WA1 Resources (Australia) Market Value
| WA1 Stock | 16.05 0.94 5.53% |
| Symbol | WA1 |
WA1 Resources '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 WA1 Resources' 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 WA1 Resources.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in WA1 Resources on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding WA1 Resources or generate 0.0% return on investment in WA1 Resources over 720 days. WA1 Resources is related to or competes with Westpac Banking, Prime Financial, Bank of Queensland, Auswide Bank, National Australia, Perpetual Credit, and Cleanaway Waste. WA1 Resources is entity of Australia. It is traded as Stock on AU exchange. More
WA1 Resources 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 WA1 Resources' 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 WA1 Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.86 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 23.96 | |||
| Value At Risk | (6.71) | |||
| Potential Upside | 6.16 |
WA1 Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WA1 Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WA1 Resources' standard deviation. In reality, there are many statistical measures that can use WA1 Resources historical prices to predict the future WA1 Resources' volatility.| Risk Adjusted Performance | 0.0271 | |||
| Jensen Alpha | 0.1624 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.15) |
WA1 Resources Backtested Returns
Currently, WA1 Resources is somewhat reliable. WA1 Resources retains Efficiency (Sharpe Ratio) of 0.0016, which attests that the company had a 0.0016% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WA1 Resources, which you can use to evaluate the volatility of the entity. Please check out WA1 Resources' Coefficient Of Variation of 4019.45, market risk adjusted performance of (0.14), and Standard Deviation of 3.99 to validate if the risk estimate we provide is consistent with the expected return of 0.0064%. The firm owns a Beta (Systematic Risk) of -0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WA1 Resources are expected to decrease at a much lower rate. During the bear market, WA1 Resources is likely to outperform the market. WA1 Resources at this moment owns a risk of 4.08%. Please check out WA1 Resources mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if WA1 Resources will be following its current price history.
Auto-correlation | 0.43 |
Average predictability
WA1 Resources has average predictability. Overlapping area represents the amount of predictability between WA1 Resources time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 WA1 Resources price movement. The serial correlation of 0.43 indicates that just about 43.0% of current WA1 Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 10.4 |
WA1 Resources lagged returns against current returns
Autocorrelation, which is WA1 Resources 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 WA1 Resources' stock expected returns. We can calculate the autocorrelation of WA1 Resources returns to help us make a trade decision. For example, suppose you find that WA1 Resources 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 |
WA1 Resources 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 WA1 Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WA1 Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WA1 Resources stock over time.
Current vs Lagged Prices |
| Timeline |
WA1 Resources Lagged Returns
When evaluating WA1 Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WA1 Resources stock have on its future price. WA1 Resources 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, WA1 Resources autocorrelation shows the relationship between WA1 Resources stock current value and its past values and can show if there is a momentum factor associated with investing in WA1 Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for WA1 Stock Analysis
When running WA1 Resources' price analysis, check to measure WA1 Resources' 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 WA1 Resources is operating at the current time. Most of WA1 Resources' value examination focuses on studying past and present price action to predict the probability of WA1 Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WA1 Resources' price. Additionally, you may evaluate how the addition of WA1 Resources to your portfolios can decrease your overall portfolio volatility.