YOOMA WELLNESS (Germany) Market Value
| 7AI Stock | 0.0005 0.00 0.00% |
| Symbol | YOOMA |
YOOMA WELLNESS '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 YOOMA WELLNESS'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 YOOMA WELLNESS.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in YOOMA WELLNESS on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding YOOMA WELLNESS INC or generate 0.0% return on investment in YOOMA WELLNESS over 720 days.
YOOMA WELLNESS 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 YOOMA WELLNESS'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 YOOMA WELLNESS INC upside and downside potential and time the market with a certain degree of confidence.
YOOMA WELLNESS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YOOMA WELLNESS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YOOMA WELLNESS's standard deviation. In reality, there are many statistical measures that can use YOOMA WELLNESS historical prices to predict the future YOOMA WELLNESS's volatility.YOOMA WELLNESS INC Backtested Returns
We have found three technical indicators for YOOMA WELLNESS INC, which you can use to evaluate the volatility of the company. The firm maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and YOOMA WELLNESS are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
YOOMA WELLNESS INC has no correlation between past and present. Overlapping area represents the amount of predictability between YOOMA WELLNESS time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th of November 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 YOOMA WELLNESS INC price movement. The serial correlation of 0.0 indicates that just 0.0% of current YOOMA WELLNESS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
YOOMA WELLNESS INC lagged returns against current returns
Autocorrelation, which is YOOMA WELLNESS 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 YOOMA WELLNESS's stock expected returns. We can calculate the autocorrelation of YOOMA WELLNESS returns to help us make a trade decision. For example, suppose you find that YOOMA WELLNESS 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 |
YOOMA WELLNESS 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 YOOMA WELLNESS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YOOMA WELLNESS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YOOMA WELLNESS stock over time.
Current vs Lagged Prices |
| Timeline |
YOOMA WELLNESS Lagged Returns
When evaluating YOOMA WELLNESS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YOOMA WELLNESS stock have on its future price. YOOMA WELLNESS 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, YOOMA WELLNESS autocorrelation shows the relationship between YOOMA WELLNESS stock current value and its past values and can show if there is a momentum factor associated with investing in YOOMA WELLNESS INC.
Regressed Prices |
| Timeline |