Wildbrain Stock Market Value
| WILD Stock | CAD 0.99 0.01 1.00% |
| Symbol | WildBrain |
WildBrain Price To Book Ratio
WildBrain '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 WildBrain'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 WildBrain.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in WildBrain on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding WildBrain or generate 0.0% return on investment in WildBrain over 720 days. WildBrain is related to or competes with US Financial, VersaBank, Royal Bank, First National, Costco Wholesale, Canadian Imperial, and Everyday People. WildBrain Ltd. develops, produces, and distributes films and television programs worldwide More
WildBrain 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 WildBrain'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 WildBrain upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 16.03 | |||
| Value At Risk | (6.09) | |||
| Potential Upside | 6.06 |
WildBrain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WildBrain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WildBrain's standard deviation. In reality, there are many statistical measures that can use WildBrain historical prices to predict the future WildBrain's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | 1.23 |
WildBrain Backtested Returns
WildBrain shows Sharpe Ratio of -0.0946, which attests that the company had a -0.0946% return per unit of risk over the last 3 months. WildBrain exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WildBrain's Mean Deviation of 3.32, market risk adjusted performance of 1.24, and Standard Deviation of 4.01 to validate the risk estimate we provide. The firm maintains a market beta of -0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WildBrain are expected to decrease at a much lower rate. During the bear market, WildBrain is likely to outperform the market. At this point, WildBrain has a negative expected return of -0.37%. Please make sure to check out WildBrain's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if WildBrain performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
WildBrain has virtually no predictability. Overlapping area represents the amount of predictability between WildBrain time series from 5th of December 2022 to 30th of November 2023 and 30th of November 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 WildBrain price movement. The serial correlation of 0.03 indicates that only 3.0% of current WildBrain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
WildBrain lagged returns against current returns
Autocorrelation, which is WildBrain 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 WildBrain's stock expected returns. We can calculate the autocorrelation of WildBrain returns to help us make a trade decision. For example, suppose you find that WildBrain 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 |
WildBrain 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 WildBrain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WildBrain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WildBrain stock over time.
Current vs Lagged Prices |
| Timeline |
WildBrain Lagged Returns
When evaluating WildBrain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WildBrain stock have on its future price. WildBrain 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, WildBrain autocorrelation shows the relationship between WildBrain stock current value and its past values and can show if there is a momentum factor associated with investing in WildBrain.
Regressed Prices |
| Timeline |
Pair Trading with WildBrain
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 WildBrain 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 WildBrain will appreciate offsetting losses from the drop in the long position's value.Moving together with WildBrain Stock
Moving against WildBrain Stock
| 0.79 | NA-PG | National Bank | PairCorr |
| 0.53 | PPL-PA | Pembina Pipeline Corp | PairCorr |
| 0.32 | MRT-UN | Morguard Real Estate | PairCorr |
The ability to find closely correlated positions to WildBrain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WildBrain 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 WildBrain - 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 WildBrain to buy it.
The correlation of WildBrain 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 WildBrain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WildBrain 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 WildBrain 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 WildBrain Stock
WildBrain financial ratios help investors to determine whether WildBrain Stock 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 WildBrain with respect to the benefits of owning WildBrain security.