Whitestone (Belgium) Market Value
| ROCK Stock | 11.70 0.20 1.68% |
| Symbol | Whitestone |
Whitestone '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 Whitestone'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 Whitestone.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Whitestone on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Whitestone Group or generate 0.0% return on investment in Whitestone over 30 days. Whitestone is related to or competes with Zimplats Holdings, Keyware Technologies, Exmar NV, Unifiedpost Group, Montea CVA, Biocartis Group, and Elia Group. More
Whitestone 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 Whitestone'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 Whitestone Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.61 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 2.59 |
Whitestone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Whitestone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Whitestone's standard deviation. In reality, there are many statistical measures that can use Whitestone historical prices to predict the future Whitestone's volatility.| Risk Adjusted Performance | 2.0E-4 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.04) |
Whitestone Group Backtested Returns
Currently, Whitestone Group is very steady. Whitestone Group shows Sharpe Ratio of 0.0169, which attests that the company had a 0.0169% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Whitestone Group, which you can use to evaluate the volatility of the company. Please check out Whitestone's Mean Deviation of 0.6183, market risk adjusted performance of (0.03), and Standard Deviation of 1.22 to validate if the risk estimate we provide is consistent with the expected return of 0.0204%. Whitestone has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Whitestone's returns are expected to increase less than the market. However, during the bear market, the loss of holding Whitestone is expected to be smaller as well. Whitestone Group right now maintains a risk of 1.21%. Please check out Whitestone Group information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if Whitestone Group will be following its historical returns.
Auto-correlation | 0.29 |
Poor predictability
Whitestone Group has poor predictability. Overlapping area represents the amount of predictability between Whitestone time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Whitestone Group price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Whitestone price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Whitestone Group lagged returns against current returns
Autocorrelation, which is Whitestone 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 Whitestone's stock expected returns. We can calculate the autocorrelation of Whitestone returns to help us make a trade decision. For example, suppose you find that Whitestone 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 |
Whitestone 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 Whitestone stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Whitestone stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Whitestone stock over time.
Current vs Lagged Prices |
| Timeline |
Whitestone Lagged Returns
When evaluating Whitestone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Whitestone stock have on its future price. Whitestone 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, Whitestone autocorrelation shows the relationship between Whitestone stock current value and its past values and can show if there is a momentum factor associated with investing in Whitestone Group.
Regressed Prices |
| Timeline |
Pair Trading with Whitestone
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Whitestone position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Whitestone will appreciate offsetting losses from the drop in the long position's value.Moving against Whitestone Stock
The ability to find closely correlated positions to Whitestone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Whitestone when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Whitestone - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Whitestone Group to buy it.
The correlation of Whitestone is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Whitestone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Whitestone Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Whitestone can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Whitestone Stock Analysis
When running Whitestone's price analysis, check to measure Whitestone'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 Whitestone is operating at the current time. Most of Whitestone's value examination focuses on studying past and present price action to predict the probability of Whitestone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Whitestone's price. Additionally, you may evaluate how the addition of Whitestone to your portfolios can decrease your overall portfolio volatility.