Wgi Holdings Stock Market Value
| WGIH Stock | USD 0.00001 0.00 0.00% |
| Symbol | WGI |
WGI Holdings Company Valuation
Is Information Technology Services 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 WGI Holdings. If investors know WGI 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 WGI Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of WGI Holdings is measured differently than its book value, which is the value of WGI that is recorded on the company's balance sheet. Investors also form their own opinion of WGI Holdings' value that differs from its market value or its book value, called intrinsic value, which is WGI Holdings' 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 WGI Holdings' market value can be influenced by many factors that don't directly affect WGI Holdings' 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 WGI Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if WGI Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WGI Holdings' 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.
WGI Holdings '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 WGI Holdings' 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 WGI Holdings.
| 01/09/2024 |
| 12/29/2025 |
If you would invest 0.00 in WGI Holdings on January 9, 2024 and sell it all today you would earn a total of 0.00 from holding WGI Holdings or generate 0.0% return on investment in WGI Holdings over 720 days. WGI Holdings is related to or competes with Matachewan Consolidated, and High Arctic. WGI Holdings, Inc. operates oil and gas wells in Oklahoma and also distributes petroleum products More
WGI Holdings 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 WGI Holdings' 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 WGI Holdings upside and downside potential and time the market with a certain degree of confidence.
WGI Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WGI Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WGI Holdings' standard deviation. In reality, there are many statistical measures that can use WGI Holdings historical prices to predict the future WGI Holdings' volatility.WGI Holdings Backtested Returns
WGI Holdings shows Sharpe Ratio of 0.13, which attests that the company had a 0.13 % return per unit of standard deviation over the last 3 months. We were able to collect and analyze data for two different technical indicators, which can help you to evaluate if expected returns of 15.87% are justified by taking the suggested risk. The firm maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and WGI Holdings are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
WGI Holdings has no correlation between past and present. Overlapping area represents the amount of predictability between WGI Holdings time series from 9th of January 2024 to 3rd of January 2025 and 3rd of January 2025 to 29th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of WGI Holdings price movement. The serial correlation of 0.0 indicates that just 0.0% of current WGI Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WGI Holdings lagged returns against current returns
Autocorrelation, which is WGI Holdings 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 WGI Holdings' stock expected returns. We can calculate the autocorrelation of WGI Holdings returns to help us make a trade decision. For example, suppose you find that WGI Holdings 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 |
WGI Holdings 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 WGI Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WGI Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WGI Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
WGI Holdings Lagged Returns
When evaluating WGI Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WGI Holdings stock have on its future price. WGI Holdings 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, WGI Holdings autocorrelation shows the relationship between WGI Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in WGI Holdings.
Regressed Prices |
| Timeline |
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Check out WGI Holdings Correlation, WGI Holdings Volatility and WGI Holdings Alpha and Beta module to complement your research on WGI Holdings. For more detail on how to invest in WGI Stock please use our How to Invest in WGI Holdings guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
WGI Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.