Wacker Neuson (Germany) Market Value
| WAC Stock | EUR 13.02 0.10 0.76% |
| Symbol | Wacker |
Wacker Neuson '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 Wacker Neuson'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 Wacker Neuson.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Wacker Neuson on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Wacker Neuson SE or generate 0.0% return on investment in Wacker Neuson over 60 days. Wacker Neuson is related to or competes with Harmony Gold, Evolution Mining, ALERION CLEANPOWER, Perseus Mining, LION ONE, and MCEWEN MINING. More
Wacker Neuson 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 Wacker Neuson'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 Wacker Neuson SE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.29 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 3.01 |
Wacker Neuson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wacker Neuson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wacker Neuson's standard deviation. In reality, there are many statistical measures that can use Wacker Neuson historical prices to predict the future Wacker Neuson's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (1.63) |
Wacker Neuson SE Backtested Returns
Wacker Neuson SE shows Sharpe Ratio of -0.0789, which attests that the company had a -0.0789% return per unit of risk over the last 3 months. Wacker Neuson SE exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wacker Neuson's Mean Deviation of 1.47, market risk adjusted performance of (1.62), and Standard Deviation of 1.87 to validate the risk estimate we provide. The firm maintains a market beta of 0.0902, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wacker Neuson's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wacker Neuson is expected to be smaller as well. At this point, Wacker Neuson SE has a negative expected return of -0.15%. Please make sure to check out Wacker Neuson's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Wacker Neuson SE performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Wacker Neuson SE has average predictability. Overlapping area represents the amount of predictability between Wacker Neuson time series from 29th of September 2024 to 29th of October 2024 and 29th of October 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 Wacker Neuson SE price movement. The serial correlation of 0.47 indicates that about 47.0% of current Wacker Neuson price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Wacker Neuson SE lagged returns against current returns
Autocorrelation, which is Wacker Neuson 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 Wacker Neuson's stock expected returns. We can calculate the autocorrelation of Wacker Neuson returns to help us make a trade decision. For example, suppose you find that Wacker Neuson 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 |
Wacker Neuson 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 Wacker Neuson stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wacker Neuson stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wacker Neuson stock over time.
Current vs Lagged Prices |
| Timeline |
Wacker Neuson Lagged Returns
When evaluating Wacker Neuson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wacker Neuson stock have on its future price. Wacker Neuson 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, Wacker Neuson autocorrelation shows the relationship between Wacker Neuson stock current value and its past values and can show if there is a momentum factor associated with investing in Wacker Neuson SE.
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 Wacker Stock
Wacker Neuson financial ratios help investors to determine whether Wacker 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 Wacker with respect to the benefits of owning Wacker Neuson security.