Wizz Air's market value is the price at which a share of Wizz Air trades on a public exchange. It measures the collective expectations of Wizz Air Holdings investors about its performance. Wizz Air is selling for under 1315.00 as of the 18th of January 2025; that is 2.49 percent increase since the beginning of the trading day. The stock's lowest day price was 1286.84. With this module, you can estimate the performance of a buy and hold strategy of Wizz Air Holdings and determine expected loss or profit from investing in Wizz Air over a given investment horizon. Check out Wizz Air Correlation, Wizz Air Volatility and Wizz Air Alpha and Beta module to complement your research on Wizz Air.
Please note, there is a significant difference between Wizz Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wizz Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wizz Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Wizz Air on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Wizz Air Holdings or generate 0.0% return on investment in Wizz Air over 30 days. Wizz Air is related to or competes with Solstad Offshore, FinecoBank SpA, SBM Offshore, Dairy Farm, TBC Bank, Cembra Money, and Universal Display. Wizz Air is entity of United Kingdom. It is traded as Stock on LSE exchange. 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 Holdings upside and downside potential and time the market with a certain degree of confidence.
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.
Wizz Air appears to be very steady, given 3 months investment horizon. Wizz Air Holdings shows Sharpe Ratio of 0.0708, which attests that the company had a 0.0708% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wizz Air Holdings, which you can use to evaluate the volatility of the company. Please utilize Wizz Air's Mean Deviation of 2.39, market risk adjusted performance of 0.2924, and Downside Deviation of 3.01 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wizz Air holds a performance score of 5. The firm maintains a market beta of 0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wizz Air's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wizz Air is expected to be smaller as well. Please check Wizz Air's downside variance, kurtosis, day median price, as well as the relationship between the expected short fall and daily balance of power , to make a quick decision on whether Wizz Air's historical returns will revert.
Auto-correlation
0.09
Virtually no predictability
Wizz Air Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Wizz Air time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. 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 Holdings price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Wizz Air price fluctuation can be explain by its past prices.
Correlation Coefficient
0.09
Spearman Rank Test
0.32
Residual Average
0.0
Price Variance
4421.8
Wizz Air Holdings 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 Holdings.
Regressed Prices
Timeline
Also Currently Popular
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.
When running Wizz Air's price analysis, check to measure Wizz Air'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 Wizz Air is operating at the current time. Most of Wizz Air's value examination focuses on studying past and present price action to predict the probability of Wizz Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wizz Air's price. Additionally, you may evaluate how the addition of Wizz Air to your portfolios can decrease your overall portfolio volatility.