Wealth Minerals Stock Price on June 26, 2023

WML Stock  CAD 0.06  0.01  8.33%   
If you're considering investing in Wealth Stock, it is important to understand the factors that can impact its price. As of today, the current price of Wealth Minerals stands at 0.06, as last reported on the 27th of November, with the highest price reaching 0.06 and the lowest price hitting 0.06 during the day. Wealth Minerals shows Sharpe Ratio of -0.0258, which attests that the company had a -0.0258% return per unit of risk over the last 3 months. Wealth Minerals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wealth Minerals' Market Risk Adjusted Performance of 18.23, standard deviation of 8.72, and Mean Deviation of 4.92 to validate the risk estimate we provide.
  
Wealth Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0258

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Estimated Market Risk

 8.72
  actual daily
77
77% of assets are less volatile

Expected Return

 -0.22
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
Based on monthly moving average Wealth Minerals is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Wealth Minerals by adding Wealth Minerals to a well-diversified portfolio.

Wealth Minerals Valuation on June 26, 2023

It is possible to determine the worth of Wealth Minerals on a given historical date. On June 26, 2023 Wealth was worth 0.38 at the beginning of the trading date compared to the closed value of 0.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Wealth Minerals stock. Still, in general, we apply an absolute valuation method to find Wealth Minerals' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Wealth Minerals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Wealth Minerals' related companies.
 Open High Low Close Volume
  0.40    0.40    0.39    0.40    82,968  
06/26/2023
  0.38    0.40    0.38    0.40    28,900  
  0.38    0.40    0.37    0.38    174,975  
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Open Value
0.38
0.4
Closing Value
26.53
Upside

Wealth Minerals Trading Date Momentum on June 26, 2023

On June 27 2023 Wealth Minerals was traded for  0.38  at the closing time. The highest daily price throughout the period was 0.40  and the lowest price was  0.37 . The daily volume was 175 K. The net trading volume on 06/27/2023 added to the next day price reduction. The trading price change to closing price of the next trading day was 5.00% . The trading price change to current closing price is 5.00% .

Wealth Minerals Fundamentals Correlations and Trends

By evaluating Wealth Minerals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Wealth Minerals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Wealth financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Wealth Minerals Stock history

Wealth Minerals investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Wealth is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Wealth Minerals will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Wealth Minerals stock prices may prove useful in developing a viable investing in Wealth Minerals
Wealth Minerals Ltd., a junior mineral resource exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada, Mexico, Peru, and Chile. The company was founded in 1994 and is headquartered in Vancouver, Canada. WEALTH MINERALS operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.

Wealth Minerals Stock Technical Analysis

Wealth Minerals 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.
A focus of Wealth Minerals technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Wealth Minerals trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Wealth Minerals Period Price Range

Low
November 27, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Wealth Minerals cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Wealth Minerals November 27, 2024 Market Strength

Market strength indicators help investors to evaluate how Wealth Minerals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wealth Minerals shares will generate the highest return on investment. By undertsting and applying Wealth Minerals stock market strength indicators, traders can identify Wealth Minerals entry and exit signals to maximize returns

Wealth Minerals Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Wealth Minerals' price direction in advance. Along with the technical and fundamental analysis of Wealth Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Wealth to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Additional Tools for Wealth Stock Analysis

When running Wealth Minerals' price analysis, check to measure Wealth Minerals' 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 Wealth Minerals is operating at the current time. Most of Wealth Minerals' value examination focuses on studying past and present price action to predict the probability of Wealth Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wealth Minerals' price. Additionally, you may evaluate how the addition of Wealth Minerals to your portfolios can decrease your overall portfolio volatility.