Wixcom Stock Market Value
| WIX Stock | USD 123.96 3.18 2.50% |
| Symbol | WixCom |
WixCom Price To Book Ratio
Is WixCom'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 WixCom. If investors know WixCom 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 WixCom listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.57 | Revenue Per Share 27.48 | Quarterly Revenue Growth 0.137 | Return On Assets 0.0021 | Return On Equity (7.54) |
The market value of WixCom is measured differently than its book value, which is the value of WixCom that is recorded on the company's balance sheet. Investors also form their own opinion of WixCom's value that differs from its market value or its book value, called intrinsic value, which is WixCom'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 WixCom's market value can be influenced by many factors that don't directly affect WixCom'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 WixCom's value and its price as these two are different measures arrived at by different means. Investors typically determine if WixCom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WixCom'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.
WixCom '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 WixCom'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 WixCom.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in WixCom on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding WixCom or generate 0.0% return on investment in WixCom over 30 days. WixCom is related to or competes with Crowdstrike Holdings, Cloudflare, Palo Alto, Zscaler, Adobe Systems, Uipath, and Nutanix. Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create ... More
WixCom 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 WixCom'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 WixCom upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.52 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 3.31 |
WixCom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WixCom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WixCom's standard deviation. In reality, there are many statistical measures that can use WixCom historical prices to predict the future WixCom's volatility.| Risk Adjusted Performance | 0.0197 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0192 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WixCom'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.
WixCom Backtested Returns
We consider WixCom very steady. WixCom shows Sharpe Ratio of 0.0015, which attests that the company had a 0.0015% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WixCom, which you can use to evaluate the volatility of the company. Please check out WixCom's Market Risk Adjusted Performance of 0.0292, mean deviation of 1.42, and Downside Deviation of 1.79 to validate if the risk estimate we provide is consistent with the expected return of 0.0028%. The firm maintains a market beta of 1.53, 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, WixCom will likely underperform. WixCom right now maintains a risk of 1.92%. Please check out WixCom maximum drawdown, skewness, as well as the relationship between the Skewness and day typical price , to decide if WixCom will be following its historical returns.
Auto-correlation | 0.39 |
Below average predictability
WixCom has below average predictability. Overlapping area represents the amount of predictability between WixCom time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 WixCom price movement. The serial correlation of 0.39 indicates that just about 39.0% of current WixCom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 10.09 |
WixCom lagged returns against current returns
Autocorrelation, which is WixCom 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 WixCom's stock expected returns. We can calculate the autocorrelation of WixCom returns to help us make a trade decision. For example, suppose you find that WixCom 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 |
WixCom 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 WixCom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WixCom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WixCom stock over time.
Current vs Lagged Prices |
| Timeline |
WixCom Lagged Returns
When evaluating WixCom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WixCom stock have on its future price. WixCom 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, WixCom autocorrelation shows the relationship between WixCom stock current value and its past values and can show if there is a momentum factor associated with investing in WixCom.
Regressed Prices |
| Timeline |
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Check out WixCom Correlation, WixCom Volatility and WixCom Alpha and Beta module to complement your research on WixCom. For more information on how to buy WixCom Stock please use our How to Invest in WixCom guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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When running WixCom's price analysis, check to measure WixCom'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 WixCom is operating at the current time. Most of WixCom's value examination focuses on studying past and present price action to predict the probability of WixCom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WixCom's price. Additionally, you may evaluate how the addition of WixCom to your portfolios can decrease your overall portfolio volatility.
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WixCom 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.