Walkabout Resources (Australia) Market Value
| WKT Stock | 0.1 0.00 0.00% |
| Symbol | Walkabout |
Walkabout Resources '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 Walkabout Resources' 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 Walkabout Resources.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Walkabout Resources on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Walkabout Resources or generate 0.0% return on investment in Walkabout Resources over 30 days. Walkabout Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, and De Grey. Walkabout Resources is entity of Australia More
Walkabout Resources 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 Walkabout Resources' 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 Walkabout Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 24.97 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 3.09 |
Walkabout Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Walkabout Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Walkabout Resources' standard deviation. In reality, there are many statistical measures that can use Walkabout Resources historical prices to predict the future Walkabout Resources' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.28) |
Walkabout Resources Backtested Returns
Walkabout Resources shows Sharpe Ratio of -0.0057, which attests that the company had a -0.0057% return per unit of risk over the last 3 months. Walkabout Resources exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Walkabout Resources' Standard Deviation of 3.67, market risk adjusted performance of (0.27), and Mean Deviation of 1.87 to validate the risk estimate we provide. The firm maintains a market beta of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Walkabout Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Walkabout Resources is expected to be smaller as well. At this point, Walkabout Resources has a negative expected return of -0.0176%. Please make sure to check out Walkabout Resources' jensen alpha, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Walkabout Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Walkabout Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Walkabout Resources time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Walkabout Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Walkabout Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Walkabout Resources lagged returns against current returns
Autocorrelation, which is Walkabout Resources 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 Walkabout Resources' stock expected returns. We can calculate the autocorrelation of Walkabout Resources returns to help us make a trade decision. For example, suppose you find that Walkabout Resources 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 |
Walkabout Resources 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 Walkabout Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Walkabout Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Walkabout Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Walkabout Resources Lagged Returns
When evaluating Walkabout Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Walkabout Resources stock have on its future price. Walkabout Resources 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, Walkabout Resources autocorrelation shows the relationship between Walkabout Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Walkabout Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Walkabout Stock Analysis
When running Walkabout Resources' price analysis, check to measure Walkabout Resources' 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 Walkabout Resources is operating at the current time. Most of Walkabout Resources' value examination focuses on studying past and present price action to predict the probability of Walkabout Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Walkabout Resources' price. Additionally, you may evaluate how the addition of Walkabout Resources to your portfolios can decrease your overall portfolio volatility.