GELSENWASSER (Germany) Market Value
| WWG Stock | EUR 500.00 20.00 3.85% |
| Symbol | GELSENWASSER |
GELSENWASSER '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 GELSENWASSER'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 GELSENWASSER.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in GELSENWASSER on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding GELSENWASSER or generate 0.0% return on investment in GELSENWASSER over 30 days. GELSENWASSER is related to or competes with T-Mobile, Bank of America, China BlueChemical, T-MOBILE, WESTLAKE CHEMICAL, Soken Chemical, and Charter Communications. More
GELSENWASSER 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 GELSENWASSER'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 GELSENWASSER upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.96 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 2.97 |
GELSENWASSER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GELSENWASSER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GELSENWASSER's standard deviation. In reality, there are many statistical measures that can use GELSENWASSER historical prices to predict the future GELSENWASSER's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.26) |
GELSENWASSER Backtested Returns
GELSENWASSER holds Efficiency (Sharpe) Ratio of -0.0959, which attests that the entity had a -0.0959% return per unit of risk over the last 3 months. GELSENWASSER exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GELSENWASSER's Market Risk Adjusted Performance of (0.25), risk adjusted performance of (0.04), and Coefficient Of Variation of (1,850) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GELSENWASSER's returns are expected to increase less than the market. However, during the bear market, the loss of holding GELSENWASSER is expected to be smaller as well. At this point, GELSENWASSER has a negative expected return of -0.17%. Please make sure to check out GELSENWASSER's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if GELSENWASSER performance from the past will be repeated in the future.
Auto-correlation | -0.27 |
Weak reverse predictability
GELSENWASSER has weak reverse predictability. Overlapping area represents the amount of predictability between GELSENWASSER 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 GELSENWASSER price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current GELSENWASSER price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 90.08 |
GELSENWASSER lagged returns against current returns
Autocorrelation, which is GELSENWASSER 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 GELSENWASSER's stock expected returns. We can calculate the autocorrelation of GELSENWASSER returns to help us make a trade decision. For example, suppose you find that GELSENWASSER 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 |
GELSENWASSER 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 GELSENWASSER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GELSENWASSER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GELSENWASSER stock over time.
Current vs Lagged Prices |
| Timeline |
GELSENWASSER Lagged Returns
When evaluating GELSENWASSER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GELSENWASSER stock have on its future price. GELSENWASSER 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, GELSENWASSER autocorrelation shows the relationship between GELSENWASSER stock current value and its past values and can show if there is a momentum factor associated with investing in GELSENWASSER.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in GELSENWASSER Stock
GELSENWASSER financial ratios help investors to determine whether GELSENWASSER 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 GELSENWASSER with respect to the benefits of owning GELSENWASSER security.