Wix (Brazil) Market Value
| W1IX34 Stock | BRL 45.00 2.85 6.76% |
| Symbol | Wix |
Wix '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 Wix'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 Wix.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Wix on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Wix or generate 0.0% return on investment in Wix over 720 days. Wix is related to or competes with Adobe, S1NP34, Fortinet, Block, A1KA34, S1YM34, and Okta. Wix.com Ltd, together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create a... More
Wix 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 Wix'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 Wix upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | 0.1932 | |||
| Maximum Drawdown | 26.13 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 6.76 |
Wix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wix's standard deviation. In reality, there are many statistical measures that can use Wix historical prices to predict the future Wix's volatility.| Risk Adjusted Performance | 0.1681 | |||
| Jensen Alpha | 0.6929 | |||
| Total Risk Alpha | 0.6071 | |||
| Sortino Ratio | 0.2921 | |||
| Treynor Ratio | 1.18 |
Wix Backtested Returns
Wix appears to be very steady, given 3 months investment horizon. Wix shows Sharpe Ratio of 0.2, which attests that the company had a 0.2% return per unit of risk over the last 3 months. By examining Wix's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please utilize Wix's Market Risk Adjusted Performance of 1.19, downside deviation of 2.34, and Mean Deviation of 1.95 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wix holds a performance score of 16. The firm maintains a market beta of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wix's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wix is expected to be smaller as well. Please check Wix's potential upside, skewness, day median price, as well as the relationship between the semi variance and daily balance of power , to make a quick decision on whether Wix's historical returns will revert.
Auto-correlation | 0.38 |
Below average predictability
Wix has below average predictability. Overlapping area represents the amount of predictability between Wix time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Wix price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Wix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 41.57 |
Wix lagged returns against current returns
Autocorrelation, which is Wix 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 Wix's stock expected returns. We can calculate the autocorrelation of Wix returns to help us make a trade decision. For example, suppose you find that Wix 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 |
Wix 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 Wix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wix stock over time.
Current vs Lagged Prices |
| Timeline |
Wix Lagged Returns
When evaluating Wix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wix stock have on its future price. Wix 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, Wix autocorrelation shows the relationship between Wix stock current value and its past values and can show if there is a momentum factor associated with investing in Wix.
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 Wix Stock
Wix financial ratios help investors to determine whether Wix 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 Wix with respect to the benefits of owning Wix security.