Woolworths Group (Germany) Market Value
| WWR Stock | EUR 18.30 0.10 0.54% |
| Symbol | Woolworths |
Woolworths Group '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 Woolworths Group'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 Woolworths Group.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Woolworths Group on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Woolworths Group Limited or generate 0.0% return on investment in Woolworths Group over 60 days. Woolworths Group is related to or competes with DIVERSIFIED ROYALTY, Harmony Gold, GREENX METALS, CDL INVESTMENT, MCEWEN MINING, and SEI INVESTMENTS. It operates through Australian Food, New Zealand Food, Endeavour Drinks, BIG W, Hotels, and Other segments More
Woolworths Group 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 Woolworths Group'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 Woolworths Group Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 9.48 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.0 |
Woolworths Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Woolworths Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Woolworths Group's standard deviation. In reality, there are many statistical measures that can use Woolworths Group historical prices to predict the future Woolworths Group's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (4.60) |
Woolworths Group Backtested Returns
Woolworths Group shows Sharpe Ratio of -0.12, which attests that the company had a -0.12% return per unit of risk over the last 3 months. Woolworths Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Woolworths Group's Market Risk Adjusted Performance of (4.59), standard deviation of 1.5, and Mean Deviation of 1.06 to validate the risk estimate we provide. The firm maintains a market beta of 0.0425, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Woolworths Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Woolworths Group is expected to be smaller as well. At this point, Woolworths Group has a negative expected return of -0.19%. Please make sure to check out Woolworths Group's potential upside, rate of daily change, period momentum indicator, as well as the relationship between the kurtosis and day typical price , to decide if Woolworths Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Woolworths Group Limited has virtually no predictability. Overlapping area represents the amount of predictability between Woolworths Group time series from 24th of September 2024 to 24th of October 2024 and 24th of October 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 Woolworths Group price movement. The serial correlation of 0.02 indicates that only 2.0% of current Woolworths Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Woolworths Group lagged returns against current returns
Autocorrelation, which is Woolworths Group 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 Woolworths Group's stock expected returns. We can calculate the autocorrelation of Woolworths Group returns to help us make a trade decision. For example, suppose you find that Woolworths Group 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 |
Woolworths Group 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 Woolworths Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Woolworths Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Woolworths Group stock over time.
Current vs Lagged Prices |
| Timeline |
Woolworths Group Lagged Returns
When evaluating Woolworths Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Woolworths Group stock have on its future price. Woolworths Group 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, Woolworths Group autocorrelation shows the relationship between Woolworths Group stock current value and its past values and can show if there is a momentum factor associated with investing in Woolworths Group Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Woolworths Stock
Woolworths Group financial ratios help investors to determine whether Woolworths 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 Woolworths with respect to the benefits of owning Woolworths Group security.