WD 40 (Germany) Market Value
| WD1 Stock | 260.00 6.00 2.26% |
| Symbol | WD1 |
WD 40 '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 WD 40'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 WD 40.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in WD 40 on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding WD 40 CO or generate 0.0% return on investment in WD 40 over 30 days.
WD 40 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 WD 40'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 WD 40 CO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.0672 | |||
| Maximum Drawdown | 8.81 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 3.39 |
WD 40 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WD 40's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WD 40's standard deviation. In reality, there are many statistical measures that can use WD 40 historical prices to predict the future WD 40's volatility.| Risk Adjusted Performance | 0.113 | |||
| Jensen Alpha | 0.1832 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0526 | |||
| Treynor Ratio | 0.5616 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WD 40's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
WD 40 CO Backtested Returns
WD 40 appears to be very steady, given 3 months investment horizon. WD 40 CO retains Efficiency (Sharpe Ratio) of 0.13, which attests that the company had a 0.13% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for WD 40, which you can use to evaluate the volatility of the company. Please utilize WD 40's market risk adjusted performance of 0.5716, and Standard Deviation of 1.72 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WD 40 holds a performance score of 9. The firm owns a Beta (Systematic Risk) of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WD 40's returns are expected to increase less than the market. However, during the bear market, the loss of holding WD 40 is expected to be smaller as well. Please check WD 40's information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to make a quick decision on whether WD 40's current price history will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
WD 40 CO has insignificant reverse predictability. Overlapping area represents the amount of predictability between WD 40 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 WD 40 CO price movement. The serial correlation of -0.19 indicates that over 19.0% of current WD 40 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 13.56 |
WD 40 CO lagged returns against current returns
Autocorrelation, which is WD 40 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 WD 40's stock expected returns. We can calculate the autocorrelation of WD 40 returns to help us make a trade decision. For example, suppose you find that WD 40 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 |
WD 40 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 WD 40 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WD 40 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WD 40 stock over time.
Current vs Lagged Prices |
| Timeline |
WD 40 Lagged Returns
When evaluating WD 40's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WD 40 stock have on its future price. WD 40 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, WD 40 autocorrelation shows the relationship between WD 40 stock current value and its past values and can show if there is a momentum factor associated with investing in WD 40 CO.
Regressed Prices |
| Timeline |
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Additional Tools for WD1 Stock Analysis
When running WD 40's price analysis, check to measure WD 40's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy WD 40 is operating at the current time. Most of WD 40's value examination focuses on studying past and present price action to predict the probability of WD 40's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WD 40's price. Additionally, you may evaluate how the addition of WD 40 to your portfolios can decrease your overall portfolio volatility.