WiseTech Global (Australia) Market Value
| WTC Stock | 125.85 0.91 0.73% |
| Symbol | WiseTech |
WiseTech Global '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 WiseTech Global'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 WiseTech Global.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in WiseTech Global on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding WiseTech Global Limited or generate 0.0% return on investment in WiseTech Global over 30 days. WiseTech Global is related to or competes with Skycity Entertainment, Ramsay Health, Nine Entertainment, Autosports, and OOhMedia. WiseTech Global is entity of Australia. It is traded as Stock on AU exchange. More
WiseTech Global 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 WiseTech Global'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 WiseTech Global Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.55 | |||
| Information Ratio | 0.0067 | |||
| Maximum Drawdown | 25.08 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 2.84 |
WiseTech Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WiseTech Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WiseTech Global's standard deviation. In reality, there are many statistical measures that can use WiseTech Global historical prices to predict the future WiseTech Global's volatility.| Risk Adjusted Performance | 0.0415 | |||
| Jensen Alpha | 0.1735 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0049 | |||
| Treynor Ratio | (0.44) |
WiseTech Global Backtested Returns
Currently, WiseTech Global Limited is very steady. WiseTech Global shows Sharpe Ratio of 0.0403, which attests that the company had a 0.0403% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for WiseTech Global, which you can use to evaluate the volatility of the company. Please check out WiseTech Global's Downside Deviation of 4.55, market risk adjusted performance of (0.43), and Mean Deviation of 1.86 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. WiseTech Global has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of -0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WiseTech Global are expected to decrease at a much lower rate. During the bear market, WiseTech Global is likely to outperform the market. WiseTech Global right now maintains a risk of 3.37%. Please check out WiseTech Global value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if WiseTech Global will be following its historical returns.
Auto-correlation | -0.61 |
Very good reverse predictability
WiseTech Global Limited has very good reverse predictability. Overlapping area represents the amount of predictability between WiseTech Global time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 WiseTech Global price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current WiseTech Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 39.63 |
WiseTech Global lagged returns against current returns
Autocorrelation, which is WiseTech Global 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 WiseTech Global's stock expected returns. We can calculate the autocorrelation of WiseTech Global returns to help us make a trade decision. For example, suppose you find that WiseTech Global 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 |
WiseTech Global 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 WiseTech Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WiseTech Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WiseTech Global stock over time.
Current vs Lagged Prices |
| Timeline |
WiseTech Global Lagged Returns
When evaluating WiseTech Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WiseTech Global stock have on its future price. WiseTech Global 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, WiseTech Global autocorrelation shows the relationship between WiseTech Global stock current value and its past values and can show if there is a momentum factor associated with investing in WiseTech Global Limited.
Regressed Prices |
| Timeline |
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Additional Tools for WiseTech Stock Analysis
When running WiseTech Global's price analysis, check to measure WiseTech Global'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 WiseTech Global is operating at the current time. Most of WiseTech Global's value examination focuses on studying past and present price action to predict the probability of WiseTech Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WiseTech Global's price. Additionally, you may evaluate how the addition of WiseTech Global to your portfolios can decrease your overall portfolio volatility.