit of standard deviation over the last 3 months. WILLIAMS PANIES INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WILLIAMS's Standard Deviation of 1.89, mean deviation of 0.7523, and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The entity maintains a market beta of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WILLIAMS's returns are expected to increase less than the market. However, during the bear market, the loss of holding WILLIAMS is expected to be smaller as well.
Auto-correlation | 0.65 |
Good predictability
WILLIAMS PANIES INC has good predictability. Overlapping area represents the amount of predictability between WILLIAMS time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 WILLIAMS PANIES INC price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current WILLIAMS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 9.37 |
WILLIAMS PANIES INC lagged returns against current returns
Autocorrelation, which is WILLIAMS bond'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 WILLIAMS's bond expected returns. We can calculate the autocorrelation of WILLIAMS returns to help us make a trade decision. For example, suppose you find that WILLIAMS has exhibited high autocorrelation historically, and you observe that the bond 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 |
WILLIAMS 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 WILLIAMS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WILLIAMS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WILLIAMS bond over time.
Current vs Lagged Prices |
| Timeline |
WILLIAMS Lagged Returns
When evaluating WILLIAMS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WILLIAMS bond have on its future price. WILLIAMS 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, WILLIAMS autocorrelation shows the relationship between WILLIAMS bond current value and its past values and can show if there is a momentum factor associated with investing in WILLIAMS PANIES INC.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in WILLIAMS Bond
WILLIAMS financial ratios help investors to determine whether WILLIAMS Bond 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 WILLIAMS with respect to the benefits of owning WILLIAMS security.