Walgreens Boots Alliance Stock Market Value
WBA Stock | USD 18.05 0.17 0.93% |
Symbol | Walgreens |
Walgreens Boots Alliance Price To Book Ratio
Is Walgreens Boots' 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 Walgreens Boots. If investors know Walgreens 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 Walgreens Boots 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 (0.59) | Dividend Share 1.69 | Earnings Share (7.00) | Revenue Per Share 167.542 | Quarterly Revenue Growth 0.063 |
The market value of Walgreens Boots Alliance is measured differently than its book value, which is the value of Walgreens that is recorded on the company's balance sheet. Investors also form their own opinion of Walgreens Boots' value that differs from its market value or its book value, called intrinsic value, which is Walgreens Boots' 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 Walgreens Boots' market value can be influenced by many factors that don't directly affect Walgreens Boots' 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 Walgreens Boots' value and its price as these two are different measures arrived at by different means. Investors typically determine if Walgreens Boots is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Walgreens Boots' 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.
Walgreens Boots '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 Walgreens Boots' 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 Walgreens Boots.
03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Walgreens Boots on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Walgreens Boots Alliance or generate 0.0% return on investment in Walgreens Boots over 30 days. Walgreens Boots is related to or competes with PetMed Express, Bimi International, Leafly Holdings, Fire Flower, and Trxade. Walgreens Boots Alliance, Inc. operates as an integrated healthcare, pharmacy, and retailer in the United States , the U... More
Walgreens Boots 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 Walgreens Boots' 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 Walgreens Boots Alliance upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.15) | |||
Maximum Drawdown | 14.2 | |||
Value At Risk | (4.23) | |||
Potential Upside | 3.3 |
Walgreens Boots Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Walgreens Boots' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Walgreens Boots' standard deviation. In reality, there are many statistical measures that can use Walgreens Boots historical prices to predict the future Walgreens Boots' volatility.Risk Adjusted Performance | (0.06) | |||
Jensen Alpha | (0.41) | |||
Total Risk Alpha | (0.59) | |||
Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Walgreens Boots' 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.
Walgreens Boots Alliance Backtested Returns
Walgreens Boots Alliance shows Sharpe Ratio of -0.15, which attests that the company had a -0.15% return per unit of risk over the last 3 months. Walgreens Boots Alliance exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Walgreens Boots' Market Risk Adjusted Performance of (0.14), standard deviation of 2.39, and Mean Deviation of 1.68 to validate the risk estimate we provide. The firm maintains a market beta of 1.77, 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, Walgreens Boots will likely underperform. Walgreens Boots Alliance has an expected return of -0.35%. Please make sure to check out Walgreens Boots Alliance kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Walgreens Boots Alliance performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Walgreens Boots Alliance has below average predictability. Overlapping area represents the amount of predictability between Walgreens Boots 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 Walgreens Boots Alliance price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Walgreens Boots price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.37 | |
Spearman Rank Test | -0.37 | |
Residual Average | 0.0 | |
Price Variance | 0.19 |
Walgreens Boots Alliance lagged returns against current returns
Autocorrelation, which is Walgreens Boots 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 Walgreens Boots' stock expected returns. We can calculate the autocorrelation of Walgreens Boots returns to help us make a trade decision. For example, suppose you find that Walgreens Boots 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 |
Walgreens Boots 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 Walgreens Boots stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Walgreens Boots stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Walgreens Boots stock over time.
Current vs Lagged Prices |
Timeline |
Walgreens Boots Lagged Returns
When evaluating Walgreens Boots' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Walgreens Boots stock have on its future price. Walgreens Boots 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, Walgreens Boots autocorrelation shows the relationship between Walgreens Boots stock current value and its past values and can show if there is a momentum factor associated with investing in Walgreens Boots Alliance.
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 Walgreens Boots Alliance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Walgreens Boots' 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 Walgreens Boots Alliance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Walgreens Boots Alliance Stock:Check out Walgreens Boots Correlation, Walgreens Boots Volatility and Walgreens Boots Alpha and Beta module to complement your research on Walgreens Boots. Note that the Walgreens Boots Alliance information on this page should be used as a complementary analysis to other Walgreens Boots' 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Walgreens Stock analysis
When running Walgreens Boots' price analysis, check to measure Walgreens Boots' 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 Walgreens Boots is operating at the current time. Most of Walgreens Boots' value examination focuses on studying past and present price action to predict the probability of Walgreens Boots' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Walgreens Boots' price. Additionally, you may evaluate how the addition of Walgreens Boots to your portfolios can decrease your overall portfolio volatility.
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Walgreens Boots 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.