World Houseware Limited Stock Market Value
| WHWRF Stock | USD 0.05 0.00 0.00% |
| Symbol | World |
World Houseware '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 Houseware'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 Houseware.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in World Houseware on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding World Houseware Limited or generate 0.0% return on investment in World Houseware over 30 days. World Houseware is related to or competes with Trane Technologies, Carrier Global, Johnson Controls, Daikin IndustriesLtd, Compagnie, and Lennox International. World Houseware Limited, an investment holding company, manufactures and distributes household products, PVC pipes and f... More
World Houseware 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 Houseware'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 Houseware Limited upside and downside potential and time the market with a certain degree of confidence.
World Houseware Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for World Houseware's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as World Houseware's standard deviation. In reality, there are many statistical measures that can use World Houseware historical prices to predict the future World Houseware's volatility.World Houseware Backtested Returns
We have found three technical indicators for World Houseware, which you can use to evaluate the volatility of the company. 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 World Houseware are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
World Houseware Limited has perfect predictability. Overlapping area represents the amount of predictability between World Houseware time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Houseware price movement. The serial correlation of 1.0 indicates that 100.0% of current World Houseware price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
World Houseware lagged returns against current returns
Autocorrelation, which is World Houseware 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 Houseware's pink sheet expected returns. We can calculate the autocorrelation of World Houseware returns to help us make a trade decision. For example, suppose you find that World Houseware 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 Houseware 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 Houseware pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if World Houseware 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 Houseware pink sheet over time.
Current vs Lagged Prices |
| Timeline |
World Houseware Lagged Returns
When evaluating World Houseware's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of World Houseware pink sheet have on its future price. World Houseware 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 Houseware autocorrelation shows the relationship between World Houseware pink sheet current value and its past values and can show if there is a momentum factor associated with investing in World Houseware Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in World Pink Sheet
World Houseware 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 Houseware security.