WOOLWORTHS HLDGS (Germany) Market Value
| WN3 Stock | EUR 3.30 0.06 1.85% |
| Symbol | WOOLWORTHS |
WOOLWORTHS HLDGS '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 WOOLWORTHS HLDGS'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 WOOLWORTHS HLDGS.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in WOOLWORTHS HLDGS on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding WOOLWORTHS HLDGS or generate 0.0% return on investment in WOOLWORTHS HLDGS over 390 days. WOOLWORTHS HLDGS is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
WOOLWORTHS HLDGS 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 WOOLWORTHS HLDGS'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 WOOLWORTHS HLDGS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | 0.1103 | |||
| Maximum Drawdown | 51.54 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.99 |
WOOLWORTHS HLDGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WOOLWORTHS HLDGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WOOLWORTHS HLDGS's standard deviation. In reality, there are many statistical measures that can use WOOLWORTHS HLDGS historical prices to predict the future WOOLWORTHS HLDGS's volatility.| Risk Adjusted Performance | 0.1003 | |||
| Jensen Alpha | 0.6734 | |||
| Total Risk Alpha | 0.5099 | |||
| Sortino Ratio | 0.2998 | |||
| Treynor Ratio | 5.83 |
WOOLWORTHS HLDGS Backtested Returns
WOOLWORTHS HLDGS appears to be very risky, given 3 months investment horizon. WOOLWORTHS HLDGS shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of standard deviation over the last 3 months. By analyzing WOOLWORTHS HLDGS's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please utilize WOOLWORTHS HLDGS's Downside Deviation of 2.18, mean deviation of 2.11, and Risk Adjusted Performance of 0.1003 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WOOLWORTHS HLDGS holds a performance score of 8. The firm maintains a market beta of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WOOLWORTHS HLDGS's returns are expected to increase less than the market. However, during the bear market, the loss of holding WOOLWORTHS HLDGS is expected to be smaller as well. Please check WOOLWORTHS HLDGS's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether WOOLWORTHS HLDGS's historical returns will revert.
Auto-correlation | 0.94 |
Excellent predictability
WOOLWORTHS HLDGS has excellent predictability. Overlapping area represents the amount of predictability between WOOLWORTHS HLDGS time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd 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 WOOLWORTHS HLDGS price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current WOOLWORTHS HLDGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
WOOLWORTHS HLDGS lagged returns against current returns
Autocorrelation, which is WOOLWORTHS HLDGS 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 WOOLWORTHS HLDGS's stock expected returns. We can calculate the autocorrelation of WOOLWORTHS HLDGS returns to help us make a trade decision. For example, suppose you find that WOOLWORTHS HLDGS 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 |
WOOLWORTHS HLDGS 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 WOOLWORTHS HLDGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WOOLWORTHS HLDGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WOOLWORTHS HLDGS stock over time.
Current vs Lagged Prices |
| Timeline |
WOOLWORTHS HLDGS Lagged Returns
When evaluating WOOLWORTHS HLDGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WOOLWORTHS HLDGS stock have on its future price. WOOLWORTHS HLDGS 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, WOOLWORTHS HLDGS autocorrelation shows the relationship between WOOLWORTHS HLDGS stock current value and its past values and can show if there is a momentum factor associated with investing in WOOLWORTHS HLDGS.
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 WOOLWORTHS Stock
WOOLWORTHS HLDGS financial ratios help investors to determine whether WOOLWORTHS 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 WOOLWORTHS with respect to the benefits of owning WOOLWORTHS HLDGS security.