Walgreens Boots Alliance Stock Market Value
WBA Stock | USD 21.69 0.67 3.19% |
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 1.92 | Earnings Share 0.66 | Revenue Per Share 165.003 | Quarterly Revenue Growth 0.1 |
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.
06/03/2023 |
| 03/29/2024 |
If you would invest 0.00 in Walgreens Boots on June 3, 2023 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 300 days. Walgreens Boots is related to or competes with Trxade, PetMed Express, High Tide, Leafly Holdings, BJs Wholesale, and Dollar General. 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 | (0.18) | |||
Maximum Drawdown | 9.07 | |||
Value At Risk | (4.06) | |||
Potential Upside | 3.19 |
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 | (0.50) | |||
Total Risk Alpha | (0.74) | |||
Treynor Ratio | (0.13) |
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 -0.13, which attests that the company had a -0.13% return per unit of risk over the last 3 months. Walgreens Boots Alliance exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Walgreens Boots' Standard Deviation of 2.15, market risk adjusted performance of (0.12), and Mean Deviation of 1.71 to validate the risk estimate we provide. The firm maintains a market beta of 1.95, 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 -0.29%. Please make sure to check out Walgreens Boots Alliance kurtosis, and the relationship between the maximum drawdown 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 | 0.23 |
Weak predictability
Walgreens Boots Alliance has weak predictability. Overlapping area represents the amount of predictability between Walgreens Boots time series from 3rd of June 2023 to 31st of October 2023 and 31st of October 2023 to 29th of March 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 0.23 indicates that over 23.0% of current Walgreens Boots price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.23 | |
Spearman Rank Test | -0.06 | |
Residual Average | 0.0 | |
Price Variance | 3.16 |
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 |
Walgreens Boots Investors Sentiment
The influence of Walgreens Boots' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Walgreens. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Walgreens Boots' public news can be used to forecast risks associated with an investment in Walgreens. The trend in average sentiment can be used to explain how an investor holding Walgreens can time the market purely based on public headlines and social activities around Walgreens Boots Alliance. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Walgreens Boots' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Walgreens Boots' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Walgreens Boots' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Walgreens Boots.
Walgreens Boots Implied Volatility | 76.77 |
Walgreens Boots' implied volatility exposes the market's sentiment of Walgreens Boots Alliance stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Walgreens Boots' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Walgreens Boots stock will not fluctuate a lot when Walgreens Boots' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Walgreens Boots in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Walgreens Boots' short interest history, or implied volatility extrapolated from Walgreens Boots options trading.
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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.CLSK | CleanSpark | |
V | Visa Class A | |
CDLX | Cardlytics |
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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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.