Wolfden Resources Stock Market Value
| WLF Stock | CAD 0.06 0.01 14.29% |
| Symbol | Wolfden |
Wolfden 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 Wolfden 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 Wolfden Resources.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Wolfden Resources on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Wolfden Resources or generate 0.0% return on investment in Wolfden Resources over 30 days. Wolfden Resources is related to or competes with Altamira Gold, and Highway 50. Wolfden Resources Corporation engages in the acquisition, exploration, and development of mineral properties More
Wolfden 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 Wolfden 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 Wolfden Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.03 | |||
| Information Ratio | 0.0884 | |||
| Maximum Drawdown | 284.85 | |||
| Value At Risk | (18.18) | |||
| Potential Upside | 16.67 |
Wolfden Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wolfden Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wolfden Resources' standard deviation. In reality, there are many statistical measures that can use Wolfden Resources historical prices to predict the future Wolfden Resources' volatility.| Risk Adjusted Performance | 0.0803 | |||
| Jensen Alpha | 2.72 | |||
| Total Risk Alpha | (2.06) | |||
| Sortino Ratio | 0.1718 | |||
| Treynor Ratio | 0.7528 |
Wolfden Resources Backtested Returns
Wolfden Resources is out of control given 3 months investment horizon. Wolfden Resources shows Sharpe Ratio of 0.092, which attests that the company had a 0.092% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 3.22% are justified by taking the suggested risk. Use Wolfden Resources Market Risk Adjusted Performance of 0.7628, downside deviation of 18.03, and Mean Deviation of 10.69 to evaluate company specific risk that cannot be diversified away. Wolfden Resources holds a performance score of 7 on a scale of zero to a hundred. The firm maintains a market beta of 4.27, 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, Wolfden Resources will likely underperform. Use Wolfden Resources treynor ratio and the relationship between the downside variance and day typical price , to analyze future returns on Wolfden Resources.
Auto-correlation | 0.85 |
Very good predictability
Wolfden Resources has very good predictability. Overlapping area represents the amount of predictability between Wolfden 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 Wolfden Resources price movement. The serial correlation of 0.85 indicates that around 85.0% of current Wolfden Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wolfden Resources lagged returns against current returns
Autocorrelation, which is Wolfden 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 Wolfden Resources' stock expected returns. We can calculate the autocorrelation of Wolfden Resources returns to help us make a trade decision. For example, suppose you find that Wolfden 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 |
Wolfden 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 Wolfden Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wolfden Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wolfden Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Wolfden Resources Lagged Returns
When evaluating Wolfden Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wolfden Resources stock have on its future price. Wolfden 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, Wolfden Resources autocorrelation shows the relationship between Wolfden Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Wolfden Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Wolfden Stock Analysis
When running Wolfden Resources' price analysis, check to measure Wolfden 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 Wolfden Resources is operating at the current time. Most of Wolfden Resources' value examination focuses on studying past and present price action to predict the probability of Wolfden Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wolfden Resources' price. Additionally, you may evaluate how the addition of Wolfden Resources to your portfolios can decrease your overall portfolio volatility.