Wise Plc (UK) Market Value
| WISE Stock | 937.00 1.00 0.11% |
| Symbol | Wise |
Wise Plc '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 Wise Plc'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 Wise Plc.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Wise Plc on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Wise plc or generate 0.0% return on investment in Wise Plc over 30 days. Wise Plc is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, State Bank, SoftBank Group, and Reliance Industries. Wise Plc is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Wise Plc 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 Wise Plc'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 Wise plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | 0.2539 | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 3.83 |
Wise Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wise Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wise Plc's standard deviation. In reality, there are many statistical measures that can use Wise Plc historical prices to predict the future Wise Plc's volatility.| Risk Adjusted Performance | 0.2285 | |||
| Jensen Alpha | 0.5797 | |||
| Total Risk Alpha | 0.3365 | |||
| Sortino Ratio | 0.3009 | |||
| Treynor Ratio | (7.17) |
Wise plc Backtested Returns
Wise Plc appears to be very steady, given 3 months investment horizon. Wise plc shows Sharpe Ratio of 0.34, which attests that the company had a 0.34% return per unit of risk over the last 3 months. By examining Wise Plc's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please utilize Wise Plc's Market Risk Adjusted Performance of (7.16), mean deviation of 1.3, and Downside Deviation of 1.6 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wise Plc holds a performance score of 26. The firm maintains a market beta of -0.0798, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wise Plc are expected to decrease at a much lower rate. During the bear market, Wise Plc is likely to outperform the market. Please check Wise Plc's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Wise Plc's historical returns will revert.
Auto-correlation | 0.87 |
Very good predictability
Wise plc has very good predictability. Overlapping area represents the amount of predictability between Wise Plc time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Wise plc price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Wise Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 366.24 |
Wise plc lagged returns against current returns
Autocorrelation, which is Wise Plc 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 Wise Plc's stock expected returns. We can calculate the autocorrelation of Wise Plc returns to help us make a trade decision. For example, suppose you find that Wise Plc 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 |
Wise Plc 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 Wise Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wise Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wise Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Wise Plc Lagged Returns
When evaluating Wise Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wise Plc stock have on its future price. Wise Plc 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, Wise Plc autocorrelation shows the relationship between Wise Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Wise 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 Wise Stock Analysis
When running Wise Plc's price analysis, check to measure Wise Plc's 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 Wise Plc is operating at the current time. Most of Wise Plc's value examination focuses on studying past and present price action to predict the probability of Wise Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wise Plc's price. Additionally, you may evaluate how the addition of Wise Plc to your portfolios can decrease your overall portfolio volatility.