Wynn Resorts (Mexico) Market Value
| WYNN Stock | MXN 1,903 13.23 0.70% |
| Symbol | Wynn |
Wynn Resorts '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 Wynn Resorts' 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 Wynn Resorts.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Wynn Resorts on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Wynn Resorts Limited or generate 0.0% return on investment in Wynn Resorts over 30 days. Wynn Resorts is related to or competes with MGM Resorts, Glencore Plc. Wynn Resorts, Limited owns and operates destination casino resorts More
Wynn Resorts 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 Wynn Resorts' 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 Wynn Resorts Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.72 | |||
| Information Ratio | 0.1077 | |||
| Maximum Drawdown | 20.85 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 4.34 |
Wynn Resorts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wynn Resorts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wynn Resorts' standard deviation. In reality, there are many statistical measures that can use Wynn Resorts historical prices to predict the future Wynn Resorts' volatility.| Risk Adjusted Performance | 0.1255 | |||
| Jensen Alpha | 0.5834 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1117 | |||
| Treynor Ratio | (0.32) |
Wynn Resorts Limited Backtested Returns
Wynn Resorts appears to be very steady, given 3 months investment horizon. Wynn Resorts Limited shows Sharpe Ratio of 0.16, which attests that the company had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Wynn Resorts Limited, which you can use to evaluate the volatility of the company. Please utilize Wynn Resorts' Mean Deviation of 1.83, market risk adjusted performance of (0.31), and Downside Deviation of 2.72 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wynn Resorts holds a performance score of 12. The firm maintains a market beta of -1.32, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Wynn Resorts are expected to decrease by larger amounts. On the other hand, during market turmoil, Wynn Resorts is expected to outperform it. Please check Wynn Resorts' treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Wynn Resorts' historical returns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Wynn Resorts Limited has good reverse predictability. Overlapping area represents the amount of predictability between Wynn Resorts time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Wynn Resorts Limited price movement. The serial correlation of -0.53 indicates that about 53.0% of current Wynn Resorts price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 3206.23 |
Wynn Resorts Limited lagged returns against current returns
Autocorrelation, which is Wynn Resorts 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 Wynn Resorts' stock expected returns. We can calculate the autocorrelation of Wynn Resorts returns to help us make a trade decision. For example, suppose you find that Wynn Resorts 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 |
Wynn Resorts 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 Wynn Resorts stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wynn Resorts stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wynn Resorts stock over time.
Current vs Lagged Prices |
| Timeline |
Wynn Resorts Lagged Returns
When evaluating Wynn Resorts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wynn Resorts stock have on its future price. Wynn Resorts 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, Wynn Resorts autocorrelation shows the relationship between Wynn Resorts stock current value and its past values and can show if there is a momentum factor associated with investing in Wynn Resorts Limited.
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.Additional Tools for Wynn Stock Analysis
When running Wynn Resorts' price analysis, check to measure Wynn Resorts' 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 Wynn Resorts is operating at the current time. Most of Wynn Resorts' value examination focuses on studying past and present price action to predict the probability of Wynn Resorts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wynn Resorts' price. Additionally, you may evaluate how the addition of Wynn Resorts to your portfolios can decrease your overall portfolio volatility.