Westwing Comrcio (Brazil) Market Value
| WEST3 Stock | BRL 0.59 0.09 13.24% |
| Symbol | Westwing |
Westwing Comrcio '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 Westwing Comrcio'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 Westwing Comrcio.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Westwing Comrcio on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Westwing Comrcio Varejista or generate 0.0% return on investment in Westwing Comrcio over 540 days. Westwing Comrcio is related to or competes with Mobly SA, Enjoei SA, Bemobi Mobile, MPM Corpreos, and Intelbras. Westwing Comrcio Varejista S.A. engages in the online shopping business in Brazil More
Westwing Comrcio 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 Westwing Comrcio'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 Westwing Comrcio Varejista upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 11.54 | |||
| Value At Risk | (4.82) | |||
| Potential Upside | 3.8 |
Westwing Comrcio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westwing Comrcio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westwing Comrcio's standard deviation. In reality, there are many statistical measures that can use Westwing Comrcio historical prices to predict the future Westwing Comrcio's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.64) | |||
| Total Risk Alpha | (1.14) | |||
| Treynor Ratio | 6.4 |
Westwing Comrcio Var Backtested Returns
Westwing Comrcio Var shows Sharpe Ratio of -0.22, which attests that the company had a -0.22% return per unit of risk over the last 3 months. Westwing Comrcio Var exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Westwing Comrcio's Standard Deviation of 2.93, mean deviation of 2.11, and Market Risk Adjusted Performance of 6.41 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 Westwing Comrcio are expected to decrease at a much lower rate. During the bear market, Westwing Comrcio is likely to outperform the market. At this point, Westwing Comrcio Var has a negative expected return of -0.65%. Please make sure to check out Westwing Comrcio's rate of daily change, price action indicator, and the relationship between the accumulation distribution and day typical price , to decide if Westwing Comrcio Var performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Westwing Comrcio Varejista has modest predictability. Overlapping area represents the amount of predictability between Westwing Comrcio time series from 10th of June 2023 to 6th of March 2024 and 6th of March 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 Westwing Comrcio Var price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Westwing Comrcio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Westwing Comrcio Var lagged returns against current returns
Autocorrelation, which is Westwing Comrcio 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 Westwing Comrcio's stock expected returns. We can calculate the autocorrelation of Westwing Comrcio returns to help us make a trade decision. For example, suppose you find that Westwing Comrcio 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 |
Westwing Comrcio 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 Westwing Comrcio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westwing Comrcio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westwing Comrcio stock over time.
Current vs Lagged Prices |
| Timeline |
Westwing Comrcio Lagged Returns
When evaluating Westwing Comrcio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westwing Comrcio stock have on its future price. Westwing Comrcio 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, Westwing Comrcio autocorrelation shows the relationship between Westwing Comrcio stock current value and its past values and can show if there is a momentum factor associated with investing in Westwing Comrcio Varejista.
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.Additional Tools for Westwing Stock Analysis
When running Westwing Comrcio's price analysis, check to measure Westwing Comrcio'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 Westwing Comrcio is operating at the current time. Most of Westwing Comrcio's value examination focuses on studying past and present price action to predict the probability of Westwing Comrcio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westwing Comrcio's price. Additionally, you may evaluate how the addition of Westwing Comrcio to your portfolios can decrease your overall portfolio volatility.