WIZZ AIR (Germany) Market Value
| WI20 Stock | 3.94 0.06 1.55% |
| Symbol | WIZZ |
WIZZ AIR '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 WIZZ AIR'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 WIZZ AIR.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in WIZZ AIR on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding WIZZ AIR HLDGUNSPADR4 or generate 0.0% return on investment in WIZZ AIR over 720 days. WIZZ AIR is related to or competes with RYANAIR HLDGS, Southwest Airlines, China Southern, Ryanair Holdings, and Ryanair Holdings. More
WIZZ AIR 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 WIZZ AIR'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 WIZZ AIR HLDGUNSPADR4 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | 0.0344 | |||
| Maximum Drawdown | 18.74 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 7.14 |
WIZZ AIR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WIZZ AIR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WIZZ AIR's standard deviation. In reality, there are many statistical measures that can use WIZZ AIR historical prices to predict the future WIZZ AIR's volatility.| Risk Adjusted Performance | 0.0576 | |||
| Jensen Alpha | 0.2389 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0419 | |||
| Treynor Ratio | (1.31) |
WIZZ AIR HLDGUNSPADR4 Backtested Returns
At this point, WIZZ AIR is unstable. WIZZ AIR HLDGUNSPADR4 shows Sharpe Ratio of 0.0443, which attests that the company had a 0.0443% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for WIZZ AIR HLDGUNSPADR4, which you can use to evaluate the volatility of the company. Please check out WIZZ AIR's Downside Deviation of 2.93, market risk adjusted performance of (1.30), and Mean Deviation of 2.6 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. WIZZ AIR has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WIZZ AIR are expected to decrease at a much lower rate. During the bear market, WIZZ AIR is likely to outperform the market. WIZZ AIR HLDGUNSPADR4 presently maintains a risk of 3.58%. Please check out WIZZ AIR HLDGUNSPADR4 semi variance, skewness, and the relationship between the downside variance and expected short fall , to decide if WIZZ AIR HLDGUNSPADR4 will be following its historical returns.
Auto-correlation | 0.80 |
Very good predictability
WIZZ AIR HLDGUNSPADR4 has very good predictability. Overlapping area represents the amount of predictability between WIZZ AIR time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 WIZZ AIR HLDGUNSPADR4 price movement. The serial correlation of 0.8 indicates that around 80.0% of current WIZZ AIR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
WIZZ AIR HLDGUNSPADR4 lagged returns against current returns
Autocorrelation, which is WIZZ AIR 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 WIZZ AIR's stock expected returns. We can calculate the autocorrelation of WIZZ AIR returns to help us make a trade decision. For example, suppose you find that WIZZ AIR 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 |
WIZZ AIR 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 WIZZ AIR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WIZZ AIR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WIZZ AIR stock over time.
Current vs Lagged Prices |
| Timeline |
WIZZ AIR Lagged Returns
When evaluating WIZZ AIR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WIZZ AIR stock have on its future price. WIZZ AIR 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, WIZZ AIR autocorrelation shows the relationship between WIZZ AIR stock current value and its past values and can show if there is a momentum factor associated with investing in WIZZ AIR HLDGUNSPADR4.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in WIZZ Stock
WIZZ AIR financial ratios help investors to determine whether WIZZ Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in WIZZ with respect to the benefits of owning WIZZ AIR security.