Wereldhav (Belgium) Market Value
| WEHB Stock | EUR 46.50 0.20 0.43% |
| Symbol | Wereldhav |
Wereldhav '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 Wereldhav'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 Wereldhav.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Wereldhav on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Wereldhav B Sicafi or generate 0.0% return on investment in Wereldhav over 30 days. Wereldhav is related to or competes with Home Invest, Retail Estates, Exmar NV, Iep Invest, Unifiedpost Group, and Montea CVA. Wereldhave Belgium is a public regulated real estate company with a focus on commercial property in Belgium More
Wereldhav 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 Wereldhav'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 Wereldhav B Sicafi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 5.56 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 1.66 |
Wereldhav Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wereldhav's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wereldhav's standard deviation. In reality, there are many statistical measures that can use Wereldhav historical prices to predict the future Wereldhav's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.3281 |
Wereldhav B Sicafi Backtested Returns
Wereldhav B Sicafi shows Sharpe Ratio of -0.0262, which attests that the company had a -0.0262% return per unit of risk over the last 3 months. Wereldhav B Sicafi exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wereldhav's Market Risk Adjusted Performance of 0.3381, standard deviation of 1.03, and Mean Deviation of 0.7383 to validate the risk estimate we provide. The firm maintains a market beta of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wereldhav are expected to decrease at a much lower rate. During the bear market, Wereldhav is likely to outperform the market. At this point, Wereldhav B Sicafi has a negative expected return of -0.027%. Please make sure to check out Wereldhav's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Wereldhav B Sicafi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Wereldhav B Sicafi has weak predictability. Overlapping area represents the amount of predictability between Wereldhav time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Wereldhav B Sicafi price movement. The serial correlation of 0.23 indicates that over 23.0% of current Wereldhav price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Wereldhav B Sicafi lagged returns against current returns
Autocorrelation, which is Wereldhav 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 Wereldhav's stock expected returns. We can calculate the autocorrelation of Wereldhav returns to help us make a trade decision. For example, suppose you find that Wereldhav 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 |
Wereldhav 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 Wereldhav stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wereldhav stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wereldhav stock over time.
Current vs Lagged Prices |
| Timeline |
Wereldhav Lagged Returns
When evaluating Wereldhav's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wereldhav stock have on its future price. Wereldhav 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, Wereldhav autocorrelation shows the relationship between Wereldhav stock current value and its past values and can show if there is a momentum factor associated with investing in Wereldhav B Sicafi.
Regressed Prices |
| Timeline |
Pair Trading with Wereldhav
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Wereldhav position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Wereldhav will appreciate offsetting losses from the drop in the long position's value.Moving against Wereldhav Stock
The ability to find closely correlated positions to Wereldhav could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wereldhav when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Wereldhav - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Wereldhav B Sicafi to buy it.
The correlation of Wereldhav is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wereldhav moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wereldhav B Sicafi moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Wereldhav can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Wereldhav Stock Analysis
When running Wereldhav's price analysis, check to measure Wereldhav'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 Wereldhav is operating at the current time. Most of Wereldhav's value examination focuses on studying past and present price action to predict the probability of Wereldhav's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wereldhav's price. Additionally, you may evaluate how the addition of Wereldhav to your portfolios can decrease your overall portfolio volatility.