Wavestone (France) Market Value
| WAVE Stock | EUR 46.00 0.60 1.32% |
| Symbol | Wavestone |
Wavestone '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 Wavestone'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 Wavestone.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Wavestone on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Wavestone SA or generate 0.0% return on investment in Wavestone over 720 days. Wavestone is related to or competes with Sartorius Stedim, Lectra SA, Teleperformance, Trigano SA, and Thermador Groupe. Wavestone SA provides management and digital consulting services primarily in France and internationally More
Wavestone 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 Wavestone'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 Wavestone SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 13.64 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 3.15 |
Wavestone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wavestone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wavestone's standard deviation. In reality, there are many statistical measures that can use Wavestone historical prices to predict the future Wavestone's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.34) |
Wavestone SA Backtested Returns
Wavestone SA shows Sharpe Ratio of -0.16, which attests that the company had a -0.16% return per unit of risk over the last 3 months. Wavestone SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wavestone's Mean Deviation of 1.48, market risk adjusted performance of (0.33), and Standard Deviation of 2.08 to validate the risk estimate we provide. The firm maintains a market beta of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wavestone's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wavestone is expected to be smaller as well. At this point, Wavestone SA has a negative expected return of -0.3%. Please make sure to check out Wavestone's skewness, accumulation distribution, rate of daily change, as well as the relationship between the kurtosis and daily balance of power , to decide if Wavestone SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Wavestone SA has very weak reverse predictability. Overlapping area represents the amount of predictability between Wavestone time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Wavestone SA price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Wavestone price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 16.44 |
Wavestone SA lagged returns against current returns
Autocorrelation, which is Wavestone 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 Wavestone's stock expected returns. We can calculate the autocorrelation of Wavestone returns to help us make a trade decision. For example, suppose you find that Wavestone 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 |
Wavestone 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 Wavestone stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wavestone stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wavestone stock over time.
Current vs Lagged Prices |
| Timeline |
Wavestone Lagged Returns
When evaluating Wavestone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wavestone stock have on its future price. Wavestone 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, Wavestone autocorrelation shows the relationship between Wavestone stock current value and its past values and can show if there is a momentum factor associated with investing in Wavestone SA.
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 Wavestone Stock
Wavestone financial ratios help investors to determine whether Wavestone 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 Wavestone with respect to the benefits of owning Wavestone security.