Waste Plastic (Norway) Market Value
| WPU Stock | 12.30 0.15 1.20% |
| Symbol | Waste |
Waste Plastic '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 Waste Plastic'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 Waste Plastic.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Waste Plastic on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Waste Plastic Upcycling or generate 0.0% return on investment in Waste Plastic over 480 days. Waste Plastic is related to or competes with Vow Green, Kongsberg Gruppen, Napatech, Elkem ASA, Arcticzymes Technologies, and XXL ASA. More
Waste Plastic 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 Waste Plastic'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 Waste Plastic Upcycling upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 21.99 | |||
| Value At Risk | (7.78) | |||
| Potential Upside | 4.96 |
Waste Plastic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Waste Plastic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Waste Plastic's standard deviation. In reality, there are many statistical measures that can use Waste Plastic historical prices to predict the future Waste Plastic's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.75) | |||
| Total Risk Alpha | (1.45) | |||
| Treynor Ratio | 4.28 |
Waste Plastic Upcycling Backtested Returns
Waste Plastic Upcycling shows Sharpe Ratio of -0.21, which attests that the company had a -0.21% return per unit of risk over the last 3 months. Waste Plastic Upcycling exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Waste Plastic's Market Risk Adjusted Performance of 4.29, standard deviation of 4.28, and Mean Deviation of 3.23 to validate the risk estimate we provide. The firm maintains a market beta of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Waste Plastic are expected to decrease at a much lower rate. During the bear market, Waste Plastic is likely to outperform the market. At this point, Waste Plastic Upcycling has a negative expected return of -0.91%. Please make sure to check out Waste Plastic's accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if Waste Plastic Upcycling performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Waste Plastic Upcycling has very good predictability. Overlapping area represents the amount of predictability between Waste Plastic time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Waste Plastic Upcycling price movement. The serial correlation of 0.8 indicates that around 80.0% of current Waste Plastic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 19.72 |
Waste Plastic Upcycling lagged returns against current returns
Autocorrelation, which is Waste Plastic 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 Waste Plastic's stock expected returns. We can calculate the autocorrelation of Waste Plastic returns to help us make a trade decision. For example, suppose you find that Waste Plastic 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 |
Waste Plastic 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 Waste Plastic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Waste Plastic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Waste Plastic stock over time.
Current vs Lagged Prices |
| Timeline |
Waste Plastic Lagged Returns
When evaluating Waste Plastic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Waste Plastic stock have on its future price. Waste Plastic 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, Waste Plastic autocorrelation shows the relationship between Waste Plastic stock current value and its past values and can show if there is a momentum factor associated with investing in Waste Plastic Upcycling.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Waste Stock
Waste Plastic financial ratios help investors to determine whether Waste 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 Waste with respect to the benefits of owning Waste Plastic security.