Wex Inc Stock Market Value
| WEX Stock | USD 234.02 3.38 1.47% |
| Symbol | Wex |
Wex Inc Price To Book Ratio
Is Wex'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 Wex. If investors know Wex 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 Wex 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 (0.01) | Earnings Share 6.16 | Revenue Per Share 59.533 | Quarterly Revenue Growth 0.072 | Return On Assets 0.0321 |
The market value of Wex Inc is measured differently than its book value, which is the value of Wex that is recorded on the company's balance sheet. Investors also form their own opinion of Wex's value that differs from its market value or its book value, called intrinsic value, which is Wex'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 Wex's market value can be influenced by many factors that don't directly affect Wex'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 Wex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wex'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.
Wex '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 Wex'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 Wex.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Wex on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Wex Inc or generate 0.0% return on investment in Wex over 30 days. Wex is related to or competes with Palo Alto, Zscaler, Cloudflare, Okta, Adobe Systems, Microsoft, and Uipath. WEX Inc. provides financial technology services in the United States and internationally More
Wex 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 Wex'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 Wex Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.1233 | |||
| Maximum Drawdown | 5.86 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 2.29 |
Wex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wex's standard deviation. In reality, there are many statistical measures that can use Wex historical prices to predict the future Wex's volatility.| Risk Adjusted Performance | 0.1262 | |||
| Jensen Alpha | 0.1488 | |||
| Total Risk Alpha | 0.0727 | |||
| Sortino Ratio | 0.1071 | |||
| Treynor Ratio | 0.2272 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wex'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.
Wex Inc Backtested Returns
Wex appears to be very steady, given 3 months investment horizon. Wex Inc shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wex Inc, which you can use to evaluate the volatility of the company. Please utilize Wex's Market Risk Adjusted Performance of 0.2372, mean deviation of 0.8422, and Downside Deviation of 1.39 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wex holds a performance score of 13. The firm maintains a market beta of 1.01, which attests to a somewhat significant risk relative to the market. Wex returns are very sensitive to returns on the market. As the market goes up or down, Wex is expected to follow. Please check Wex's maximum drawdown, skewness, as well as the relationship between the Skewness and day typical price , to make a quick decision on whether Wex's historical returns will revert.
Auto-correlation | -0.83 |
Excellent reverse predictability
Wex Inc has excellent reverse predictability. Overlapping area represents the amount of predictability between Wex time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Wex Inc price movement. The serial correlation of -0.83 indicates that around 83.0% of current Wex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 16.01 |
Wex Inc lagged returns against current returns
Autocorrelation, which is Wex 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 Wex's stock expected returns. We can calculate the autocorrelation of Wex returns to help us make a trade decision. For example, suppose you find that Wex 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 |
Wex 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 Wex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wex stock over time.
Current vs Lagged Prices |
| Timeline |
Wex Lagged Returns
When evaluating Wex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wex stock have on its future price. Wex 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, Wex autocorrelation shows the relationship between Wex stock current value and its past values and can show if there is a momentum factor associated with investing in Wex Inc.
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.When determining whether Wex Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wex Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wex Inc Stock:Check out Wex Correlation, Wex Volatility and Wex Alpha and Beta module to complement your research on Wex. Note that the Wex Inc information on this page should be used as a complementary analysis to other Wex'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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Wex Stock analysis
When running Wex's price analysis, check to measure Wex'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 Wex is operating at the current time. Most of Wex's value examination focuses on studying past and present price action to predict the probability of Wex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wex's price. Additionally, you may evaluate how the addition of Wex to your portfolios can decrease your overall portfolio volatility.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
Wex 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.