Willow Biosciences Stock Market Value
| WLLW Stock | CAD 0.09 0.01 6.25% |
| Symbol | Willow |
Willow Biosciences Price To Book Ratio
Willow Biosciences '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 Willow Biosciences' 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 Willow Biosciences.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Willow Biosciences on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Willow Biosciences or generate 0.0% return on investment in Willow Biosciences over 30 days. Willow Biosciences is related to or competes with Cardiol Therapeutics. Willow Biosciences Inc., a biotechnology company, develops, produces, and sells plant derived ingredients for consumer c... More
Willow Biosciences 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 Willow Biosciences' 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 Willow Biosciences upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 31.58 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 6.25 |
Willow Biosciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Willow Biosciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Willow Biosciences' standard deviation. In reality, there are many statistical measures that can use Willow Biosciences historical prices to predict the future Willow Biosciences' volatility.| Risk Adjusted Performance | 0.0043 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | (0.04) |
Willow Biosciences Backtested Returns
Willow Biosciences shows Sharpe Ratio of -0.0211, which attests that the company had a -0.0211% return per unit of risk over the last 3 months. Willow Biosciences exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Willow Biosciences' Standard Deviation of 5.29, market risk adjusted performance of (0.03), and Mean Deviation of 3.55 to validate the risk estimate we provide. The firm maintains a market beta of 0.94, which attests to possible diversification benefits within a given portfolio. Willow Biosciences returns are very sensitive to returns on the market. As the market goes up or down, Willow Biosciences is expected to follow. At this point, Willow Biosciences has a negative expected return of -0.11%. Please make sure to check out Willow Biosciences' treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Willow Biosciences performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.45 |
Modest reverse predictability
Willow Biosciences has modest reverse predictability. Overlapping area represents the amount of predictability between Willow Biosciences time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Willow Biosciences price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Willow Biosciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Willow Biosciences lagged returns against current returns
Autocorrelation, which is Willow Biosciences 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 Willow Biosciences' stock expected returns. We can calculate the autocorrelation of Willow Biosciences returns to help us make a trade decision. For example, suppose you find that Willow Biosciences 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 |
Willow Biosciences 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 Willow Biosciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Willow Biosciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Willow Biosciences stock over time.
Current vs Lagged Prices |
| Timeline |
Willow Biosciences Lagged Returns
When evaluating Willow Biosciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Willow Biosciences stock have on its future price. Willow Biosciences 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, Willow Biosciences autocorrelation shows the relationship between Willow Biosciences stock current value and its past values and can show if there is a momentum factor associated with investing in Willow Biosciences.
Regressed Prices |
| Timeline |
Pair Trading with Willow Biosciences
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 Willow Biosciences 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 Willow Biosciences will appreciate offsetting losses from the drop in the long position's value.Moving together with Willow Stock
Moving against Willow Stock
The ability to find closely correlated positions to Willow Biosciences could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Willow Biosciences 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 Willow Biosciences - 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 Willow Biosciences to buy it.
The correlation of Willow Biosciences 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 Willow Biosciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Willow Biosciences 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 Willow Biosciences 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 Willow Stock
Willow Biosciences financial ratios help investors to determine whether Willow 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 Willow with respect to the benefits of owning Willow Biosciences security.