Workspace Group (UK) Market Value
| WKP Stock | 545.00 6.00 1.11% |
| Symbol | Workspace |
Workspace 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 Workspace 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 Workspace Group.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Workspace Group on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Workspace Group PLC or generate 0.0% return on investment in Workspace Group over 360 days. Workspace Group is related to or competes with Prosiebensat, CompuGroup Medical, United States, Grand Vision, Catalyst Media, Odfjell Drilling, and Sabre Insurance. Workspace Group is entity of United Kingdom More
Workspace 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 Workspace 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 Workspace Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 9.06 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 2.13 |
Workspace Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Workspace Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Workspace Group's standard deviation. In reality, there are many statistical measures that can use Workspace Group historical prices to predict the future Workspace Group's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.35) |
Workspace Group PLC Backtested Returns
Workspace Group PLC shows Sharpe Ratio of -0.13, which attests that the company had a -0.13% return per unit of risk over the last 3 months. Workspace Group PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Workspace Group's Standard Deviation of 1.64, market risk adjusted performance of (0.34), and Mean Deviation of 1.3 to validate the risk estimate we provide. The firm maintains a market beta of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Workspace Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Workspace Group is expected to be smaller as well. At this point, Workspace Group PLC has a negative expected return of -0.21%. Please make sure to check out Workspace Group's rate of daily change, and the relationship between the kurtosis and market facilitation index , to decide if Workspace Group PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Workspace Group PLC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Workspace Group time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th 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 Workspace Group PLC price movement. The serial correlation of -0.74 indicates that around 74.0% of current Workspace Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1349.24 |
Workspace Group PLC lagged returns against current returns
Autocorrelation, which is Workspace 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 Workspace Group's stock expected returns. We can calculate the autocorrelation of Workspace Group returns to help us make a trade decision. For example, suppose you find that Workspace 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 |
Workspace 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 Workspace Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Workspace Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Workspace Group stock over time.
Current vs Lagged Prices |
| Timeline |
Workspace Group Lagged Returns
When evaluating Workspace Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Workspace Group stock have on its future price. Workspace 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, Workspace Group autocorrelation shows the relationship between Workspace Group stock current value and its past values and can show if there is a momentum factor associated with investing in Workspace Group PLC.
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.Other Information on Investing in Workspace Stock
Workspace Group financial ratios help investors to determine whether Workspace 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 Workspace with respect to the benefits of owning Workspace Group security.