John Wood (UK) Market Value
| WG Stock | 52.90 0.95 1.76% |
| Symbol | John |
John Wood '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 John Wood'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 John Wood.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in John Wood on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding John Wood Group or generate 0.0% return on investment in John Wood over 180 days. John Wood is related to or competes with Charter Communications, Spotify Technology, Spirent Communications, X FAB, DXC Technology, Check Point, and Cairo Communication. John Wood is entity of United Kingdom. It is traded as Stock on LSE exchange. More
John Wood 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 John Wood'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 John Wood Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 65.26 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 5.5 |
John Wood Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for John Wood's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as John Wood's standard deviation. In reality, there are many statistical measures that can use John Wood historical prices to predict the future John Wood's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (2.21) | |||
| Treynor Ratio | 0.1631 |
John Wood Group Backtested Returns
John Wood Group holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. John Wood Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out John Wood's Standard Deviation of 8.18, risk adjusted performance of (0.07), and Market Risk Adjusted Performance of 0.1731 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -5.19, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning John Wood are expected to decrease by larger amounts. On the other hand, during market turmoil, John Wood is expected to outperform it. At this point, John Wood Group has a negative expected return of -0.88%. Please make sure to check out John Wood's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if John Wood Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.84 |
Very good predictability
John Wood Group has very good predictability. Overlapping area represents the amount of predictability between John Wood time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 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 John Wood Group price movement. The serial correlation of 0.84 indicates that around 84.0% of current John Wood price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 1022.8 |
John Wood Group lagged returns against current returns
Autocorrelation, which is John Wood 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 John Wood's stock expected returns. We can calculate the autocorrelation of John Wood returns to help us make a trade decision. For example, suppose you find that John Wood 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 |
John Wood 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 John Wood stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if John Wood stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in John Wood stock over time.
Current vs Lagged Prices |
| Timeline |
John Wood Lagged Returns
When evaluating John Wood's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of John Wood stock have on its future price. John Wood 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, John Wood autocorrelation shows the relationship between John Wood stock current value and its past values and can show if there is a momentum factor associated with investing in John Wood Group.
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 John Stock
John Wood financial ratios help investors to determine whether John 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 John with respect to the benefits of owning John Wood security.