Wideopenwest Stock Market Value
| WOW Stock | USD 3.37 0.15 4.26% |
| Symbol | WideOpenWest |
WideOpenWest Price To Book Ratio
Is WideOpenWest'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 WideOpenWest. If investors know WideOpenWest 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 WideOpenWest 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 (1.00) | Earnings Share (3.53) | Revenue Per Share 8.416 | Quarterly Revenue Growth (0.07) | Return On Assets (0) |
The market value of WideOpenWest is measured differently than its book value, which is the value of WideOpenWest that is recorded on the company's balance sheet. Investors also form their own opinion of WideOpenWest's value that differs from its market value or its book value, called intrinsic value, which is WideOpenWest'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 WideOpenWest's market value can be influenced by many factors that don't directly affect WideOpenWest'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 WideOpenWest's value and its price as these two are different measures arrived at by different means. Investors typically determine if WideOpenWest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WideOpenWest'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.
WideOpenWest '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 WideOpenWest'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 WideOpenWest.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in WideOpenWest on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding WideOpenWest or generate 0.0% return on investment in WideOpenWest over 30 days. WideOpenWest is related to or competes with Liberty Global, Shenandoah Telecommunicatio, Liberty Global, Liberty Latin, Liberty Broadband, and Telkom Indonesia. WideOpenWest, Inc. provides high speed data, cable television, and digital telephony services to residential and busines... More
WideOpenWest 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 WideOpenWest'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 WideOpenWest upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.64 | |||
| Information Ratio | 0.0278 | |||
| Maximum Drawdown | 29.92 | |||
| Value At Risk | (8.10) | |||
| Potential Upside | 5.71 |
WideOpenWest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WideOpenWest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WideOpenWest's standard deviation. In reality, there are many statistical measures that can use WideOpenWest historical prices to predict the future WideOpenWest's volatility.| Risk Adjusted Performance | 0.0372 | |||
| Jensen Alpha | 0.0456 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.027 | |||
| Treynor Ratio | 0.0975 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WideOpenWest'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.
WideOpenWest Backtested Returns
WideOpenWest shows Sharpe Ratio of -0.0061, which attests that the company had a -0.0061% return per unit of risk over the last 3 months. WideOpenWest exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WideOpenWest's Mean Deviation of 3.22, market risk adjusted performance of 0.1075, and Downside Deviation of 4.64 to validate the risk estimate we provide. The firm maintains a market beta of 2.06, 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, WideOpenWest will likely underperform. WideOpenWest has an expected return of -0.0277%. Please make sure to check out WideOpenWest information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if WideOpenWest performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
WideOpenWest has almost perfect reverse predictability. Overlapping area represents the amount of predictability between WideOpenWest time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 WideOpenWest price movement. The serial correlation of -0.72 indicates that around 72.0% of current WideOpenWest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
WideOpenWest lagged returns against current returns
Autocorrelation, which is WideOpenWest 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 WideOpenWest's stock expected returns. We can calculate the autocorrelation of WideOpenWest returns to help us make a trade decision. For example, suppose you find that WideOpenWest 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 |
WideOpenWest 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 WideOpenWest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WideOpenWest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WideOpenWest stock over time.
Current vs Lagged Prices |
| Timeline |
WideOpenWest Lagged Returns
When evaluating WideOpenWest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WideOpenWest stock have on its future price. WideOpenWest 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, WideOpenWest autocorrelation shows the relationship between WideOpenWest stock current value and its past values and can show if there is a momentum factor associated with investing in WideOpenWest.
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 WideOpenWest is a strong investment it is important to analyze WideOpenWest'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 WideOpenWest's future performance. For an informed investment choice regarding WideOpenWest Stock, refer to the following important reports:Check out WideOpenWest Correlation, WideOpenWest Volatility and WideOpenWest Alpha and Beta module to complement your research on WideOpenWest. For more information on how to buy WideOpenWest Stock please use our How to Invest in WideOpenWest guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for WideOpenWest Stock analysis
When running WideOpenWest's price analysis, check to measure WideOpenWest'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 WideOpenWest is operating at the current time. Most of WideOpenWest's value examination focuses on studying past and present price action to predict the probability of WideOpenWest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WideOpenWest's price. Additionally, you may evaluate how the addition of WideOpenWest to your portfolios can decrease your overall portfolio volatility.
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WideOpenWest 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.