WOODSIDE ENE (Germany) Market Value
| WOP Stock | EUR 15.10 0.60 4.14% |
| Symbol | WOODSIDE |
WOODSIDE ENE '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 WOODSIDE ENE'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 WOODSIDE ENE.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in WOODSIDE ENE on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding WOODSIDE ENE SPADR or generate 0.0% return on investment in WOODSIDE ENE over 30 days. WOODSIDE ENE is related to or competes with Consolidated Communications, Spirent Communications, Ubisoft Entertainment, ATRESMEDIA, and Highlight Communications. Woodside Petroleum Ltd engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarb... More
WOODSIDE ENE 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 WOODSIDE ENE'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 WOODSIDE ENE SPADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.33 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.92 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 6.29 |
WOODSIDE ENE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WOODSIDE ENE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WOODSIDE ENE's standard deviation. In reality, there are many statistical measures that can use WOODSIDE ENE historical prices to predict the future WOODSIDE ENE's volatility.| Risk Adjusted Performance | 0.0113 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0049 |
WOODSIDE ENE SPADR Backtested Returns
WOODSIDE ENE SPADR shows Sharpe Ratio of -0.0041, which attests that the company had a -0.0041% return per unit of standard deviation over the last 3 months. WOODSIDE ENE SPADR exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WOODSIDE ENE's Downside Deviation of 3.33, mean deviation of 2.05, and Risk Adjusted Performance of 0.0113 to validate the risk estimate we provide. The firm maintains a market beta of 1.05, which attests to a somewhat significant risk relative to the market. WOODSIDE ENE returns are very sensitive to returns on the market. As the market goes up or down, WOODSIDE ENE is expected to follow. At this point, WOODSIDE ENE SPADR has a negative expected return of -0.0124%. Please make sure to check out WOODSIDE ENE's treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to decide if WOODSIDE ENE SPADR performance from the past will be repeated at some future point.
Auto-correlation | 0.33 |
Below average predictability
WOODSIDE ENE SPADR has below average predictability. Overlapping area represents the amount of predictability between WOODSIDE ENE time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 WOODSIDE ENE SPADR price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current WOODSIDE ENE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
WOODSIDE ENE SPADR lagged returns against current returns
Autocorrelation, which is WOODSIDE ENE 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 WOODSIDE ENE's stock expected returns. We can calculate the autocorrelation of WOODSIDE ENE returns to help us make a trade decision. For example, suppose you find that WOODSIDE ENE 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 |
WOODSIDE ENE 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 WOODSIDE ENE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WOODSIDE ENE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WOODSIDE ENE stock over time.
Current vs Lagged Prices |
| Timeline |
WOODSIDE ENE Lagged Returns
When evaluating WOODSIDE ENE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WOODSIDE ENE stock have on its future price. WOODSIDE ENE 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, WOODSIDE ENE autocorrelation shows the relationship between WOODSIDE ENE stock current value and its past values and can show if there is a momentum factor associated with investing in WOODSIDE ENE SPADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in WOODSIDE Stock
WOODSIDE ENE financial ratios help investors to determine whether WOODSIDE 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 WOODSIDE with respect to the benefits of owning WOODSIDE ENE security.