Worley Limited Stock Market Value
| WYGPF Stock | USD 8.65 0.05 0.57% |
| Symbol | Worley |
Worley '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 Worley's pink sheet 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 Worley.
| 04/21/2024 |
| 12/17/2024 |
If you would invest 0.00 in Worley on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding Worley Limited or generate 0.0% return on investment in Worley over 240 days. Worley is related to or competes with Saipem SpA. Worley Limited provides professional project and asset services to energy, chemicals, and resources sectors worldwide More
Worley 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 Worley's pink sheet 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 Worley Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 13.06 | |||
| Value At Risk | (4.83) |
Worley Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Worley's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Worley's standard deviation. In reality, there are many statistical measures that can use Worley historical prices to predict the future Worley's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (1.24) |
Worley Limited Backtested Returns
Worley Limited shows Sharpe Ratio of -0.11, which attests that the company had a -0.11% return per unit of risk over the last 3 months. Worley Limited exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Worley's Mean Deviation of 0.8241, market risk adjusted performance of (1.23), and Standard Deviation of 2.14 to validate the risk estimate we provide. The firm maintains a market beta of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Worley's returns are expected to increase less than the market. However, during the bear market, the loss of holding Worley is expected to be smaller as well. At this point, Worley Limited has a negative expected return of -0.24%. Please make sure to check out Worley's value at risk, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Worley Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Worley Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Worley time series from 21st of April 2024 to 19th of August 2024 and 19th of August 2024 to 17th 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 Worley Limited price movement. The serial correlation of -0.02 indicates that only 2.0% of current Worley price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Worley Limited lagged returns against current returns
Autocorrelation, which is Worley pink sheet'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 Worley's pink sheet expected returns. We can calculate the autocorrelation of Worley returns to help us make a trade decision. For example, suppose you find that Worley has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Worley 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 Worley pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Worley pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Worley pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Worley Lagged Returns
When evaluating Worley's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Worley pink sheet have on its future price. Worley 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, Worley autocorrelation shows the relationship between Worley pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Worley Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Worley Pink Sheet
Worley financial ratios help investors to determine whether Worley Pink Sheet 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 Worley with respect to the benefits of owning Worley security.