Waystar Holding Corp Stock Market Value
| WAY Stock | 30.96 0.29 0.93% |
| Symbol | Waystar |
Waystar Holding Corp Price To Book Ratio
Is Health Care Technology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Waystar Holding. If investors know Waystar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Waystar Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.44) | Revenue Per Share 6.926 | Quarterly Revenue Growth 0.197 | Return On Assets 0.0155 | Return On Equity (0.03) |
The market value of Waystar Holding Corp is measured differently than its book value, which is the value of Waystar that is recorded on the company's balance sheet. Investors also form their own opinion of Waystar Holding's value that differs from its market value or its book value, called intrinsic value, which is Waystar Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Waystar Holding's market value can be influenced by many factors that don't directly affect Waystar Holding's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Waystar Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Waystar Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waystar Holding'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.
Waystar Holding '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 Waystar Holding'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 Waystar Holding.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Waystar Holding on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Waystar Holding Corp or generate 0.0% return on investment in Waystar Holding over 90 days. Waystar Holding is related to or competes with Jacobs Solutions, Electrovaya Common, Highway Holdings, Skillful Craftsman, Udemy, and Acco Brands. Waystar Holding is entity of United States More
Waystar Holding 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 Waystar Holding'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 Waystar Holding Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.0963 | |||
| Maximum Drawdown | 8.89 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.07 |
Waystar Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Waystar Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Waystar Holding's standard deviation. In reality, there are many statistical measures that can use Waystar Holding historical prices to predict the future Waystar Holding's volatility.| Risk Adjusted Performance | 0.1455 | |||
| Jensen Alpha | 0.2174 | |||
| Total Risk Alpha | 0.0288 | |||
| Sortino Ratio | 0.1242 | |||
| Treynor Ratio | 0.6666 |
Waystar Holding Corp Backtested Returns
Waystar Holding appears to be very steady, given 3 months investment horizon. Waystar Holding Corp shows Sharpe Ratio of 0.16, which attests that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Waystar Holding Corp, which you can use to evaluate the volatility of the company. Please utilize Waystar Holding's Mean Deviation of 1.06, downside deviation of 1.16, and Market Risk Adjusted Performance of 0.6766 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Waystar Holding holds a performance score of 12. The firm maintains a market beta of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Waystar Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Waystar Holding is expected to be smaller as well. Please check Waystar Holding's maximum drawdown, skewness, as well as the relationship between the Skewness and day typical price , to make a quick decision on whether Waystar Holding's historical returns will revert.
Auto-correlation | 0.71 |
Good predictability
Waystar Holding Corp has good predictability. Overlapping area represents the amount of predictability between Waystar Holding time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Waystar Holding Corp price movement. The serial correlation of 0.71 indicates that around 71.0% of current Waystar Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 2.43 |
Waystar Holding Corp lagged returns against current returns
Autocorrelation, which is Waystar Holding 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 Waystar Holding's stock expected returns. We can calculate the autocorrelation of Waystar Holding returns to help us make a trade decision. For example, suppose you find that Waystar Holding 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 |
Waystar Holding 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 Waystar Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Waystar Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Waystar Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Waystar Holding Lagged Returns
When evaluating Waystar Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Waystar Holding stock have on its future price. Waystar Holding 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, Waystar Holding autocorrelation shows the relationship between Waystar Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Waystar Holding Corp.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Waystar Stock Analysis
When running Waystar Holding's price analysis, check to measure Waystar Holding'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 Waystar Holding is operating at the current time. Most of Waystar Holding's value examination focuses on studying past and present price action to predict the probability of Waystar Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Waystar Holding's price. Additionally, you may evaluate how the addition of Waystar Holding to your portfolios can decrease your overall portfolio volatility.