Wec Energy Group Stock Market Value
| WEC Stock | USD 81.56 1.12 1.39% |
| Symbol | WEC |
WEC Energy Group Price To Book Ratio
Is WEC Energy'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 WEC Energy. If investors know WEC 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 WEC Energy 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 (0.13) | Dividend Share 3.12 | Earnings Share 4.22 | Revenue Per Share 28.196 | Return On Assets 0.0318 |
The market value of WEC Energy Group is measured differently than its book value, which is the value of WEC that is recorded on the company's balance sheet. Investors also form their own opinion of WEC Energy's value that differs from its market value or its book value, called intrinsic value, which is WEC Energy'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 WEC Energy's market value can be influenced by many factors that don't directly affect WEC Energy'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 WEC Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if WEC Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WEC Energy'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.
WEC Energy '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 WEC Energy'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 WEC Energy.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in WEC Energy on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding WEC Energy Group or generate 0.0% return on investment in WEC Energy over 30 days. WEC Energy is related to or competes with American Electric, Nextera Energy, Morningstar Unconstrained, T Rowe, and 70082LAB3. WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonr... More
WEC Energy 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 WEC Energy'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 WEC Energy Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.89 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 1.76 |
WEC Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WEC Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WEC Energy's standard deviation. In reality, there are many statistical measures that can use WEC Energy historical prices to predict the future WEC Energy's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WEC Energy'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.
WEC Energy Group Backtested Returns
We consider WEC Energy very steady. WEC Energy Group retains Efficiency (Sharpe Ratio) of 0.0366, which attests that the company had a 0.0366% return per unit of volatility over the last 3 months. We have found twenty-two technical indicators for WEC Energy, which you can use to evaluate the volatility of the company. Please check out WEC Energy's Market Risk Adjusted Performance of (0.03), information ratio of (0.07), and Mean Deviation of 0.8824 to validate if the risk estimate we provide is consistent with the expected return of 0.0429%. WEC Energy has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.76, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WEC Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding WEC Energy is expected to be smaller as well. WEC Energy Group now owns a risk of 1.17%. Please check out WEC Energy Group skewness, and the relationship between the total risk alpha and rate of daily change , to decide if WEC Energy Group will be following its current price history.
Auto-correlation | -0.61 |
Very good reverse predictability
WEC Energy Group has very good reverse predictability. Overlapping area represents the amount of predictability between WEC Energy time series from 20th of March 2024 to 4th of April 2024 and 4th of April 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 WEC Energy Group price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current WEC Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 1.31 |
WEC Energy Group lagged returns against current returns
Autocorrelation, which is WEC Energy 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 WEC Energy's stock expected returns. We can calculate the autocorrelation of WEC Energy returns to help us make a trade decision. For example, suppose you find that WEC Energy 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 |
WEC Energy 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 WEC Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WEC Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WEC Energy stock over time.
Current vs Lagged Prices |
| Timeline |
WEC Energy Lagged Returns
When evaluating WEC Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WEC Energy stock have on its future price. WEC Energy 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, WEC Energy autocorrelation shows the relationship between WEC Energy stock current value and its past values and can show if there is a momentum factor associated with investing in WEC Energy Group.
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 WEC Energy Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WEC Energy'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 Wec Energy Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wec Energy Group Stock:Check out WEC Energy Correlation, WEC Energy Volatility and WEC Energy Alpha and Beta module to complement your research on WEC Energy. Note that the WEC Energy Group information on this page should be used as a complementary analysis to other WEC Energy'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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for WEC Stock analysis
When running WEC Energy's price analysis, check to measure WEC Energy'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 WEC Energy is operating at the current time. Most of WEC Energy's value examination focuses on studying past and present price action to predict the probability of WEC Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WEC Energy's price. Additionally, you may evaluate how the addition of WEC Energy to your portfolios can decrease your overall portfolio volatility.
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WEC Energy 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.