Wolford Aktiengesellscha (Austria) Market Value
| WOL Stock | EUR 2.20 0.30 12.00% |
| Symbol | Wolford |
Wolford Aktiengesellscha '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 Wolford Aktiengesellscha'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 Wolford Aktiengesellscha.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Wolford Aktiengesellscha on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Wolford Aktiengesellschaft or generate 0.0% return on investment in Wolford Aktiengesellscha over 30 days. Wolford Aktiengesellscha is related to or competes with EVN AG, AGRANA Beteiligungs, Schoeller Bleckmann, Andritz AG, and Semperit Aktiengesellscha. Wolford Aktiengesellschaft produces and markets legwear, ready-to-wear garments, lingerie, beachwear, and accessories in... More
Wolford Aktiengesellscha 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 Wolford Aktiengesellscha'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 Wolford Aktiengesellschaft upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 24.51 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 4.0 |
Wolford Aktiengesellscha Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wolford Aktiengesellscha's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wolford Aktiengesellscha's standard deviation. In reality, there are many statistical measures that can use Wolford Aktiengesellscha historical prices to predict the future Wolford Aktiengesellscha's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | (0.69) |
Wolford Aktiengesellscha Backtested Returns
Wolford Aktiengesellscha 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. Wolford Aktiengesellscha exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wolford Aktiengesellscha's Mean Deviation of 1.92, market risk adjusted performance of (0.68), and Standard Deviation of 3.5 to validate the risk estimate we provide. The firm maintains a market beta of 0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wolford Aktiengesellscha's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wolford Aktiengesellscha is expected to be smaller as well. At this point, Wolford Aktiengesellscha has a negative expected return of -0.41%. Please make sure to check out Wolford Aktiengesellscha's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Wolford Aktiengesellscha performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Wolford Aktiengesellschaft has very weak reverse predictability. Overlapping area represents the amount of predictability between Wolford Aktiengesellscha time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Wolford Aktiengesellscha price movement. The serial correlation of -0.03 indicates that only 3.0% of current Wolford Aktiengesellscha price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Wolford Aktiengesellscha lagged returns against current returns
Autocorrelation, which is Wolford Aktiengesellscha 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 Wolford Aktiengesellscha's stock expected returns. We can calculate the autocorrelation of Wolford Aktiengesellscha returns to help us make a trade decision. For example, suppose you find that Wolford Aktiengesellscha 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 |
Wolford Aktiengesellscha 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 Wolford Aktiengesellscha stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wolford Aktiengesellscha stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wolford Aktiengesellscha stock over time.
Current vs Lagged Prices |
| Timeline |
Wolford Aktiengesellscha Lagged Returns
When evaluating Wolford Aktiengesellscha's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wolford Aktiengesellscha stock have on its future price. Wolford Aktiengesellscha 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, Wolford Aktiengesellscha autocorrelation shows the relationship between Wolford Aktiengesellscha stock current value and its past values and can show if there is a momentum factor associated with investing in Wolford Aktiengesellschaft.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Wolford Stock
Wolford Aktiengesellscha financial ratios help investors to determine whether Wolford 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 Wolford with respect to the benefits of owning Wolford Aktiengesellscha security.