WETG Old Correlations
The current 90-days correlation between WETG Old and HeartCore Enterprises is 0.06 (i.e., Significant diversification). The correlation of WETG Old 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
WETG Old Correlation With Market
Good diversification
The correlation between WETG Old and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WETG Old and DJI in the same portfolio, assuming nothing else is changed.
WETG |
Moving together with WETG Stock
| 0.71 | GLABF | Gemina Laboratories | PairCorr |
| 0.61 | BAC | Bank of America Sell-off Trend | PairCorr |
| 0.73 | DIS | Walt Disney Earnings Call This Week | PairCorr |
Moving against WETG Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between WETG Stock performing well and WETG Old Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze WETG Old's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HTCR | 7.59 | 0.86 | 0.08 | (1.91) | 9.21 | 11.65 | 78.60 | |||
| KBNT | 4.26 | 0.11 | (0.01) | 0.00 | 5.26 | 7.94 | 59.23 | |||
| IFBD | 5.03 | 0.46 | 0.06 | (16.17) | 5.91 | 11.00 | 65.71 | |||
| MVLA | 3.96 | 0.59 | 0.11 | (2.56) | 3.50 | 8.82 | 44.13 | |||
| VS | 5.56 | 0.08 | 0.00 | 65.41 | 5.47 | 14.38 | 59.08 | |||
| CXAI | 5.67 | 0.49 | 0.05 | (0.35) | 6.11 | 11.94 | 46.87 | |||
| IDAI | 13.71 | 2.60 | 0.17 | (0.74) | 11.72 | 34.31 | 163.74 | |||
| QH | 2.03 | (0.08) | 0.00 | 0.75 | 0.00 | 3.82 | 13.25 |
Delisting Warning - WETG
WETG Old was delisted
| The entity WETG Old with a symbol WETG was delisted from NASDAQ Exchange. Please try Next Technology Holding with a symbol NXTT from now on. Check all delisted instruments accross multiple markets. |
WETG Old Corporate Management
| Weihong Liu | Chief Officer | Profile | |
| Nan Ding | Chief Officer | Profile | |
| Pijun Liu | CEO Director | Profile | |
| Kean Che | S CFO | Profile | |
| Hanfeng Li | VP Segment | Profile | |
| Annie Huang | Chief Officer | Profile | |
| Ken Tsang | Chief Officer | Profile |
Still Interested in WETG Old?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.