WESANA HEALTH (Germany) Market Value
| DDX Stock | 0 0.00 0.00% |
| Symbol | WESANA |
WESANA HEALTH '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 WESANA HEALTH'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 WESANA HEALTH.
| 02/04/2023 |
| 01/24/2025 |
If you would invest 0.00 in WESANA HEALTH on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding WESANA HEALTH HOLD or generate 0.0% return on investment in WESANA HEALTH over 720 days. WESANA HEALTH is related to or competes with CAL MAINE, Guidewire Software, EBRO FOODS, Nomad Foods, TYSON FOODS, MOLSON RS, and Maple Leaf. More
WESANA HEALTH 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 WESANA HEALTH'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 WESANA HEALTH HOLD upside and downside potential and time the market with a certain degree of confidence.
WESANA HEALTH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WESANA HEALTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WESANA HEALTH's standard deviation. In reality, there are many statistical measures that can use WESANA HEALTH historical prices to predict the future WESANA HEALTH's volatility.WESANA HEALTH HOLD Backtested Returns
We have found three technical indicators for WESANA HEALTH HOLD, 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 WESANA HEALTH are completely uncorrelated.
Auto-correlation | 0.46 |
Average predictability
WESANA HEALTH HOLD has average predictability. Overlapping area represents the amount of predictability between WESANA HEALTH time series from 4th of February 2023 to 30th of January 2024 and 30th of January 2024 to 24th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of WESANA HEALTH HOLD price movement. The serial correlation of 0.46 indicates that about 46.0% of current WESANA HEALTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WESANA HEALTH HOLD lagged returns against current returns
Autocorrelation, which is WESANA HEALTH 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 WESANA HEALTH's stock expected returns. We can calculate the autocorrelation of WESANA HEALTH returns to help us make a trade decision. For example, suppose you find that WESANA HEALTH 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 |
WESANA HEALTH 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 WESANA HEALTH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WESANA HEALTH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WESANA HEALTH stock over time.
Current vs Lagged Prices |
| Timeline |
WESANA HEALTH Lagged Returns
When evaluating WESANA HEALTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WESANA HEALTH stock have on its future price. WESANA HEALTH 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, WESANA HEALTH autocorrelation shows the relationship between WESANA HEALTH stock current value and its past values and can show if there is a momentum factor associated with investing in WESANA HEALTH HOLD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in WESANA Stock
WESANA HEALTH financial ratios help investors to determine whether WESANA Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in WESANA with respect to the benefits of owning WESANA HEALTH security.