WillScot Mobile (Germany) Market Value
| WS11 Stock | EUR 35.80 0.20 0.56% |
| Symbol | WillScot |
WillScot Mobile '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 WillScot Mobile'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 WillScot Mobile.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in WillScot Mobile on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding WillScot Mobile Mini or generate 0.0% return on investment in WillScot Mobile over 30 days. WillScot Mobile is related to or competes with United Rentals, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, and Talanx AG. WillScot Mobile Mini Holdings Corp. provides modular space and portable storage solutions in the United States, Canada, ... More
WillScot Mobile 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 WillScot Mobile'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 WillScot Mobile Mini upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.32 | |||
| Information Ratio | 0.0042 | |||
| Maximum Drawdown | 20.34 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 5.81 |
WillScot Mobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WillScot Mobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WillScot Mobile's standard deviation. In reality, there are many statistical measures that can use WillScot Mobile historical prices to predict the future WillScot Mobile's volatility.| Risk Adjusted Performance | 0.0402 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0041 | |||
| Treynor Ratio | 0.0896 |
WillScot Mobile Mini Backtested Returns
At this point, WillScot Mobile is very steady. WillScot Mobile Mini shows Sharpe Ratio of 0.0432, which attests that the company had a 0.0432% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for WillScot Mobile Mini, which you can use to evaluate the volatility of the company. Please check out WillScot Mobile's Mean Deviation of 1.99, market risk adjusted performance of 0.0996, and Downside Deviation of 3.32 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. WillScot Mobile has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of 1.44, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, WillScot Mobile will likely underperform. WillScot Mobile Mini right now maintains a risk of 3.32%. Please check out WillScot Mobile Mini jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if WillScot Mobile Mini will be following its historical returns.
Auto-correlation | 0.57 |
Modest predictability
WillScot Mobile Mini has modest predictability. Overlapping area represents the amount of predictability between WillScot Mobile time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 WillScot Mobile Mini price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current WillScot Mobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 2.48 |
WillScot Mobile Mini lagged returns against current returns
Autocorrelation, which is WillScot Mobile 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 WillScot Mobile's stock expected returns. We can calculate the autocorrelation of WillScot Mobile returns to help us make a trade decision. For example, suppose you find that WillScot Mobile 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 |
WillScot Mobile 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 WillScot Mobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WillScot Mobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WillScot Mobile stock over time.
Current vs Lagged Prices |
| Timeline |
WillScot Mobile Lagged Returns
When evaluating WillScot Mobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WillScot Mobile stock have on its future price. WillScot Mobile 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, WillScot Mobile autocorrelation shows the relationship between WillScot Mobile stock current value and its past values and can show if there is a momentum factor associated with investing in WillScot Mobile Mini.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in WillScot Stock
When determining whether WillScot Mobile Mini offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WillScot Mobile's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Willscot Mobile Mini Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Willscot Mobile Mini Stock:Check out WillScot Mobile Correlation, WillScot Mobile Volatility and WillScot Mobile Alpha and Beta module to complement your research on WillScot Mobile. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
WillScot Mobile technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.