Weir Group Plc Stock Market Value
| WEGRY Stock | USD 12.32 0.04 0.32% |
| Symbol | Weir |
Weir Group '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 Weir Group'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 Weir Group.
| 02/19/2024 |
| 04/19/2024 |
If you would invest 0.00 in Weir Group on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding Weir Group PLC or generate 0.0% return on investment in Weir Group over 60 days. Weir Group is related to or competes with GE Aerospace, Eaton PLC, Illinois Tool, Parker Hannifin, and Emerson Electric. The Weir Group PLC produces and sells highly engineered original equipment worldwide More
Weir Group 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 Weir Group'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 Weir Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.0171 | |||
| Maximum Drawdown | 8.08 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.93 |
Weir Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weir Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weir Group's standard deviation. In reality, there are many statistical measures that can use Weir Group historical prices to predict the future Weir Group's volatility.| Risk Adjusted Performance | 0.0434 | |||
| Jensen Alpha | 0.1084 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0181 | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Weir Group'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.
Weir Group PLC Backtested Returns
We consider Weir Group not too volatile. Weir Group PLC shows Sharpe Ratio of 0.0952, which attests that the company had a 0.0952% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Weir Group PLC, which you can use to evaluate the volatility of the company. Please check out Weir Group's Mean Deviation of 1.11, downside deviation of 1.5, and Market Risk Adjusted Performance of (0.21) to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Weir Group has a performance score of 7 on a scale of 0 to 100. The firm maintains a market beta of -0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Weir Group are expected to decrease at a much lower rate. During the bear market, Weir Group is likely to outperform the market. Weir Group PLC right now maintains a risk of 1.6%. Please check out Weir Group PLC maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Weir Group PLC will be following its historical returns.
Auto-correlation | -0.37 |
Poor reverse predictability
Weir Group PLC has poor reverse predictability. Overlapping area represents the amount of predictability between Weir Group time series from 19th of February 2024 to 20th of March 2024 and 20th of March 2024 to 19th 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 Weir Group PLC price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Weir Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Weir Group PLC lagged returns against current returns
Autocorrelation, which is Weir Group 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 Weir Group's pink sheet expected returns. We can calculate the autocorrelation of Weir Group returns to help us make a trade decision. For example, suppose you find that Weir Group 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 |
Weir Group 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 Weir Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weir Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Weir Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Weir Group Lagged Returns
When evaluating Weir Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weir Group pink sheet have on its future price. Weir Group 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, Weir Group autocorrelation shows the relationship between Weir Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Weir Group PLC.
Regressed Prices |
| Timeline |
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.Check out Weir Group Correlation, Weir Group Volatility and Weir Group Alpha and Beta module to complement your research on Weir Group. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Weir Pink Sheet analysis
When running Weir Group's price analysis, check to measure Weir Group'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 Weir Group is operating at the current time. Most of Weir Group's value examination focuses on studying past and present price action to predict the probability of Weir Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weir Group's price. Additionally, you may evaluate how the addition of Weir Group to your portfolios can decrease your overall portfolio volatility.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
Weir Group technical pink sheet 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, pink sheet market cycles, or different charting patterns.