Willscot Mobile Mini Stock Market Value
| WSC Stock | USD 36.30 0.86 2.43% |
| Symbol | Willscot |
Willscot Mobile Mini Price To Book Ratio
Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Willscot Mobile. If investors know Willscot will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Willscot Mobile listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.71) | Earnings Share 0.12 | Revenue Per Share 12.675 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0592 |
The market value of Willscot Mobile Mini is measured differently than its book value, which is the value of Willscot that is recorded on the company's balance sheet. Investors also form their own opinion of Willscot Mobile's value that differs from its market value or its book value, called intrinsic value, which is Willscot Mobile's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Willscot Mobile's market value can be influenced by many factors that don't directly affect Willscot Mobile's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Willscot Mobile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Willscot Mobile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Willscot Mobile'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.
Willscot Mobile '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 Willscot Mobile'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 Willscot Mobile.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Willscot Mobile on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Willscot Mobile Mini or generate 0.0% return on investment in Willscot Mobile over 720 days. Willscot Mobile is related to or competes with HE Equipment, GATX, McGrath RentCorp, Alta Equipment, Ryder System, Custom Truck, and Herc Holdings. WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, Mex... More
Willscot Mobile 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 Willscot Mobile'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 Willscot Mobile Mini upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.04 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 19.44 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 3.73 |
Willscot Mobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Willscot Mobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Willscot Mobile's standard deviation. In reality, there are many statistical measures that can use Willscot Mobile historical prices to predict the future Willscot Mobile's volatility.| Risk Adjusted Performance | 0.0094 | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Willscot Mobile's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Willscot Mobile Mini Backtested Returns
Willscot Mobile Mini shows Sharpe Ratio of -0.0205, which attests that the company had a -0.0205% return per unit of risk over the last 3 months. Willscot Mobile Mini exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Willscot Mobile's Mean Deviation of 1.92, downside deviation of 3.04, and Market Risk Adjusted Performance of 0.0087 to validate the risk estimate we provide. The firm maintains a market beta of 1.72, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Willscot Mobile will likely underperform. At this point, Willscot Mobile Mini has a negative expected return of -0.0604%. Please make sure to check out Willscot Mobile's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Willscot Mobile Mini performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Willscot Mobile Mini has good predictability. Overlapping area represents the amount of predictability between Willscot Mobile time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Willscot Mobile Mini price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Willscot Mobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 17.45 |
Willscot Mobile Mini lagged returns against current returns
Autocorrelation, which is Willscot Mobile 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 Willscot Mobile's stock expected returns. We can calculate the autocorrelation of Willscot Mobile returns to help us make a trade decision. For example, suppose you find that Willscot Mobile 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 |
Willscot Mobile 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 Willscot Mobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Willscot Mobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Willscot Mobile stock over time.
Current vs Lagged Prices |
| Timeline |
Willscot Mobile Lagged Returns
When evaluating Willscot Mobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Willscot Mobile stock have on its future price. Willscot Mobile 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, Willscot Mobile autocorrelation shows the relationship between Willscot Mobile stock current value and its past values and can show if there is a momentum factor associated with investing in Willscot Mobile Mini.
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 determining whether Willscot Mobile Mini offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Willscot Mobile's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Willscot Mobile Mini Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Willscot Mobile Mini Stock:Check out Willscot Mobile Correlation, Willscot Mobile Volatility and Willscot Mobile Alpha and Beta module to complement your research on Willscot Mobile. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Willscot Mobile technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.