Wealth Inv (Denmark) Market Value
| WEIOOF Stock | 172.10 0.40 0.23% |
| Symbol | Wealth |
Wealth Inv '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 Wealth Inv'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 Wealth Inv.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Wealth Inv on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Wealth Inv Optimal or generate 0.0% return on investment in Wealth Inv over 180 days.
Wealth Inv 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 Wealth Inv'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 Wealth Inv Optimal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5583 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 2.91 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 1.18 |
Wealth Inv Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wealth Inv's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wealth Inv's standard deviation. In reality, there are many statistical measures that can use Wealth Inv historical prices to predict the future Wealth Inv's volatility.| Risk Adjusted Performance | 0.1117 | |||
| Jensen Alpha | 0.0574 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.3874 |
Wealth Inv Optimal Backtested Returns
At this point, Wealth Inv is very steady. Wealth Inv Optimal shows Sharpe Ratio of 0.14, which attests that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wealth Inv Optimal, which you can use to evaluate the volatility of the company. Please check out Wealth Inv's Downside Deviation of 0.5583, market risk adjusted performance of 0.3974, and Mean Deviation of 0.4954 to validate if the risk estimate we provide is consistent with the expected return of 0.0907%. Wealth Inv has a performance score of 10 on a scale of 0 to 100. The firm maintains a market beta of 0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wealth Inv's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wealth Inv is expected to be smaller as well. Wealth Inv Optimal right now maintains a risk of 0.66%. Please check out Wealth Inv Optimal value at risk, and the relationship between the jensen alpha and skewness , to decide if Wealth Inv Optimal will be following its historical returns.
Auto-correlation | 0.12 |
Insignificant predictability
Wealth Inv Optimal has insignificant predictability. Overlapping area represents the amount of predictability between Wealth Inv time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Wealth Inv Optimal price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Wealth Inv price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 9.4 |
Wealth Inv Optimal lagged returns against current returns
Autocorrelation, which is Wealth Inv 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 Wealth Inv's stock expected returns. We can calculate the autocorrelation of Wealth Inv returns to help us make a trade decision. For example, suppose you find that Wealth Inv 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 |
Wealth Inv 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 Wealth Inv stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wealth Inv stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wealth Inv stock over time.
Current vs Lagged Prices |
| Timeline |
Wealth Inv Lagged Returns
When evaluating Wealth Inv's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wealth Inv stock have on its future price. Wealth Inv 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, Wealth Inv autocorrelation shows the relationship between Wealth Inv stock current value and its past values and can show if there is a momentum factor associated with investing in Wealth Inv Optimal.
Regressed Prices |
| Timeline |
Pair Trading with Wealth Inv
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 Wealth Inv 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 Wealth Inv will appreciate offsetting losses from the drop in the long position's value.Moving together with Wealth Stock
Moving against Wealth Stock
| 0.89 | VWS | Vestas Wind Systems | PairCorr |
| 0.85 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.83 | GMAB | Genmab AS | PairCorr |
| 0.59 | CARL-B | Carlsberg AS | PairCorr |
| 0.47 | ORSTED | Orsted AS | PairCorr |
The ability to find closely correlated positions to Wealth Inv could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wealth Inv 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 Wealth Inv - 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 Wealth Inv Optimal to buy it.
The correlation of Wealth Inv 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 Wealth Inv moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wealth Inv Optimal 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 Wealth Inv 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.