Naked Wines (UK) Market Value
| WINE Stock | 50.70 0.70 1.40% |
| Symbol | Naked |
Naked Wines '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 Naked Wines' 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 Naked Wines.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Naked Wines on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Naked Wines plc or generate 0.0% return on investment in Naked Wines over 30 days. Naked Wines is related to or competes with Microchip Technology, Sabien Technology, Auction Technology, Sabre Insurance, Playtech Plc, Vienna Insurance, and Ashtead Technology. Naked Wines is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Naked Wines 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 Naked Wines' 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 Naked Wines plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.04 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 3.65 |
Naked Wines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Naked Wines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Naked Wines' standard deviation. In reality, there are many statistical measures that can use Naked Wines historical prices to predict the future Naked Wines' volatility.| Risk Adjusted Performance | 0.0029 | |||
| Jensen Alpha | 0.0766 | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 0.0281 |
Naked Wines plc Backtested Returns
Naked Wines plc has Sharpe Ratio of -0.0293, which conveys that the firm had a -0.0293% return per unit of risk over the last 3 months. Naked Wines exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Naked Wines' Standard Deviation of 2.33, mean deviation of 1.74, and Risk Adjusted Performance of 0.0029 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.77, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Naked Wines are expected to decrease at a much lower rate. During the bear market, Naked Wines is likely to outperform the market. At this point, Naked Wines plc has a negative expected return of -0.067%. Please make sure to verify Naked Wines' value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Naked Wines plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Naked Wines plc has good predictability. Overlapping area represents the amount of predictability between Naked Wines time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Naked Wines plc price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Naked Wines price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 2.44 |
Naked Wines plc lagged returns against current returns
Autocorrelation, which is Naked Wines 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 Naked Wines' stock expected returns. We can calculate the autocorrelation of Naked Wines returns to help us make a trade decision. For example, suppose you find that Naked Wines 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 |
Naked Wines 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 Naked Wines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Naked Wines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Naked Wines stock over time.
Current vs Lagged Prices |
| Timeline |
Naked Wines Lagged Returns
When evaluating Naked Wines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Naked Wines stock have on its future price. Naked Wines 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, Naked Wines autocorrelation shows the relationship between Naked Wines stock current value and its past values and can show if there is a momentum factor associated with investing in Naked Wines plc.
Regressed Prices |
| Timeline |
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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.Additional Tools for Naked Stock Analysis
When running Naked Wines' price analysis, check to measure Naked Wines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Naked Wines is operating at the current time. Most of Naked Wines' value examination focuses on studying past and present price action to predict the probability of Naked Wines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Naked Wines' price. Additionally, you may evaluate how the addition of Naked Wines to your portfolios can decrease your overall portfolio volatility.