Weir's market value is the price at which a share of Weir trades on a public exchange. It measures the collective expectations of The Weir Group investors about its performance. Weir is trading at 27.94 as of the 18th of January 2025. This is a 2.16 percent increase since the beginning of the trading day. The stock's lowest day price was 27.29. With this module, you can estimate the performance of a buy and hold strategy of The Weir Group and determine expected loss or profit from investing in Weir over a given investment horizon. Check out Weir Correlation, Weir Volatility and Weir Alpha and Beta module to complement your research on Weir.
Please note, there is a significant difference between Weir's value and its price as these two are different measures arrived at by different means. Investors typically determine if Weir is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Weir's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Weir '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'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.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Weir on December 19, 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 over 30 days. Weir 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 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'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.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weir's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weir's standard deviation. In reality, there are many statistical measures that can use Weir historical prices to predict the future Weir's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Weir. Your research has to be compared to or analyzed against Weir's peers to derive any actionable benefits. When done correctly, Weir's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Weir Group.
Weir Group Backtested Returns
Weir Group shows Sharpe Ratio of -0.0458, which attests that the company had a -0.0458% return per unit of risk over the last 3 months. Weir Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Weir's Mean Deviation of 0.4574, market risk adjusted performance of (0.19), and Standard Deviation of 1.7 to validate the risk estimate we provide. The firm maintains a market beta of 0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Weir's returns are expected to increase less than the market. However, during the bear market, the loss of holding Weir is expected to be smaller as well. At this point, Weir Group has a negative expected return of -0.0803%. Please make sure to check out Weir's total risk alpha, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Weir Group performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.24
Weak reverse predictability
The Weir Group has weak reverse predictability. Overlapping area represents the amount of predictability between Weir time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 Weir Group price movement. The serial correlation of -0.24 indicates that over 24.0% of current Weir price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.24
Spearman Rank Test
0.02
Residual Average
0.0
Price Variance
0.06
Weir Group lagged returns against current returns
Autocorrelation, which is Weir 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's pink sheet expected returns. We can calculate the autocorrelation of Weir returns to help us make a trade decision. For example, suppose you find that Weir 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 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weir 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 pink sheet over time.
Current vs Lagged Prices
Timeline
Weir Lagged Returns
When evaluating Weir's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weir pink sheet have on its future price. Weir 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 autocorrelation shows the relationship between Weir pink sheet current value and its past values and can show if there is a momentum factor associated with investing in The Weir Group.
Weir 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 security.