Wns Holdings Stock Market Value
| WNS Stock | USD 51.15 1.10 2.11% |
| Symbol | WNS |
WNS Holdings Price To Book Ratio
Is WNS Holdings' 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 WNS Holdings. If investors know WNS 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 WNS Holdings 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 (0.63) | Earnings Share 2.83 | Revenue Per Share 28.036 | Quarterly Revenue Growth 0.069 | Return On Assets 0.0795 |
The market value of WNS Holdings is measured differently than its book value, which is the value of WNS that is recorded on the company's balance sheet. Investors also form their own opinion of WNS Holdings' value that differs from its market value or its book value, called intrinsic value, which is WNS Holdings' 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 WNS Holdings' market value can be influenced by many factors that don't directly affect WNS Holdings' 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 WNS Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if WNS Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WNS Holdings' 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.
WNS 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 WNS Holdings' 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 WNS Holdings.
| 03/24/2023 |
| 05/17/2024 |
If you would invest 0.00 in WNS Holdings on March 24, 2023 and sell it all today you would earn a total of 0.00 from holding WNS Holdings or generate 0.0% return on investment in WNS Holdings over 420 days. WNS Holdings is related to or competes with International Business, ASGN, CACI International, and CDW Corp. WNS Limited, a business process management company, provides data, voice, analytical, and business transformation servic... More
WNS 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 WNS Holdings' 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 WNS Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 15.63 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 5.26 |
WNS Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WNS Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WNS Holdings' standard deviation. In reality, there are many statistical measures that can use WNS Holdings historical prices to predict the future WNS Holdings' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.59) | |||
| 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 WNS 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.
WNS Holdings Backtested Returns
WNS Holdings shows Sharpe Ratio of -0.0755, which attests that the company had a -0.0755% return per unit of risk over the last 3 months. WNS Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WNS Holdings' Market Risk Adjusted Performance of (0.03), mean deviation of 2.25, and Standard Deviation of 3.02 to validate the risk estimate we provide. The firm maintains a market beta of 2.01, 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, WNS Holdings will likely underperform. WNS Holdings has an expected return of -0.23%. Please make sure to check out WNS Holdings maximum drawdown and rate of daily change , to decide if WNS Holdings performance from the past will be repeated at some future point.
Auto-correlation | 0.23 |
Weak predictability
WNS Holdings has weak predictability. Overlapping area represents the amount of predictability between WNS Holdings time series from 24th of March 2023 to 20th of October 2023 and 20th of October 2023 to 17th of May 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 WNS Holdings price movement. The serial correlation of 0.23 indicates that over 23.0% of current WNS Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 45.09 |
WNS Holdings lagged returns against current returns
Autocorrelation, which is WNS Holdings 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 WNS Holdings' stock expected returns. We can calculate the autocorrelation of WNS Holdings returns to help us make a trade decision. For example, suppose you find that WNS Holdings 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 |
WNS 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 WNS Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WNS Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WNS Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
WNS Holdings Lagged Returns
When evaluating WNS Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WNS Holdings stock have on its future price. WNS 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, WNS Holdings autocorrelation shows the relationship between WNS Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in WNS Holdings.
Regressed Prices |
| Timeline |
Pair Trading with WNS Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if WNS Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in WNS Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with WNS Stock
| 0.91 | G | Genpact Limited Sell-off Trend | PairCorr |
Moving against WNS Stock
| 0.51 | FIS | Fidelity National | PairCorr |
| 0.46 | AUR | Aurora Innovation Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to WNS Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WNS Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WNS Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WNS Holdings to buy it.
The correlation of WNS Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WNS Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WNS Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for WNS Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out WNS Holdings Correlation, WNS Holdings Volatility and WNS Holdings Alpha and Beta module to complement your research on WNS Holdings. For more information on how to buy WNS Stock please use our How to Invest in WNS Holdings guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for WNS Stock analysis
When running WNS Holdings' price analysis, check to measure WNS 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 WNS Holdings is operating at the current time. Most of WNS Holdings' value examination focuses on studying past and present price action to predict the probability of WNS Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WNS Holdings' price. Additionally, you may evaluate how the addition of WNS Holdings to your portfolios can decrease your overall portfolio volatility.
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WNS Holdings 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.