Wolverine World Wide Stock Market Value
| WWW Stock | USD 23.40 0.52 2.27% |
| Symbol | Wolverine |
Wolverine World Wide Price To Book Ratio
Is Textiles, Apparel & Luxury Goods 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 Wolverine World. If investors know Wolverine 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 Wolverine World 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 1.65 | Dividend Share 0.4 | Earnings Share (0.87) | Revenue Per Share 22.401 | Quarterly Revenue Growth (0.17) |
The market value of Wolverine World Wide is measured differently than its book value, which is the value of Wolverine that is recorded on the company's balance sheet. Investors also form their own opinion of Wolverine World's value that differs from its market value or its book value, called intrinsic value, which is Wolverine World'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 Wolverine World's market value can be influenced by many factors that don't directly affect Wolverine World'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 Wolverine World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wolverine World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wolverine World'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.
Wolverine World '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 Wolverine World'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 Wolverine World.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Wolverine World on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Wolverine World Wide or generate 0.0% return on investment in Wolverine World over 270 days. Wolverine World is related to or competes with Weyco, Rocky Brands, Vera Bradley, Continental, Steven Madden, and Designer Brands. Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and acc... More
Wolverine World 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 Wolverine World'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 Wolverine World Wide upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | 0.1868 | |||
| Maximum Drawdown | 38.54 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 6.82 |
Wolverine World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wolverine World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wolverine World's standard deviation. In reality, there are many statistical measures that can use Wolverine World historical prices to predict the future Wolverine World's volatility.| Risk Adjusted Performance | 0.1717 | |||
| Jensen Alpha | 0.9235 | |||
| Total Risk Alpha | 0.2677 | |||
| Sortino Ratio | 0.4878 | |||
| Treynor Ratio | 0.951 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wolverine World'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.
Wolverine World Wide Backtested Returns
Wolverine World appears to be somewhat reliable, given 3 months investment horizon. Wolverine World Wide shows Sharpe Ratio of 0.19, which attests that the company had a 0.19% return per unit of risk over the last 3 months. By examining Wolverine World's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please utilize Wolverine World's Downside Deviation of 1.92, market risk adjusted performance of 0.961, and Mean Deviation of 2.47 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wolverine World holds a performance score of 15. The firm maintains a market beta of 1.11, which attests to a somewhat significant risk relative to the market. Wolverine World returns are very sensitive to returns on the market. As the market goes up or down, Wolverine World is expected to follow. Please check Wolverine World's sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to make a quick decision on whether Wolverine World's historical returns will revert.
Auto-correlation | 0.66 |
Good predictability
Wolverine World Wide has good predictability. Overlapping area represents the amount of predictability between Wolverine World time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Wolverine World Wide price movement. The serial correlation of 0.66 indicates that around 66.0% of current Wolverine World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 8.36 |
Wolverine World Wide lagged returns against current returns
Autocorrelation, which is Wolverine World 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 Wolverine World's stock expected returns. We can calculate the autocorrelation of Wolverine World returns to help us make a trade decision. For example, suppose you find that Wolverine World 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 |
Wolverine World 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 Wolverine World stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wolverine World stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wolverine World stock over time.
Current vs Lagged Prices |
| Timeline |
Wolverine World Lagged Returns
When evaluating Wolverine World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wolverine World stock have on its future price. Wolverine World 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, Wolverine World autocorrelation shows the relationship between Wolverine World stock current value and its past values and can show if there is a momentum factor associated with investing in Wolverine World Wide.
Regressed Prices |
| Timeline |
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When running Wolverine World's price analysis, check to measure Wolverine World'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 Wolverine World is operating at the current time. Most of Wolverine World's value examination focuses on studying past and present price action to predict the probability of Wolverine World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wolverine World's price. Additionally, you may evaluate how the addition of Wolverine World to your portfolios can decrease your overall portfolio volatility.