World Acceptance Stock Market Value
| WRLD Stock | USD 139.29 1.11 0.79% |
| Symbol | World |
World Acceptance Price To Book Ratio
Is World Acceptance's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of World Acceptance. If investors know World will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about World Acceptance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.869 | Earnings Share 11.36 | Revenue Per Share 100.58 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0727 |
The market value of World Acceptance is measured differently than its book value, which is the value of World that is recorded on the company's balance sheet. Investors also form their own opinion of World Acceptance's value that differs from its market value or its book value, called intrinsic value, which is World Acceptance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because World Acceptance's market value can be influenced by many factors that don't directly affect World Acceptance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between World Acceptance's value and its price as these two are different measures arrived at by different means. Investors typically determine if World Acceptance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, World Acceptance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
World Acceptance '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 World Acceptance'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 World Acceptance.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in World Acceptance on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding World Acceptance or generate 0.0% return on investment in World Acceptance over 30 days. World Acceptance is related to or competes with Visa, PayPal Holdings, and Mastercard. World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business More
World Acceptance 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 World Acceptance'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 World Acceptance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.0164 | |||
| Maximum Drawdown | 12.1 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 3.0 |
World Acceptance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for World Acceptance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as World Acceptance's standard deviation. In reality, there are many statistical measures that can use World Acceptance historical prices to predict the future World Acceptance's volatility.| Risk Adjusted Performance | 0.0381 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0132 | |||
| Treynor Ratio | 0.0439 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of World Acceptance'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.
World Acceptance Backtested Returns
We consider World Acceptance very steady. World Acceptance shows Sharpe Ratio of 0.0493, which attests that the company had a 0.0493% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for World Acceptance, which you can use to evaluate the volatility of the company. Please check out World Acceptance's Downside Deviation of 3.07, mean deviation of 1.87, and Market Risk Adjusted Performance of 0.0539 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. World Acceptance has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of 2.51, 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, World Acceptance will likely underperform. World Acceptance right now maintains a risk of 2.47%. Please check out World Acceptance skewness, and the relationship between the potential upside and rate of daily change , to decide if World Acceptance will be following its historical returns.
Auto-correlation | -0.28 |
Weak reverse predictability
World Acceptance has weak reverse predictability. Overlapping area represents the amount of predictability between World Acceptance time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th of May 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 World Acceptance price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current World Acceptance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 5.34 |
World Acceptance lagged returns against current returns
Autocorrelation, which is World Acceptance 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 World Acceptance's stock expected returns. We can calculate the autocorrelation of World Acceptance returns to help us make a trade decision. For example, suppose you find that World Acceptance 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 |
World Acceptance 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 World Acceptance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if World Acceptance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in World Acceptance stock over time.
Current vs Lagged Prices |
| Timeline |
World Acceptance Lagged Returns
When evaluating World Acceptance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of World Acceptance stock have on its future price. World Acceptance 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, World Acceptance autocorrelation shows the relationship between World Acceptance stock current value and its past values and can show if there is a momentum factor associated with investing in World Acceptance.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards World Acceptance in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, World Acceptance's short interest history, or implied volatility extrapolated from World Acceptance options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether World Acceptance is a strong investment it is important to analyze World Acceptance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact World Acceptance's future performance. For an informed investment choice regarding World Stock, refer to the following important reports:Check out World Acceptance Correlation, World Acceptance Volatility and World Acceptance Alpha and Beta module to complement your research on World Acceptance. For information on how to trade World Stock refer to our How to Trade World Stock guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for World Stock analysis
When running World Acceptance's price analysis, check to measure World Acceptance'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 World Acceptance is operating at the current time. Most of World Acceptance's value examination focuses on studying past and present price action to predict the probability of World Acceptance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move World Acceptance's price. Additionally, you may evaluate how the addition of World Acceptance to your portfolios can decrease your overall portfolio volatility.
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World Acceptance 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.