WILLIS NORTH AMER Market Value
| 970648AG6 | 92.34 6.83 6.89% |
| Symbol | WILLIS |
WILLIS '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 WILLIS'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 WILLIS.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in WILLIS on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding WILLIS NORTH AMER or generate 0.0% return on investment in WILLIS over 90 days. WILLIS is related to or competes with Fomento Economico, Anheuser Busch, Eldorado Gold, Keurig Dr, IPG Photonics, Apogee Enterprises, and Parker Hannifin. More
WILLIS 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 WILLIS'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 WILLIS NORTH AMER upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 6.78 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.4774 |
WILLIS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WILLIS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WILLIS's standard deviation. In reality, there are many statistical measures that can use WILLIS historical prices to predict the future WILLIS's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 2.09 |
WILLIS NORTH AMER Backtested Returns
WILLIS NORTH AMER shows Sharpe Ratio of -0.0333, which attests that the bond had a -0.0333% return per unit of standard deviation over the last 3 months. WILLIS NORTH AMER exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WILLIS's Standard Deviation of 0.8243, mean deviation of 0.3459, and Risk Adjusted Performance of (0.10) to validate the risk estimate we provide. The entity maintains a market beta of -0.0582, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WILLIS are expected to decrease at a much lower rate. During the bear market, WILLIS is likely to outperform the market.
Auto-correlation | 0.06 |
Virtually no predictability
WILLIS NORTH AMER has virtually no predictability. Overlapping area represents the amount of predictability between WILLIS time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 WILLIS NORTH AMER price movement. The serial correlation of 0.06 indicates that barely 6.0% of current WILLIS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1.43 |
WILLIS NORTH AMER lagged returns against current returns
Autocorrelation, which is WILLIS 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 WILLIS's bond expected returns. We can calculate the autocorrelation of WILLIS returns to help us make a trade decision. For example, suppose you find that WILLIS 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 |
WILLIS 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 WILLIS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WILLIS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WILLIS bond over time.
Current vs Lagged Prices |
| Timeline |
WILLIS Lagged Returns
When evaluating WILLIS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WILLIS bond have on its future price. WILLIS 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, WILLIS autocorrelation shows the relationship between WILLIS bond current value and its past values and can show if there is a momentum factor associated with investing in WILLIS NORTH AMER.
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.Other Information on Investing in WILLIS Bond
WILLIS financial ratios help investors to determine whether WILLIS 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 WILLIS with respect to the benefits of owning WILLIS security.