WT OFFSHORE's market value is the price at which a share of WT OFFSHORE trades on a public exchange. It measures the collective expectations of WT OFFSHORE investors about its performance. WT OFFSHORE is selling for under 1.85 as of the 26th of November 2024; that is 2.12 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 1.85. With this module, you can estimate the performance of a buy and hold strategy of WT OFFSHORE and determine expected loss or profit from investing in WT OFFSHORE over a given investment horizon. Check out WT OFFSHORE Correlation, WT OFFSHORE Volatility and WT OFFSHORE Alpha and Beta module to complement your research on WT OFFSHORE.
Please note, there is a significant difference between WT OFFSHORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if WT OFFSHORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WT OFFSHORE's 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.
WT OFFSHORE '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 WT OFFSHORE'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 WT OFFSHORE.
0.00
10/27/2024
No Change 0.00
0.0
In 31 days
11/26/2024
0.00
If you would invest 0.00 in WT OFFSHORE on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding WT OFFSHORE or generate 0.0% return on investment in WT OFFSHORE over 30 days. WT OFFSHORE is related to or competes with Apple, Apple, Apple, Microsoft, and Microsoft. More
WT OFFSHORE 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 WT OFFSHORE'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 WT OFFSHORE upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for WT OFFSHORE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WT OFFSHORE's standard deviation. In reality, there are many statistical measures that can use WT OFFSHORE historical prices to predict the future WT OFFSHORE's volatility.
WT OFFSHORE retains Efficiency (Sharpe Ratio) of -0.017, which attests that the company had a -0.017% return per unit of price deviation over the last 3 months. WT OFFSHORE exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WT OFFSHORE's information ratio of (0.05), and Market Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WT OFFSHORE's returns are expected to increase less than the market. However, during the bear market, the loss of holding WT OFFSHORE is expected to be smaller as well. At this point, WT OFFSHORE has a negative expected return of -0.0672%. Please make sure to check out WT OFFSHORE's treynor ratio, day median price, and the relationship between the information ratio and kurtosis , to decide if WT OFFSHORE performance from the past will be repeated at some future date.
Auto-correlation
-0.19
Insignificant reverse predictability
WT OFFSHORE has insignificant reverse predictability. Overlapping area represents the amount of predictability between WT OFFSHORE time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 WT OFFSHORE price movement. The serial correlation of -0.19 indicates that over 19.0% of current WT OFFSHORE price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.19
Spearman Rank Test
-0.48
Residual Average
0.0
Price Variance
0.0
WT OFFSHORE lagged returns against current returns
Autocorrelation, which is WT OFFSHORE 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 WT OFFSHORE's stock expected returns. We can calculate the autocorrelation of WT OFFSHORE returns to help us make a trade decision. For example, suppose you find that WT OFFSHORE 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
WT OFFSHORE 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 WT OFFSHORE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WT OFFSHORE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WT OFFSHORE stock over time.
Current vs Lagged Prices
Timeline
WT OFFSHORE Lagged Returns
When evaluating WT OFFSHORE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WT OFFSHORE stock have on its future price. WT OFFSHORE 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, WT OFFSHORE autocorrelation shows the relationship between WT OFFSHORE stock current value and its past values and can show if there is a momentum factor associated with investing in WT OFFSHORE.
Regressed Prices
Timeline
Thematic Opportunities
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When running WT OFFSHORE's price analysis, check to measure WT OFFSHORE's 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 WT OFFSHORE is operating at the current time. Most of WT OFFSHORE's value examination focuses on studying past and present price action to predict the probability of WT OFFSHORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WT OFFSHORE's price. Additionally, you may evaluate how the addition of WT OFFSHORE to your portfolios can decrease your overall portfolio volatility.