WATSCO INC (Germany) Market Value
| WC30 Stock | EUR 414.00 0.00 0.00% |
| Symbol | WATSCO |
WATSCO INC '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 WATSCO INC'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 WATSCO INC.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in WATSCO INC on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding WATSCO INC B or generate 0.0% return on investment in WATSCO INC over 90 days. WATSCO INC is related to or competes with Apollo Medical, AVITA Medical, CVS Health, ScanSource, Bumrungrad Hospital, Cardinal Health, and Eidesvik Offshore. Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment and rel... More
WATSCO INC 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 WATSCO INC'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 WATSCO INC B upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.11 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.41 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 1.45 |
WATSCO INC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WATSCO INC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WATSCO INC's standard deviation. In reality, there are many statistical measures that can use WATSCO INC historical prices to predict the future WATSCO INC's volatility.| Risk Adjusted Performance | 0.0133 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0116 |
WATSCO INC B Backtested Returns
At this point, WATSCO INC is very steady. WATSCO INC B shows Sharpe Ratio of 0.0102, which attests that the company had a 0.0102% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for WATSCO INC B, which you can use to evaluate the volatility of the entity. Please check out WATSCO INC's Downside Deviation of 3.11, market risk adjusted performance of 0.0216, and Mean Deviation of 0.7113 to validate if the risk estimate we provide is consistent with the expected return of 0.0182%. The firm maintains a market beta of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WATSCO INC's returns are expected to increase less than the market. However, during the bear market, the loss of holding WATSCO INC is expected to be smaller as well. WATSCO INC B currently maintains a risk of 1.79%. Please check out WATSCO INC B value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if WATSCO INC B will be following its historical returns.
Auto-correlation | -0.58 |
Good reverse predictability
WATSCO INC B has good reverse predictability. Overlapping area represents the amount of predictability between WATSCO INC time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 WATSCO INC B price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current WATSCO INC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 120.38 |
WATSCO INC B lagged returns against current returns
Autocorrelation, which is WATSCO INC 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 WATSCO INC's stock expected returns. We can calculate the autocorrelation of WATSCO INC returns to help us make a trade decision. For example, suppose you find that WATSCO INC 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 |
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WATSCO INC 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 WATSCO INC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WATSCO INC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WATSCO INC stock over time.
Current vs Lagged Prices |
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WATSCO INC Lagged Returns
When evaluating WATSCO INC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WATSCO INC stock have on its future price. WATSCO INC 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, WATSCO INC autocorrelation shows the relationship between WATSCO INC stock current value and its past values and can show if there is a momentum factor associated with investing in WATSCO INC B.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in WATSCO Stock
WATSCO INC financial ratios help investors to determine whether WATSCO 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 WATSCO with respect to the benefits of owning WATSCO INC security.