WEMA BANK's market value is the price at which a share of WEMA BANK trades on a public exchange. It measures the collective expectations of WEMA BANK PLC investors about its performance. WEMA BANK is selling at 8.75 as of the 1st of December 2024; that is 1.69 percent decrease since the beginning of the trading day. The stock's open price was 8.9. With this module, you can estimate the performance of a buy and hold strategy of WEMA BANK PLC and determine expected loss or profit from investing in WEMA BANK over a given investment horizon. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Symbol
WEMA
WEMA BANK '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 WEMA BANK'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 WEMA BANK.
0.00
11/01/2024
No Change 0.00
0.0
In 31 days
12/01/2024
0.00
If you would invest 0.00 in WEMA BANK on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding WEMA BANK PLC or generate 0.0% return on investment in WEMA BANK over 30 days.
WEMA BANK 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 WEMA BANK'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 WEMA BANK PLC 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 WEMA BANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WEMA BANK's standard deviation. In reality, there are many statistical measures that can use WEMA BANK historical prices to predict the future WEMA BANK's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as WEMA BANK. Your research has to be compared to or analyzed against WEMA BANK's peers to derive any actionable benefits. When done correctly, WEMA BANK'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 WEMA BANK PLC.
WEMA BANK PLC Backtested Returns
WEMA BANK appears to be somewhat reliable, given 3 months investment horizon. WEMA BANK PLC shows Sharpe Ratio of 0.18, which attests that the company had a 0.18% return per unit of standard deviation over the last 3 months. By reviewing WEMA BANK's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize WEMA BANK's Mean Deviation of 1.94, risk adjusted performance of 0.152, and Downside Deviation of 3.29 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WEMA BANK holds a performance score of 13. The firm maintains a market beta of -0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WEMA BANK are expected to decrease at a much lower rate. During the bear market, WEMA BANK is likely to outperform the market. Please check WEMA BANK's sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to make a quick decision on whether WEMA BANK's historical returns will revert.
Auto-correlation
-0.16
Insignificant reverse predictability
WEMA BANK PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between WEMA BANK time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 WEMA BANK PLC price movement. The serial correlation of -0.16 indicates that over 16.0% of current WEMA BANK price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.16
Spearman Rank Test
-0.33
Residual Average
0.0
Price Variance
0.04
WEMA BANK PLC lagged returns against current returns
Autocorrelation, which is WEMA BANK 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 WEMA BANK's stock expected returns. We can calculate the autocorrelation of WEMA BANK returns to help us make a trade decision. For example, suppose you find that WEMA BANK 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
WEMA BANK 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 WEMA BANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WEMA BANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WEMA BANK stock over time.
Current vs Lagged Prices
Timeline
WEMA BANK Lagged Returns
When evaluating WEMA BANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WEMA BANK stock have on its future price. WEMA BANK 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, WEMA BANK autocorrelation shows the relationship between WEMA BANK stock current value and its past values and can show if there is a momentum factor associated with investing in WEMA BANK PLC.
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.