WYNDHAM DESTINATIONS INC Market Value
| 98310WAS7 | 99.90 1.68 1.65% |
| Symbol | WYNDHAM |
WYNDHAM '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 WYNDHAM's bond 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 WYNDHAM.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in WYNDHAM on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding WYNDHAM DESTINATIONS INC or generate 0.0% return on investment in WYNDHAM over 90 days. WYNDHAM is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
WYNDHAM 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 WYNDHAM's bond 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 WYNDHAM DESTINATIONS INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.49 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.4512 |
WYNDHAM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WYNDHAM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WYNDHAM's standard deviation. In reality, there are many statistical measures that can use WYNDHAM historical prices to predict the future WYNDHAM's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 2.45 |
WYNDHAM DESTINATIONS INC Backtested Returns
WYNDHAM DESTINATIONS INC shows Sharpe Ratio of -0.0896, which attests that the bond had a -0.0896% return per unit of standard deviation over the last 3 months. WYNDHAM DESTINATIONS INC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WYNDHAM's Risk Adjusted Performance of (0.01), mean deviation of 0.4971, and Standard Deviation of 1.23 to validate the risk estimate we provide. The entity maintains a market beta of -0.0116, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WYNDHAM are expected to decrease at a much lower rate. During the bear market, WYNDHAM is likely to outperform the market.
Auto-correlation | 0.32 |
Below average predictability
WYNDHAM DESTINATIONS INC has below average predictability. Overlapping area represents the amount of predictability between WYNDHAM time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 WYNDHAM DESTINATIONS INC price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current WYNDHAM price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.18 |
WYNDHAM DESTINATIONS INC lagged returns against current returns
Autocorrelation, which is WYNDHAM bond'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 WYNDHAM's bond expected returns. We can calculate the autocorrelation of WYNDHAM returns to help us make a trade decision. For example, suppose you find that WYNDHAM has exhibited high autocorrelation historically, and you observe that the bond 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 |
WYNDHAM 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 WYNDHAM bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WYNDHAM bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WYNDHAM bond over time.
Current vs Lagged Prices |
| Timeline |
WYNDHAM Lagged Returns
When evaluating WYNDHAM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WYNDHAM bond have on its future price. WYNDHAM 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, WYNDHAM autocorrelation shows the relationship between WYNDHAM bond current value and its past values and can show if there is a momentum factor associated with investing in WYNDHAM DESTINATIONS INC.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in WYNDHAM Bond
WYNDHAM financial ratios help investors to determine whether WYNDHAM Bond 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 WYNDHAM with respect to the benefits of owning WYNDHAM security.