WEG SA (Brazil) Market Value
| WEGE3 Stock | BRL 53.73 0.40 0.74% |
| Symbol | WEG |
WEG SA '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 WEG SA'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 WEG SA.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in WEG SA on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding WEG SA or generate 0.0% return on investment in WEG SA over 360 days. WEG SA is related to or competes with Aesapar Fundo, Fundo De, BTG Pactual, Plano Plano, Companhia Habitasul, Procter Gamble, and Cable One. WEG S.A. engages in the production and trade of capital goods in Brazil and internationally More
WEG SA 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 WEG SA'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 WEG SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 8.6 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.71 |
WEG SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WEG SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WEG SA's standard deviation. In reality, there are many statistical measures that can use WEG SA historical prices to predict the future WEG SA's volatility.| Risk Adjusted Performance | 0.0451 | |||
| Jensen Alpha | 0.0524 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.3421 |
WEG SA Backtested Returns
Currently, WEG SA is very steady. WEG SA shows Sharpe Ratio of 0.0018, which attests that the company had a 0.0018% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for WEG SA, which you can use to evaluate the volatility of the company. Please check out WEG SA's Mean Deviation of 1.11, risk adjusted performance of 0.0451, and Downside Deviation of 1.64 to validate if the risk estimate we provide is consistent with the expected return of 0.0027%. The firm maintains a market beta of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WEG SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding WEG SA is expected to be smaller as well. WEG SA currently maintains a risk of 1.5%. Please check out WEG SA standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if WEG SA will be following its historical returns.
Auto-correlation | 0.65 |
Good predictability
WEG SA has good predictability. Overlapping area represents the amount of predictability between WEG SA time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 WEG SA price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current WEG SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 40.81 |
WEG SA lagged returns against current returns
Autocorrelation, which is WEG SA 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 WEG SA's stock expected returns. We can calculate the autocorrelation of WEG SA returns to help us make a trade decision. For example, suppose you find that WEG SA 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 |
WEG SA 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 WEG SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WEG SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WEG SA stock over time.
Current vs Lagged Prices |
| Timeline |
WEG SA Lagged Returns
When evaluating WEG SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WEG SA stock have on its future price. WEG SA 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, WEG SA autocorrelation shows the relationship between WEG SA stock current value and its past values and can show if there is a momentum factor associated with investing in WEG SA.
Regressed Prices |
| Timeline |
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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.Additional Tools for WEG Stock Analysis
When running WEG SA's price analysis, check to measure WEG SA'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 WEG SA is operating at the current time. Most of WEG SA's value examination focuses on studying past and present price action to predict the probability of WEG SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WEG SA's price. Additionally, you may evaluate how the addition of WEG SA to your portfolios can decrease your overall portfolio volatility.