Webjet Limited Stock Market Value
| WEBJF Stock | USD 0.93 0.00 0.00% |
| Symbol | Webjet |
Webjet '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 Webjet's pink sheet 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 Webjet.
| 01/08/2024 |
| 12/28/2025 |
If you would invest 0.00 in Webjet on January 8, 2024 and sell it all today you would earn a total of 0.00 from holding Webjet Limited or generate 0.0% return on investment in Webjet over 720 days. Webjet is related to or competes with Corporate Travel, Trainline PLC, Shangri-La Asia, Mayr-Melnhof Karton, Genting Malaysia, Round One, and Electrolux. Webjet Limited provides online travel booking services in Australia, New Zealand, the United Arab Emirates, the United K... More
Webjet 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 Webjet's pink sheet 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 Webjet Limited upside and downside potential and time the market with a certain degree of confidence.
Webjet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Webjet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Webjet's standard deviation. In reality, there are many statistical measures that can use Webjet historical prices to predict the future Webjet's volatility.Webjet Limited Backtested Returns
We have found three technical indicators for Webjet Limited, which you can use to evaluate the volatility of the company. The firm maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Webjet are completely uncorrelated.
Auto-correlation | 0.04 |
Virtually no predictability
Webjet Limited has virtually no predictability. Overlapping area represents the amount of predictability between Webjet time series from 8th of January 2024 to 2nd of January 2025 and 2nd of January 2025 to 28th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Webjet Limited price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Webjet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Webjet Limited lagged returns against current returns
Autocorrelation, which is Webjet pink sheet'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 Webjet's pink sheet expected returns. We can calculate the autocorrelation of Webjet returns to help us make a trade decision. For example, suppose you find that Webjet has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Webjet 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 Webjet pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Webjet pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Webjet pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Webjet Lagged Returns
When evaluating Webjet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Webjet pink sheet have on its future price. Webjet 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, Webjet autocorrelation shows the relationship between Webjet pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Webjet Limited.
Regressed Prices |
| Timeline |
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Other Information on Investing in Webjet Pink Sheet
Webjet financial ratios help investors to determine whether Webjet Pink Sheet 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 Webjet with respect to the benefits of owning Webjet security.