Wetzel SA (Brazil) Market Value
| MWET4 Preferred Stock | BRL 5.42 0.13 2.46% |
| Symbol | Wetzel |
Wetzel SA '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 Wetzel SA's preferred 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 Wetzel SA.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Wetzel SA on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Wetzel SA or generate 0.0% return on investment in Wetzel SA over 30 days. Wetzel SA is related to or competes with Monteiro Aranha, OReilly Automotive, Ascendis Pharma, Banco Santander, Alfa Holdings, Alfa Holdings, and Alfa Holdings. Wetzel S.A. manufactures and sells aluminum, iron, and electro technical products primarily in South Cone countries, Eur... More
Wetzel SA 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 Wetzel SA's preferred 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 Wetzel SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 19.45 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 3.8 |
Wetzel SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wetzel SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wetzel SA's standard deviation. In reality, there are many statistical measures that can use Wetzel SA historical prices to predict the future Wetzel SA's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | (4.95) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wetzel SA'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.
Wetzel SA Backtested Returns
Wetzel SA shows Sharpe Ratio of -0.16, which attests that the company had a -0.16% return per unit of risk over the last 3 months. Wetzel SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wetzel SA's Mean Deviation of 1.89, standard deviation of 2.96, and Market Risk Adjusted Performance of (4.94) to validate the risk estimate we provide. The firm maintains a market beta of 0.09, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wetzel SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wetzel SA is expected to be smaller as well. Wetzel SA has an expected return of -0.5%. Please make sure to check out Wetzel SA daily balance of power, market facilitation index, and the relationship between the kurtosis and day median price , to decide if Wetzel SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Wetzel SA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Wetzel SA time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Wetzel SA price movement. The serial correlation of -0.79 indicates that around 79.0% of current Wetzel SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Wetzel SA lagged returns against current returns
Autocorrelation, which is Wetzel SA preferred 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 Wetzel SA's preferred stock expected returns. We can calculate the autocorrelation of Wetzel SA returns to help us make a trade decision. For example, suppose you find that Wetzel SA has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Wetzel SA 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 Wetzel SA preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wetzel SA preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wetzel SA preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Wetzel SA Lagged Returns
When evaluating Wetzel SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wetzel SA preferred stock have on its future price. Wetzel SA 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, Wetzel SA autocorrelation shows the relationship between Wetzel SA preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Wetzel SA.
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 Wetzel SA 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, Wetzel SA's short interest history, or implied volatility extrapolated from Wetzel SA options trading.
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Try AI Portfolio ArchitectCheck out Wetzel SA Correlation, Wetzel SA Volatility and Wetzel SA Alpha and Beta module to complement your research on Wetzel SA. Note that the Wetzel SA information on this page should be used as a complementary analysis to other Wetzel SA's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Wetzel Preferred Stock analysis
When running Wetzel SA's price analysis, check to measure Wetzel SA'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 Wetzel SA is operating at the current time. Most of Wetzel SA's value examination focuses on studying past and present price action to predict the probability of Wetzel SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wetzel SA's price. Additionally, you may evaluate how the addition of Wetzel SA to your portfolios can decrease your overall portfolio volatility.
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Wetzel SA technical preferred 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, preferred stock market cycles, or different charting patterns.