Wanderport Corp Stock Market Value
| WDRP Stock | USD 0.0008 0.0001 11.11% |
| Symbol | Wanderport |
Wanderport Corp '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 Wanderport Corp's pink sheet 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 Wanderport Corp.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Wanderport Corp on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Wanderport Corp or generate 0.0% return on investment in Wanderport Corp over 180 days. Wanderport Corp is related to or competes with Porsche Automobile, Ferrari NV, Toyota, GM, and Honda. Wanderport Corporation distributes hemp-based food, beverages, and consumer products More
Wanderport Corp 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 Wanderport Corp's pink sheet 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 Wanderport Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.13 | |||
| Information Ratio | 0.0042 | |||
| Maximum Drawdown | 61.11 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Wanderport Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wanderport Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wanderport Corp's standard deviation. In reality, there are many statistical measures that can use Wanderport Corp historical prices to predict the future Wanderport Corp's volatility.| Risk Adjusted Performance | 0.0222 | |||
| Jensen Alpha | 0.7568 | |||
| Total Risk Alpha | (1.63) | |||
| Sortino Ratio | 0.0038 | |||
| Treynor Ratio | (0.04) |
Wanderport Corp Backtested Returns
Currently, Wanderport Corp is out of control. Wanderport Corp shows Sharpe Ratio of 0.0159, which attests that the company had a 0.0159% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wanderport Corp, which you can use to evaluate the volatility of the company. Please check out Wanderport Corp's Downside Deviation of 12.13, market risk adjusted performance of (0.03), and Mean Deviation of 6.31 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Wanderport Corp has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of -4.57, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Wanderport Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, Wanderport Corp is expected to outperform it. Wanderport Corp right now maintains a risk of 10.83%. Please check out Wanderport Corp value at risk, as well as the relationship between the skewness and day median price , to decide if Wanderport Corp will be following its historical returns.
Auto-correlation | 0.20 |
Weak predictability
Wanderport Corp has weak predictability. Overlapping area represents the amount of predictability between Wanderport Corp time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 Wanderport Corp price movement. The serial correlation of 0.2 indicates that over 20.0% of current Wanderport Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wanderport Corp lagged returns against current returns
Autocorrelation, which is Wanderport Corp pink sheet'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 Wanderport Corp's pink sheet expected returns. We can calculate the autocorrelation of Wanderport Corp returns to help us make a trade decision. For example, suppose you find that Wanderport Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Wanderport Corp 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 Wanderport Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wanderport Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wanderport Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Wanderport Corp Lagged Returns
When evaluating Wanderport Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wanderport Corp pink sheet have on its future price. Wanderport Corp 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, Wanderport Corp autocorrelation shows the relationship between Wanderport Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Wanderport Corp.
Regressed Prices |
| Timeline |
Pair Trading with Wanderport Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Wanderport Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Wanderport Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Wanderport Pink Sheet
| 0.61 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.57 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.54 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.49 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.46 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
The ability to find closely correlated positions to Wanderport Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wanderport Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Wanderport Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Wanderport Corp to buy it.
The correlation of Wanderport Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wanderport Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wanderport Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Wanderport Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Wanderport Pink Sheet Analysis
When running Wanderport Corp's price analysis, check to measure Wanderport Corp'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 Wanderport Corp is operating at the current time. Most of Wanderport Corp's value examination focuses on studying past and present price action to predict the probability of Wanderport Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wanderport Corp's price. Additionally, you may evaluate how the addition of Wanderport Corp to your portfolios can decrease your overall portfolio volatility.