Woolworths Holdings Ltd Stock Market Value
| WLWHY Stock | USD 3.01 0.08 2.59% |
| Symbol | Woolworths |
Woolworths Holdings '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 Woolworths Holdings' 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 Woolworths Holdings.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Woolworths Holdings on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Woolworths Holdings Ltd or generate 0.0% return on investment in Woolworths Holdings over 60 days. Woolworths Holdings is related to or competes with Kohls Corp, Nordstrom, Macys, Dillards, Dillards Capital, and Companhia Brasileira. Woolworths Holdings Limited, through its subsidiaries, operates a chain of retail stores in sub-Saharan Africa, Australi... More
Woolworths Holdings 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 Woolworths Holdings' 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 Woolworths Holdings Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 27.73 | |||
| Value At Risk | (5.64) | |||
| Potential Upside | 3.83 |
Woolworths Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Woolworths Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Woolworths Holdings' standard deviation. In reality, there are many statistical measures that can use Woolworths Holdings historical prices to predict the future Woolworths Holdings' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Woolworths Holdings' 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.
Woolworths Holdings Backtested Returns
Woolworths Holdings shows Sharpe Ratio of -0.0534, which attests that the company had a -0.0534% return per unit of risk over the last 3 months. Woolworths Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Woolworths Holdings' Mean Deviation of 2.14, standard deviation of 3.52, and Market Risk Adjusted Performance of (0.16) to validate the risk estimate we provide. The firm maintains a market beta of 0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Woolworths Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Woolworths Holdings is expected to be smaller as well. Woolworths Holdings has an expected return of -0.19%. Please make sure to check out Woolworths Holdings maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Woolworths Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Woolworths Holdings Ltd has weak predictability. Overlapping area represents the amount of predictability between Woolworths Holdings time series from 24th of February 2024 to 25th of March 2024 and 25th of March 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 Woolworths Holdings price movement. The serial correlation of 0.24 indicates that over 24.0% of current Woolworths Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Woolworths Holdings lagged returns against current returns
Autocorrelation, which is Woolworths Holdings 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 Woolworths Holdings' pink sheet expected returns. We can calculate the autocorrelation of Woolworths Holdings returns to help us make a trade decision. For example, suppose you find that Woolworths Holdings 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 |
Woolworths Holdings 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 Woolworths Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Woolworths Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Woolworths Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Woolworths Holdings Lagged Returns
When evaluating Woolworths Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Woolworths Holdings pink sheet have on its future price. Woolworths Holdings 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, Woolworths Holdings autocorrelation shows the relationship between Woolworths Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Woolworths Holdings Ltd.
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 Woolworths Holdings Correlation, Woolworths Holdings Volatility and Woolworths Holdings Alpha and Beta module to complement your research on Woolworths Holdings. Note that the Woolworths Holdings information on this page should be used as a complementary analysis to other Woolworths Holdings' 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 Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Woolworths Pink Sheet analysis
When running Woolworths Holdings' price analysis, check to measure Woolworths Holdings' 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 Woolworths Holdings is operating at the current time. Most of Woolworths Holdings' value examination focuses on studying past and present price action to predict the probability of Woolworths Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Woolworths Holdings' price. Additionally, you may evaluate how the addition of Woolworths Holdings to your portfolios can decrease your overall portfolio volatility.
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Woolworths Holdings 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.