George Weston Limited Stock Market Value
| WN Stock | CAD 193.64 0.77 0.40% |
| Symbol | George |
George Weston Limited Price To Book Ratio
George Weston '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 George Weston'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 George Weston.
| 05/03/2024 |
| 06/02/2024 |
If you would invest 0.00 in George Weston on May 3, 2024 and sell it all today you would earn a total of 0.00 from holding George Weston Limited or generate 0.0% return on investment in George Weston over 30 days. George Weston is related to or competes with Plurilock Security, IShares Canadian, Altagas Cum, European Residential, IShares SPTSX, Toronto Dominion, and Harvest Tech. George Weston Limited engages in the food processing and distribution business in Canada and Internationally More
George Weston 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 George Weston'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 George Weston Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.0896 | |||
| Maximum Drawdown | 6.43 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.69 |
George Weston Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for George Weston's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as George Weston's standard deviation. In reality, there are many statistical measures that can use George Weston historical prices to predict the future George Weston's volatility.| Risk Adjusted Performance | 0.0882 | |||
| Jensen Alpha | 0.1046 | |||
| Total Risk Alpha | 0.0682 | |||
| Sortino Ratio | 0.0798 | |||
| Treynor Ratio | 0.2229 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of George Weston's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
George Weston Limited Backtested Returns
We consider George Weston very steady. George Weston Limited holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for George Weston Limited, which you can use to evaluate the volatility of the firm. Please check out George Weston's Risk Adjusted Performance of 0.0882, market risk adjusted performance of 0.2329, and Downside Deviation of 1.11 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. George Weston has a performance score of 12 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, George Weston's returns are expected to increase less than the market. However, during the bear market, the loss of holding George Weston is expected to be smaller as well. George Weston Limited right now retains a risk of 0.98%. Please check out George Weston potential upside, as well as the relationship between the kurtosis and day typical price , to decide if George Weston will be following its current trending patterns.
Auto-correlation | -0.07 |
Very weak reverse predictability
George Weston Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between George Weston time series from 3rd of May 2024 to 18th of May 2024 and 18th of May 2024 to 2nd of June 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 George Weston Limited price movement. The serial correlation of -0.07 indicates that barely 7.0% of current George Weston price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 3.01 |
George Weston Limited lagged returns against current returns
Autocorrelation, which is George Weston 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 George Weston's stock expected returns. We can calculate the autocorrelation of George Weston returns to help us make a trade decision. For example, suppose you find that George Weston 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 |
George Weston 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 George Weston stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if George Weston stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in George Weston stock over time.
Current vs Lagged Prices |
| Timeline |
George Weston Lagged Returns
When evaluating George Weston's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of George Weston stock have on its future price. George Weston 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, George Weston autocorrelation shows the relationship between George Weston stock current value and its past values and can show if there is a momentum factor associated with investing in George Weston Limited.
Regressed Prices |
| Timeline |
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Complementary Tools for George Stock analysis
When running George Weston's price analysis, check to measure George Weston'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 George Weston is operating at the current time. Most of George Weston's value examination focuses on studying past and present price action to predict the probability of George Weston's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move George Weston's price. Additionally, you may evaluate how the addition of George Weston to your portfolios can decrease your overall portfolio volatility.
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George Weston 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.