Watts Water Technologies Stock Market Value
| WTS Stock | USD 210.80 4.24 2.05% |
| Symbol | Watts |
Watts Water Technologies Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Watts Water. If investors know Watts 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 Watts Water 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 0.051 | Dividend Share 1.58 | Earnings Share 8.35 | Revenue Per Share 67.492 | Quarterly Revenue Growth 0.078 |
The market value of Watts Water Technologies is measured differently than its book value, which is the value of Watts that is recorded on the company's balance sheet. Investors also form their own opinion of Watts Water's value that differs from its market value or its book value, called intrinsic value, which is Watts Water'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 Watts Water's market value can be influenced by many factors that don't directly affect Watts Water'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 Watts Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if Watts Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Watts Water'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.
Watts Water '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 Watts Water'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 Watts Water.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Watts Water on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Watts Water Technologies or generate 0.0% return on investment in Watts Water over 30 days. Watts Water is related to or competes with IDEX, Donaldson, Gorman Rupp, Enerpac Tool, Graco, Franklin Electric, and Ametek. Watts Water Technologies, Inc. designs, manufactures, and sells products, solution, and systems that manage and conserve... More
Watts Water 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 Watts Water'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 Watts Water Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | 0.0663 | |||
| Maximum Drawdown | 8.63 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 2.15 |
Watts Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Watts Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Watts Water's standard deviation. In reality, there are many statistical measures that can use Watts Water historical prices to predict the future Watts Water's volatility.| Risk Adjusted Performance | 0.1136 | |||
| Jensen Alpha | 0.053 | |||
| Total Risk Alpha | 0.0077 | |||
| Sortino Ratio | 0.079 | |||
| Treynor Ratio | 0.1367 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Watts Water'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.
Watts Water Technologies Backtested Returns
Currently, Watts Water Technologies is very steady. Watts Water Technologies shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Watts Water Technologies, which you can use to evaluate the volatility of the company. Please check out Watts Water's Market Risk Adjusted Performance of 0.1467, mean deviation of 1.03, and Downside Deviation of 1.2 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Watts Water has a performance score of 8 on a scale of 0 to 100. The firm maintains a market beta of 1.42, 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, Watts Water will likely underperform. Watts Water Technologies right now maintains a risk of 1.42%. Please check out Watts Water Technologies sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if Watts Water Technologies will be following its historical returns.
Auto-correlation | 0.02 |
Virtually no predictability
Watts Water Technologies has virtually no predictability. Overlapping area represents the amount of predictability between Watts Water 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 Watts Water Technologies price movement. The serial correlation of 0.02 indicates that only 2.0% of current Watts Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 3.9 |
Watts Water Technologies lagged returns against current returns
Autocorrelation, which is Watts Water 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 Watts Water's stock expected returns. We can calculate the autocorrelation of Watts Water returns to help us make a trade decision. For example, suppose you find that Watts Water 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 |
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Watts Water 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 Watts Water stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Watts Water stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Watts Water stock over time.
Current vs Lagged Prices |
| Timeline |
Watts Water Lagged Returns
When evaluating Watts Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Watts Water stock have on its future price. Watts Water 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, Watts Water autocorrelation shows the relationship between Watts Water stock current value and its past values and can show if there is a momentum factor associated with investing in Watts Water Technologies.
Regressed Prices |
| Timeline |
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Additional Tools for Watts Stock Analysis
When running Watts Water's price analysis, check to measure Watts Water's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Watts Water is operating at the current time. Most of Watts Water's value examination focuses on studying past and present price action to predict the probability of Watts Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Watts Water's price. Additionally, you may evaluate how the addition of Watts Water to your portfolios can decrease your overall portfolio volatility.