Weebit Nano (Australia) Market Value
| WBT Stock | 2.91 0.01 0.34% |
| Symbol | Weebit |
Weebit Nano '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 Weebit Nano'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 Weebit Nano.
| 01/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Weebit Nano on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Weebit Nano or generate 0.0% return on investment in Weebit Nano over 690 days. Weebit Nano is related to or competes with Gtn, Dynamic Drill, Iluka Resources, Nufarm, Insignia Financial, G8 Education, and FleetPartners. Weebit Nano is entity of Australia. It is traded as Stock on AU exchange. More
Weebit Nano 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 Weebit Nano'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 Weebit Nano upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.42 | |||
| Information Ratio | 0.104 | |||
| Maximum Drawdown | 28.0 | |||
| Value At Risk | (5.35) | |||
| Potential Upside | 10.66 |
Weebit Nano Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weebit Nano's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weebit Nano's standard deviation. In reality, there are many statistical measures that can use Weebit Nano historical prices to predict the future Weebit Nano's volatility.| Risk Adjusted Performance | 0.1081 | |||
| Jensen Alpha | 0.7224 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.1186 | |||
| Treynor Ratio | (1.00) |
Weebit Nano Backtested Returns
Weebit Nano appears to be very risky, given 3 months investment horizon. Weebit Nano shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. By examining Weebit Nano's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Weebit Nano's Downside Deviation of 4.42, market risk adjusted performance of (0.99), and Mean Deviation of 3.51 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Weebit Nano holds a performance score of 10. The firm maintains a market beta of -0.64, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Weebit Nano are expected to decrease at a much lower rate. During the bear market, Weebit Nano is likely to outperform the market. Please check Weebit Nano's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Weebit Nano's historical returns will revert.
Auto-correlation | 0.38 |
Below average predictability
Weebit Nano has below average predictability. Overlapping area represents the amount of predictability between Weebit Nano time series from 4th of January 2023 to 15th of December 2023 and 15th of December 2023 to 24th 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 Weebit Nano price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Weebit Nano price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
Weebit Nano lagged returns against current returns
Autocorrelation, which is Weebit Nano 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 Weebit Nano's stock expected returns. We can calculate the autocorrelation of Weebit Nano returns to help us make a trade decision. For example, suppose you find that Weebit Nano 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 |
Weebit Nano 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 Weebit Nano stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weebit Nano stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Weebit Nano stock over time.
Current vs Lagged Prices |
| Timeline |
Weebit Nano Lagged Returns
When evaluating Weebit Nano's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weebit Nano stock have on its future price. Weebit Nano 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, Weebit Nano autocorrelation shows the relationship between Weebit Nano stock current value and its past values and can show if there is a momentum factor associated with investing in Weebit Nano.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Weebit Stock Analysis
When running Weebit Nano's price analysis, check to measure Weebit Nano'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 Weebit Nano is operating at the current time. Most of Weebit Nano's value examination focuses on studying past and present price action to predict the probability of Weebit Nano's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weebit Nano's price. Additionally, you may evaluate how the addition of Weebit Nano to your portfolios can decrease your overall portfolio volatility.