Gelsenwasser (Germany) Market Value
| WWG Stock | EUR 510.00 10.00 1.92% |
| 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.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Gelsenwasser on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Gelsenwasser AG or generate 0.0% return on investment in Gelsenwasser over 180 days. Gelsenwasser is related to or competes with United Utilities, Guangdong Investment, TTW Public, Superior Plus, SIVERS SEMICONDUCTORS, Identiv, and Intel. Gelsenwasser AG supplies gas, electricity, and water to people and businesses in Germany 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 AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 15.84 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 4.81 |
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 | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 0.3033 |
Gelsenwasser AG Backtested Returns
Gelsenwasser AG holds Efficiency (Sharpe) Ratio of -0.0277, which attests that the entity had a -0.0277% return per unit of risk over the last 3 months. Gelsenwasser AG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gelsenwasser's Standard Deviation of 2.81, market risk adjusted performance of 0.3133, and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gelsenwasser are expected to decrease at a much lower rate. During the bear market, Gelsenwasser is likely to outperform the market. At this point, Gelsenwasser AG has a negative expected return of -0.0772%. Please make sure to check out Gelsenwasser's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Gelsenwasser AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Gelsenwasser AG has good predictability. Overlapping area represents the amount of predictability between Gelsenwasser time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 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 Gelsenwasser AG price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Gelsenwasser price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 405.72 |
Gelsenwasser AG 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 AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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.