World Health Energy Stock Market Value
| WHEN Stock | USD 0.0001 0.0001 50.00% |
| Symbol | World |
World Health '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 World Health'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 World Health.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in World Health on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding World Health Energy or generate 0.0% return on investment in World Health over 180 days. World Health is related to or competes with Datasea, and Alarum Technologies. World Health Energy Holdings, Inc. operates as an energy, health, and cybersecurity technology company More
World Health 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 World Health'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 World Health Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 52.7 | |||
| Information Ratio | 0.1433 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
World Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for World Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as World Health's standard deviation. In reality, there are many statistical measures that can use World Health historical prices to predict the future World Health's volatility.| Risk Adjusted Performance | 0.1195 | |||
| Jensen Alpha | 5.93 | |||
| Total Risk Alpha | 1.33 | |||
| Sortino Ratio | 0.1132 | |||
| Treynor Ratio | 4.36 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of World Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
World Health Energy Backtested Returns
World Health is out of control given 3 months investment horizon. World Health Energy 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. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 4.76% are justified by taking the suggested risk. Use World Health Energy Mean Deviation of 25.62, downside deviation of 52.7, and Market Risk Adjusted Performance of 4.37 to evaluate company specific risk that cannot be diversified away. World Health holds a performance score of 9 on a scale of zero to a hundred. The firm maintains a market beta of 1.39, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, World Health will likely underperform. Use World Health Energy downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to analyze future returns on World Health Energy.
Auto-correlation | -0.02 |
Very weak reverse predictability
World Health Energy has very weak reverse predictability. Overlapping area represents the amount of predictability between World Health time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 World Health Energy price movement. The serial correlation of -0.02 indicates that only 2.0% of current World Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
World Health Energy lagged returns against current returns
Autocorrelation, which is World Health 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 World Health's pink sheet expected returns. We can calculate the autocorrelation of World Health returns to help us make a trade decision. For example, suppose you find that World Health 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 |
World Health 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 World Health pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if World Health pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in World Health pink sheet over time.
Current vs Lagged Prices |
| Timeline |
World Health Lagged Returns
When evaluating World Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of World Health pink sheet have on its future price. World Health 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, World Health autocorrelation shows the relationship between World Health pink sheet current value and its past values and can show if there is a momentum factor associated with investing in World Health Energy.
Regressed Prices |
| Timeline |
Pair Trading with World Health
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 World Health 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 World Health will appreciate offsetting losses from the drop in the long position's value.Moving against World Pink Sheet
| 0.36 | PTAIF | PT Astra International | PairCorr |
| 0.36 | PHJMF | PT Hanjaya Mandala | PairCorr |
| 0.32 | ADYEY | Adyen NV | PairCorr |
The ability to find closely correlated positions to World Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace World Health 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 World Health - 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 World Health Energy to buy it.
The correlation of World Health 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 World Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if World Health Energy 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 World Health 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.Other Information on Investing in World Pink Sheet
World Health financial ratios help investors to determine whether World Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in World with respect to the benefits of owning World Health security.