The Weir Group Stock Market Value
| WEIGF Stock | USD 27.05 0.00 0.00% |
| Symbol | Weir |
Weir Group '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 Weir Group'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 Weir Group.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Weir Group on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding The Weir Group or generate 0.0% return on investment in Weir Group over 30 days. Weir Group is related to or competes with Shanghai Electric, Xinjiang Goldwind, American Superconductor, and Cummins. The Weir Group PLC produces and sells highly engineered original equipment worldwide More
Weir Group 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 Weir Group'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 The Weir Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 19.4 | |||
| Potential Upside | 2.93 |
Weir Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weir Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weir Group's standard deviation. In reality, there are many statistical measures that can use Weir Group historical prices to predict the future Weir Group's volatility.| Risk Adjusted Performance | 0.0512 | |||
| Jensen Alpha | 0.1015 | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 8.72 |
Weir Group Backtested Returns
At this point, Weir Group is very steady. Weir Group shows Sharpe Ratio of 0.0606, which attests that the company had a 0.0606% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Weir Group, which you can use to evaluate the volatility of the company. Please check out Weir Group's Standard Deviation of 1.91, market risk adjusted performance of 8.73, and Mean Deviation of 0.5937 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. Weir Group has a performance score of 4 on a scale of 0 to 100. The firm maintains a market beta of 0.0118, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Weir Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Weir Group is expected to be smaller as well. Weir Group right now maintains a risk of 1.95%. Please check out Weir Group jensen alpha, as well as the relationship between the skewness and day median price , to decide if Weir Group will be following its historical returns.
Auto-correlation | 0.00 |
No correlation between past and present
The Weir Group has no correlation between past and present. Overlapping area represents the amount of predictability between Weir Group time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Weir Group price movement. The serial correlation of 0.0 indicates that just 0.0% of current Weir Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Weir Group lagged returns against current returns
Autocorrelation, which is Weir Group 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 Weir Group's pink sheet expected returns. We can calculate the autocorrelation of Weir Group returns to help us make a trade decision. For example, suppose you find that Weir Group 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 |
Weir Group 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 Weir Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weir Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Weir Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Weir Group Lagged Returns
When evaluating Weir Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weir Group pink sheet have on its future price. Weir Group 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, Weir Group autocorrelation shows the relationship between Weir Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in The Weir Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Weir Pink Sheet
Weir Group financial ratios help investors to determine whether Weir 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 Weir with respect to the benefits of owning Weir Group security.