Wise Group (Sweden) Market Value
| WISE Stock | SEK 16.40 0.30 1.86% |
| Symbol | Wise |
Wise Group '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 Wise Group'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 Wise Group.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Wise Group on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Wise Group AB or generate 0.0% return on investment in Wise Group over 30 days. Wise Group is related to or competes with Rottneros, Dedicare, XANO Industri, Svedbergs, and ProfilGruppen. Wise Group AB provides recruitment, consultancy, and HR services in Sweden and internationally More
Wise Group 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 Wise Group'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 Wise Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 14.74 | |||
| Value At Risk | (5.23) | |||
| Potential Upside | 4.37 |
Wise Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wise Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wise Group's standard deviation. In reality, there are many statistical measures that can use Wise Group historical prices to predict the future Wise Group's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | 1.13 |
Wise Group AB Backtested Returns
Wise Group AB shows Sharpe Ratio of -0.14, which attests that the company had a -0.14% return per unit of risk over the last 3 months. Wise Group AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wise Group's Mean Deviation of 1.95, market risk adjusted performance of 1.14, and Standard Deviation of 2.69 to validate the risk estimate we provide. The firm maintains a market beta of -0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wise Group are expected to decrease at a much lower rate. During the bear market, Wise Group is likely to outperform the market. At this point, Wise Group AB has a negative expected return of -0.39%. Please make sure to check out Wise Group's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Wise Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Wise Group AB has weak predictability. Overlapping area represents the amount of predictability between Wise Group time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Wise Group AB price movement. The serial correlation of 0.22 indicates that over 22.0% of current Wise Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Wise Group AB lagged returns against current returns
Autocorrelation, which is Wise Group 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 Wise Group's stock expected returns. We can calculate the autocorrelation of Wise Group returns to help us make a trade decision. For example, suppose you find that Wise Group 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 |
Wise Group 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 Wise Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wise Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wise Group stock over time.
Current vs Lagged Prices |
| Timeline |
Wise Group Lagged Returns
When evaluating Wise Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wise Group stock have on its future price. Wise Group 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, Wise Group autocorrelation shows the relationship between Wise Group stock current value and its past values and can show if there is a momentum factor associated with investing in Wise Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Wise Stock Analysis
When running Wise Group's price analysis, check to measure Wise Group'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 Wise Group is operating at the current time. Most of Wise Group's value examination focuses on studying past and present price action to predict the probability of Wise Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wise Group's price. Additionally, you may evaluate how the addition of Wise Group to your portfolios can decrease your overall portfolio volatility.