Whats Cooking (Belgium) Market Value
| WHATS Stock | 105.50 2.00 1.86% |
| Symbol | Whats |
Whats Cooking '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 Whats Cooking'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 Whats Cooking.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Whats Cooking on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Whats Cooking Group or generate 0.0% return on investment in Whats Cooking over 30 days.
Whats Cooking 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 Whats Cooking'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 Whats Cooking Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.0773 | |||
| Maximum Drawdown | 22.08 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 3.29 |
Whats Cooking Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Whats Cooking's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Whats Cooking's standard deviation. In reality, there are many statistical measures that can use Whats Cooking historical prices to predict the future Whats Cooking's volatility.| Risk Adjusted Performance | 0.1013 | |||
| Jensen Alpha | 0.3092 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.18 | |||
| Treynor Ratio | 1.49 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Whats Cooking'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.
Whats Cooking Group Backtested Returns
Whats Cooking appears to be very steady, given 3 months investment horizon. Whats Cooking Group shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Whats Cooking Group, which you can use to evaluate the volatility of the company. Please utilize Whats Cooking's Downside Deviation of 1.21, market risk adjusted performance of 1.5, and Mean Deviation of 1.35 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Whats Cooking holds a performance score of 9. The firm maintains a market beta of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Whats Cooking's returns are expected to increase less than the market. However, during the bear market, the loss of holding Whats Cooking is expected to be smaller as well. Please check Whats Cooking's downside variance, and the relationship between the total risk alpha and daily balance of power , to make a quick decision on whether Whats Cooking's historical returns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Whats Cooking Group has very good reverse predictability. Overlapping area represents the amount of predictability between Whats Cooking time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Whats Cooking Group price movement. The serial correlation of -0.67 indicates that around 67.0% of current Whats Cooking price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 3.26 |
Whats Cooking Group lagged returns against current returns
Autocorrelation, which is Whats Cooking 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 Whats Cooking's stock expected returns. We can calculate the autocorrelation of Whats Cooking returns to help us make a trade decision. For example, suppose you find that Whats Cooking 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 |
Whats Cooking 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 Whats Cooking stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Whats Cooking stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Whats Cooking stock over time.
Current vs Lagged Prices |
| Timeline |
Whats Cooking Lagged Returns
When evaluating Whats Cooking's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Whats Cooking stock have on its future price. Whats Cooking 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, Whats Cooking autocorrelation shows the relationship between Whats Cooking stock current value and its past values and can show if there is a momentum factor associated with investing in Whats Cooking Group.
Regressed Prices |
| Timeline |
Pair Trading with Whats Cooking
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 Whats Cooking 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 Whats Cooking will appreciate offsetting losses from the drop in the long position's value.Moving together with Whats Stock
Moving against Whats Stock
| 0.82 | ELI | Elia Group SANV Earnings Call This Week | PairCorr |
| 0.73 | GBLB | Groep Brussel Lambert | PairCorr |
| 0.48 | ABI | Anheuser Busch Inbev | PairCorr |
The ability to find closely correlated positions to Whats Cooking could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Whats Cooking 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 Whats Cooking - 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 Whats Cooking Group to buy it.
The correlation of Whats Cooking 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 Whats Cooking moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Whats Cooking Group 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 Whats Cooking 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.