Wienerberger (Germany) Market Value
| WIB Stock | 26.68 0.10 0.37% |
| Symbol | Wienerberger |
Wienerberger '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 Wienerberger'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 Wienerberger.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Wienerberger on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Wienerberger AG or generate 0.0% return on investment in Wienerberger over 30 days. Wienerberger is related to or competes with REINET INVESTMENTS, Entravision Communications, DIVERSIFIED ROYALTY, WisdomTree Investments, MGIC INVESTMENT, New Residential, and Clean Energy. More
Wienerberger 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 Wienerberger'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 Wienerberger AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 7.5 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 2.2 |
Wienerberger Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wienerberger's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wienerberger's standard deviation. In reality, there are many statistical measures that can use Wienerberger historical prices to predict the future Wienerberger's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (1.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wienerberger'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.
Wienerberger AG Backtested Returns
Wienerberger AG 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. Wienerberger AG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wienerberger's Standard Deviation of 1.41, mean deviation of 0.9912, and Market Risk Adjusted Performance of (1.20) to validate the risk estimate we provide. The firm maintains a market beta of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wienerberger's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wienerberger is expected to be smaller as well. At this point, Wienerberger AG has a negative expected return of -0.17%. Please make sure to check out Wienerberger's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Wienerberger AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Wienerberger AG has below average predictability. Overlapping area represents the amount of predictability between Wienerberger 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 Wienerberger AG price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Wienerberger price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Wienerberger AG lagged returns against current returns
Autocorrelation, which is Wienerberger 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 Wienerberger's stock expected returns. We can calculate the autocorrelation of Wienerberger returns to help us make a trade decision. For example, suppose you find that Wienerberger 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 |
Wienerberger 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 Wienerberger stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wienerberger stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wienerberger stock over time.
Current vs Lagged Prices |
| Timeline |
Wienerberger Lagged Returns
When evaluating Wienerberger's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wienerberger stock have on its future price. Wienerberger 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, Wienerberger autocorrelation shows the relationship between Wienerberger stock current value and its past values and can show if there is a momentum factor associated with investing in Wienerberger AG.
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 Wienerberger Stock Analysis
When running Wienerberger's price analysis, check to measure Wienerberger'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 Wienerberger is operating at the current time. Most of Wienerberger's value examination focuses on studying past and present price action to predict the probability of Wienerberger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wienerberger's price. Additionally, you may evaluate how the addition of Wienerberger to your portfolios can decrease your overall portfolio volatility.