Watches Of Switzerland Stock Market Value
| WOSGF Stock | USD 5.96 0.24 4.20% |
| Symbol | Watches |
Watches Of '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 Watches Of's pink sheet 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 Watches Of.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Watches Of on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Watches of Switzerland or generate 0.0% return on investment in Watches Of over 720 days. Watches Of is related to or competes with Brunello Cucinelli, Swatch Group, Prada Spa, Christian Dior, Prada SpA, Compagnie Financiere, and Kering SA. Watches of Switzerland Group PLC operates as a retailer of luxury watches More
Watches Of 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 Watches Of's pink sheet 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 Watches of Switzerland upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 23.25 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 5.35 |
Watches Of Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Watches Of's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Watches Of's standard deviation. In reality, there are many statistical measures that can use Watches Of historical prices to predict the future Watches Of's volatility.| Risk Adjusted Performance | 0.0262 | |||
| Jensen Alpha | 0.0584 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 1.23 |
Watches of Switzerland Backtested Returns
Watches Of appears to be slightly risky, given 3 months investment horizon. Watches of Switzerland shows Sharpe Ratio of 0.0824, which attests that the company had a 0.0824% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Watches of Switzerland, which you can use to evaluate the volatility of the company. Please utilize Watches Of's Mean Deviation of 1.66, downside deviation of 3.07, and Market Risk Adjusted Performance of 1.24 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Watches Of holds a performance score of 6. The firm maintains a market beta of 0.0525, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Watches Of's returns are expected to increase less than the market. However, during the bear market, the loss of holding Watches Of is expected to be smaller as well. Please check Watches Of's potential upside, as well as the relationship between the skewness and day median price , to make a quick decision on whether Watches Of's historical returns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Watches of Switzerland has insignificant predictability. Overlapping area represents the amount of predictability between Watches Of time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Watches of Switzerland price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Watches Of price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 1.43 |
Watches of Switzerland lagged returns against current returns
Autocorrelation, which is Watches Of pink sheet'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 Watches Of's pink sheet expected returns. We can calculate the autocorrelation of Watches Of returns to help us make a trade decision. For example, suppose you find that Watches Of has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Watches Of 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 Watches Of pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Watches Of pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Watches Of pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Watches Of Lagged Returns
When evaluating Watches Of's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Watches Of pink sheet have on its future price. Watches Of 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, Watches Of autocorrelation shows the relationship between Watches Of pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Watches of Switzerland.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Watches Pink Sheet
Watches Of financial ratios help investors to determine whether Watches Pink Sheet 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 Watches with respect to the benefits of owning Watches Of security.