Werner Enterprises (Germany) Market Value
| WE1 Stock | EUR 37.80 0.60 1.61% |
| Symbol | Werner |
Werner Enterprises '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 Werner Enterprises' 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 Werner Enterprises.
| 05/23/2023 |
| 12/13/2024 |
If you would invest 0.00 in Werner Enterprises on May 23, 2023 and sell it all today you would earn a total of 0.00 from holding Werner Enterprises or generate 0.0% return on investment in Werner Enterprises over 570 days. Werner Enterprises is related to or competes with MACOM Technology, TRAINLINE PLC, COPLAND ROAD, SCOTT TECHNOLOGY, Casio Computer, and Texas Roadhouse. Werner Enterprises, Inc., a transportation and logistics company, engages in transporting truckload shipments of general... More
Werner Enterprises 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 Werner Enterprises' 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 Werner Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.0754 | |||
| Maximum Drawdown | 9.92 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 3.16 |
Werner Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Werner Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Werner Enterprises' standard deviation. In reality, there are many statistical measures that can use Werner Enterprises historical prices to predict the future Werner Enterprises' volatility.| Risk Adjusted Performance | 0.1062 | |||
| Jensen Alpha | 0.09 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0975 | |||
| Treynor Ratio | 0.1644 |
Werner Enterprises Backtested Returns
Werner Enterprises appears to be very steady, given 3 months investment horizon. Werner Enterprises shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Werner Enterprises, which you can use to evaluate the volatility of the company. Please utilize Werner Enterprises' Market Risk Adjusted Performance of 0.1744, downside deviation of 1.38, and Mean Deviation of 1.36 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Werner Enterprises holds a performance score of 9. The firm maintains a market beta of 1.44, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Werner Enterprises will likely underperform. Please check Werner Enterprises' treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Werner Enterprises' historical returns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Werner Enterprises has virtually no predictability. Overlapping area represents the amount of predictability between Werner Enterprises time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 2024 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 Werner Enterprises price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Werner Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 2.53 |
Werner Enterprises lagged returns against current returns
Autocorrelation, which is Werner Enterprises 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 Werner Enterprises' stock expected returns. We can calculate the autocorrelation of Werner Enterprises returns to help us make a trade decision. For example, suppose you find that Werner Enterprises 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 |
Werner Enterprises 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 Werner Enterprises stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Werner Enterprises stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Werner Enterprises stock over time.
Current vs Lagged Prices |
| Timeline |
Werner Enterprises Lagged Returns
When evaluating Werner Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Werner Enterprises stock have on its future price. Werner Enterprises 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, Werner Enterprises autocorrelation shows the relationship between Werner Enterprises stock current value and its past values and can show if there is a momentum factor associated with investing in Werner Enterprises.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Werner Stock
When determining whether Werner Enterprises offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Werner Enterprises' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Werner Enterprises Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Werner Enterprises Stock:Check out Werner Enterprises Correlation, Werner Enterprises Volatility and Werner Enterprises Alpha and Beta module to complement your research on Werner Enterprises. For more detail on how to invest in Werner Stock please use our How to Invest in Werner Enterprises guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Werner Enterprises technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.