WOORI FIN (Germany) Market Value
| 2WGA Stock | EUR 32.20 0.40 1.23% |
| Symbol | WOORI |
WOORI FIN '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 WOORI FIN'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 WOORI FIN.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in WOORI FIN on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding WOORI FIN GRP or generate 0.0% return on investment in WOORI FIN over 90 days. WOORI FIN is related to or competes with SIDETRADE, REVO INSURANCE, Direct Line, Japan Post, United Insurance, Reinsurance Group, and Universal Insurance. Woori Financial Group Inc., together with its subsidiaries, operates as a commercial bank that provides a range of finan... More
WOORI FIN 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 WOORI FIN'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 WOORI FIN GRP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.4 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 20.31 | |||
| Value At Risk | (5.40) | |||
| Potential Upside | 3.99 |
WOORI FIN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WOORI FIN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WOORI FIN's standard deviation. In reality, there are many statistical measures that can use WOORI FIN historical prices to predict the future WOORI FIN's volatility.| Risk Adjusted Performance | 0.0402 | |||
| Jensen Alpha | 0.0805 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.3712 |
WOORI FIN GRP Backtested Returns
At this point, WOORI FIN is not too volatile. WOORI FIN GRP shows Sharpe Ratio of 0.0533, which attests that the company had a 0.0533% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for WOORI FIN GRP, which you can use to evaluate the volatility of the company. Please check out WOORI FIN's Risk Adjusted Performance of 0.0402, downside deviation of 4.4, and Mean Deviation of 1.77 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. WOORI FIN has a performance score of 4 on a scale of 0 to 100. The firm maintains a market beta of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WOORI FIN's returns are expected to increase less than the market. However, during the bear market, the loss of holding WOORI FIN is expected to be smaller as well. WOORI FIN GRP presently maintains a risk of 3.1%. Please check out WOORI FIN GRP standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if WOORI FIN GRP will be following its historical returns.
Auto-correlation | -0.04 |
Very weak reverse predictability
WOORI FIN GRP has very weak reverse predictability. Overlapping area represents the amount of predictability between WOORI FIN time series from 1st of September 2024 to 16th of October 2024 and 16th of October 2024 to 30th 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 WOORI FIN GRP price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current WOORI FIN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
WOORI FIN GRP lagged returns against current returns
Autocorrelation, which is WOORI FIN 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 WOORI FIN's stock expected returns. We can calculate the autocorrelation of WOORI FIN returns to help us make a trade decision. For example, suppose you find that WOORI FIN 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 |
WOORI FIN 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 WOORI FIN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WOORI FIN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WOORI FIN stock over time.
Current vs Lagged Prices |
| Timeline |
WOORI FIN Lagged Returns
When evaluating WOORI FIN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WOORI FIN stock have on its future price. WOORI FIN 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, WOORI FIN autocorrelation shows the relationship between WOORI FIN stock current value and its past values and can show if there is a momentum factor associated with investing in WOORI FIN GRP.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in WOORI Stock
WOORI FIN financial ratios help investors to determine whether WOORI 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 WOORI with respect to the benefits of owning WOORI FIN security.