WH Smith (UK) Market Value
| SMWH Stock | 1,232 5.00 0.40% |
| Symbol | SMWH |
WH Smith '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 WH Smith'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 WH Smith.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in WH Smith on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding WH Smith PLC or generate 0.0% return on investment in WH Smith over 720 days. WH Smith is related to or competes with Cornish Metals, Invesco Physical, Blackrock World, Eastinco Mining, McEwen Mining, Beowulf Mining, and Neometals. WH Smith is entity of United Kingdom. It is traded as Stock on LSE exchange. More
WH Smith 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 WH Smith'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 WH Smith PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 7.4 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.07 |
WH Smith Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WH Smith's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WH Smith's standard deviation. In reality, there are many statistical measures that can use WH Smith historical prices to predict the future WH Smith's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (1.01) |
WH Smith PLC Backtested Returns
WH Smith PLC retains Efficiency (Sharpe Ratio) of -0.13, which attests that the company had a -0.13% return per unit of price deviation over the last 3 months. WH Smith exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WH Smith's market risk adjusted performance of (1.00), and Information Ratio of (0.18) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WH Smith's returns are expected to increase less than the market. However, during the bear market, the loss of holding WH Smith is expected to be smaller as well. At this point, WH Smith PLC has a negative expected return of -0.17%. Please make sure to check out WH Smith's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if WH Smith PLC performance from the past will be repeated sooner or later.
Auto-correlation | -0.7 |
Very good reverse predictability
WH Smith PLC has very good reverse predictability. Overlapping area represents the amount of predictability between WH Smith time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th of December 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 WH Smith PLC price movement. The serial correlation of -0.7 indicates that around 70.0% of current WH Smith price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 7585.34 |
WH Smith PLC lagged returns against current returns
Autocorrelation, which is WH Smith 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 WH Smith's stock expected returns. We can calculate the autocorrelation of WH Smith returns to help us make a trade decision. For example, suppose you find that WH Smith 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 |
WH Smith 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 WH Smith stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WH Smith stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WH Smith stock over time.
Current vs Lagged Prices |
| Timeline |
WH Smith Lagged Returns
When evaluating WH Smith's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WH Smith stock have on its future price. WH Smith 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, WH Smith autocorrelation shows the relationship between WH Smith stock current value and its past values and can show if there is a momentum factor associated with investing in WH Smith PLC.
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 SMWH Stock Analysis
When running WH Smith's price analysis, check to measure WH Smith'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 WH Smith is operating at the current time. Most of WH Smith's value examination focuses on studying past and present price action to predict the probability of WH Smith's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WH Smith's price. Additionally, you may evaluate how the addition of WH Smith to your portfolios can decrease your overall portfolio volatility.