Wikana SA (Poland) Market Value
| WIK Stock | 7.15 0.15 2.14% |
| Symbol | Wikana |
Wikana SA '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 Wikana SA'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 Wikana SA.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Wikana SA on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Wikana SA or generate 0.0% return on investment in Wikana SA over 480 days.
Wikana SA 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 Wikana SA'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 Wikana SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.0051 | |||
| Maximum Drawdown | 14.12 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 5.26 |
Wikana SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wikana SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wikana SA's standard deviation. In reality, there are many statistical measures that can use Wikana SA historical prices to predict the future Wikana SA's volatility.| Risk Adjusted Performance | 0.0489 | |||
| Jensen Alpha | 0.1452 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0041 | |||
| Treynor Ratio | (1.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wikana SA'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.
Wikana SA Backtested Returns
Currently, Wikana SA is somewhat reliable. Wikana SA shows Sharpe Ratio of 0.0109, which attests that the company had a 0.0109% return per unit of risk over the last 3 months. We have found thirty technical indicators for Wikana SA, which you can use to evaluate the volatility of the company. Please check out Wikana SA's Downside Deviation of 3.22, market risk adjusted performance of (1.45), and Mean Deviation of 1.76 to validate if the risk estimate we provide is consistent with the expected return of 0.0278%. The firm maintains a market beta of -0.0921, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wikana SA are expected to decrease at a much lower rate. During the bear market, Wikana SA is likely to outperform the market. Wikana SA right now maintains a risk of 2.56%. Please check out Wikana SA treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Wikana SA will be following its historical returns.
Auto-correlation | 0.52 |
Modest predictability
Wikana SA has modest predictability. Overlapping area represents the amount of predictability between Wikana SA time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 Wikana SA price movement. The serial correlation of 0.52 indicates that about 52.0% of current Wikana SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Wikana SA lagged returns against current returns
Autocorrelation, which is Wikana SA 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 Wikana SA's stock expected returns. We can calculate the autocorrelation of Wikana SA returns to help us make a trade decision. For example, suppose you find that Wikana SA 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 |
Wikana SA 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 Wikana SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wikana SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wikana SA stock over time.
Current vs Lagged Prices |
| Timeline |
Wikana SA Lagged Returns
When evaluating Wikana SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wikana SA stock have on its future price. Wikana SA 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, Wikana SA autocorrelation shows the relationship between Wikana SA stock current value and its past values and can show if there is a momentum factor associated with investing in Wikana SA.
Regressed Prices |
| Timeline |
Pair Trading with Wikana SA
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 Wikana SA 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 Wikana SA will appreciate offsetting losses from the drop in the long position's value.Moving against Wikana Stock
The ability to find closely correlated positions to Wikana SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wikana SA 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 Wikana SA - 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 Wikana SA to buy it.
The correlation of Wikana SA 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 Wikana SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wikana SA 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 Wikana SA 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.Additional Tools for Wikana Stock Analysis
When running Wikana SA's price analysis, check to measure Wikana SA'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 Wikana SA is operating at the current time. Most of Wikana SA's value examination focuses on studying past and present price action to predict the probability of Wikana SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wikana SA's price. Additionally, you may evaluate how the addition of Wikana SA to your portfolios can decrease your overall portfolio volatility.