Wabash National (Germany) Market Value
| WA9 Stock | EUR 19.10 0.70 3.80% |
| Symbol | Wabash |
Wabash National '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 Wabash National'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 Wabash National.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Wabash National on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Wabash National or generate 0.0% return on investment in Wabash National over 360 days. Wabash National is related to or competes with KION Group, Hyster-Yale Materials, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and Talanx AG. Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products an... More
Wabash National 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 Wabash National'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 Wabash National upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.0238 | |||
| Maximum Drawdown | 9.92 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 3.57 |
Wabash National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wabash National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wabash National's standard deviation. In reality, there are many statistical measures that can use Wabash National historical prices to predict the future Wabash National's volatility.| Risk Adjusted Performance | 0.0709 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0266 | |||
| Treynor Ratio | 0.1021 |
Wabash National Backtested Returns
Wabash National appears to be not too volatile, given 3 months investment horizon. Wabash National shows Sharpe Ratio of 0.099, which attests that the company had a 0.099% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Wabash National, which you can use to evaluate the volatility of the company. Please utilize Wabash National's Market Risk Adjusted Performance of 0.1121, downside deviation of 1.89, and Mean Deviation of 1.61 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wabash National holds a performance score of 7. The firm maintains a market beta of 1.65, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Wabash National will likely underperform. Please check Wabash National's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Wabash National's historical returns will revert.
Auto-correlation | -0.27 |
Weak reverse predictability
Wabash National has weak reverse predictability. Overlapping area represents the amount of predictability between Wabash National time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 Wabash National price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Wabash National price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.78 |
Wabash National lagged returns against current returns
Autocorrelation, which is Wabash National 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 Wabash National's stock expected returns. We can calculate the autocorrelation of Wabash National returns to help us make a trade decision. For example, suppose you find that Wabash National 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 |
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Wabash National 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 Wabash National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wabash National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wabash National stock over time.
Current vs Lagged Prices |
| Timeline |
Wabash National Lagged Returns
When evaluating Wabash National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wabash National stock have on its future price. Wabash National 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, Wabash National autocorrelation shows the relationship between Wabash National stock current value and its past values and can show if there is a momentum factor associated with investing in Wabash National.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Wabash Stock
When determining whether Wabash National offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wabash National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wabash National Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wabash National Stock:Check out Wabash National Correlation, Wabash National Volatility and Wabash National Alpha and Beta module to complement your research on Wabash National. For more detail on how to invest in Wabash Stock please use our How to Invest in Wabash National guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Wabash National technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.