Wex Inc Stock Market Value
| WEX Stock | USD 181.73 1.41 0.78% |
| Symbol | Wex |
Wex Inc Price To Book Ratio
Is Data Processing & Outsourced Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wex. If investors know Wex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 5 | Earnings Share 7.87 | Revenue Per Share 63.937 | Quarterly Revenue Growth 0.022 | Return On Assets 0.0316 |
The market value of Wex Inc is measured differently than its book value, which is the value of Wex that is recorded on the company's balance sheet. Investors also form their own opinion of Wex's value that differs from its market value or its book value, called intrinsic value, which is Wex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wex's market value can be influenced by many factors that don't directly affect Wex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wex'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.
Wex '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 Wex'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 Wex.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Wex on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Wex Inc or generate 0.0% return on investment in Wex over 720 days. Wex is related to or competes with CSG Systems, VeriSign, Consensus Cloud, Global Blue, EverCommerce, NetScout Systems, and Priority Technology. WEX Inc. provides financial technology services in the United States and internationally More
Wex 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 Wex'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 Wex Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.1 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 18.29 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.99 |
Wex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wex's standard deviation. In reality, there are many statistical measures that can use Wex historical prices to predict the future Wex's volatility.| Risk Adjusted Performance | 0.0175 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0141 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wex's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Wex Inc Backtested Returns
Wex Inc shows Sharpe Ratio of -7.0E-4, which attests that the company had a -7.0E-4% return per unit of risk over the last 3 months. Wex Inc exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wex's Downside Deviation of 3.1, market risk adjusted performance of 0.0241, and Mean Deviation of 1.21 to validate the risk estimate we provide. The firm maintains a market beta of 1.71, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Wex will likely underperform. At this point, Wex Inc has a negative expected return of -0.0018%. Please make sure to check out Wex's maximum drawdown, skewness, as well as the relationship between the Skewness and day typical price , to decide if Wex Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Wex Inc has virtually no predictability. Overlapping area represents the amount of predictability between Wex time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st of November 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 Wex Inc price movement. The serial correlation of 0.03 indicates that only 3.0% of current Wex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 406.11 |
Wex Inc lagged returns against current returns
Autocorrelation, which is Wex 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 Wex's stock expected returns. We can calculate the autocorrelation of Wex returns to help us make a trade decision. For example, suppose you find that Wex 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 |
Wex 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 Wex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wex stock over time.
Current vs Lagged Prices |
| Timeline |
Wex Lagged Returns
When evaluating Wex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wex stock have on its future price. Wex 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, Wex autocorrelation shows the relationship between Wex stock current value and its past values and can show if there is a momentum factor associated with investing in Wex Inc.
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 Wex Stock Analysis
When running Wex's price analysis, check to measure Wex'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 Wex is operating at the current time. Most of Wex's value examination focuses on studying past and present price action to predict the probability of Wex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wex's price. Additionally, you may evaluate how the addition of Wex to your portfolios can decrease your overall portfolio volatility.