WideOpenWest (Germany) Market Value
| WU5 Stock | EUR 4.86 0.24 4.71% |
| Symbol | WideOpenWest |
WideOpenWest '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 WideOpenWest'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 WideOpenWest.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in WideOpenWest on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding WideOpenWest or generate 0.0% return on investment in WideOpenWest over 30 days. WideOpenWest is related to or competes with Comcast, Liberty Broadband, Roku, and Sporttotal. WideOpenWest, Inc. provides high speed data, cable television, and digital telephony services to residential and busines... More
WideOpenWest 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 WideOpenWest'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 WideOpenWest upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.39 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.69 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 3.95 |
WideOpenWest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WideOpenWest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WideOpenWest's standard deviation. In reality, there are many statistical measures that can use WideOpenWest historical prices to predict the future WideOpenWest's volatility.| Risk Adjusted Performance | 0.0118 | |||
| Jensen Alpha | 0.0416 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.02) |
WideOpenWest Backtested Returns
At this point, WideOpenWest is moderately volatile. WideOpenWest shows Sharpe Ratio of 0.0026, which attests that the company had a 0.0026% return per unit of risk over the last 3 months. We have found thirty technical indicators for WideOpenWest, which you can use to evaluate the volatility of the company. Please check out WideOpenWest's Market Risk Adjusted Performance of (0.01), mean deviation of 1.87, and Downside Deviation of 2.39 to validate if the risk estimate we provide is consistent with the expected return of 0.0073%. The firm maintains a market beta of -0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WideOpenWest are expected to decrease at a much lower rate. During the bear market, WideOpenWest is likely to outperform the market. WideOpenWest right now maintains a risk of 2.81%. Please check out WideOpenWest standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if WideOpenWest will be following its historical returns.
Auto-correlation | -0.34 |
Poor reverse predictability
WideOpenWest has poor reverse predictability. Overlapping area represents the amount of predictability between WideOpenWest time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 WideOpenWest price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current WideOpenWest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
WideOpenWest lagged returns against current returns
Autocorrelation, which is WideOpenWest 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 WideOpenWest's stock expected returns. We can calculate the autocorrelation of WideOpenWest returns to help us make a trade decision. For example, suppose you find that WideOpenWest 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 |
WideOpenWest 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 WideOpenWest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WideOpenWest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WideOpenWest stock over time.
Current vs Lagged Prices |
| Timeline |
WideOpenWest Lagged Returns
When evaluating WideOpenWest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WideOpenWest stock have on its future price. WideOpenWest 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, WideOpenWest autocorrelation shows the relationship between WideOpenWest stock current value and its past values and can show if there is a momentum factor associated with investing in WideOpenWest.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in WideOpenWest Stock
When determining whether WideOpenWest is a strong investment it is important to analyze WideOpenWest's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WideOpenWest's future performance. For an informed investment choice regarding WideOpenWest Stock, refer to the following important reports:Check out WideOpenWest Correlation, WideOpenWest Volatility and WideOpenWest Alpha and Beta module to complement your research on WideOpenWest. For more detail on how to invest in WideOpenWest Stock please use our How to Invest in WideOpenWest guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
WideOpenWest 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.