Wheaton Precious (UK) Market Value
| WPM Stock | 4,960 120.00 2.36% |
| Symbol | Wheaton |
Wheaton Precious '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 Wheaton Precious' 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 Wheaton Precious.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Wheaton Precious on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Wheaton Precious Metals or generate 0.0% return on investment in Wheaton Precious over 510 days. Wheaton Precious is related to or competes with Atalaya Mining, IShares Physical, Indutrade, Anglesey Mining, Eastinco Mining, BE Semiconductor, and Elmos Semiconductor. Wheaton Precious is entity of United Kingdom More
Wheaton Precious 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 Wheaton Precious' 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 Wheaton Precious Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.34 | |||
| Information Ratio | 0.0117 | |||
| Maximum Drawdown | 18.21 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 4.95 |
Wheaton Precious Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wheaton Precious' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wheaton Precious' standard deviation. In reality, there are many statistical measures that can use Wheaton Precious historical prices to predict the future Wheaton Precious' volatility.| Risk Adjusted Performance | 0.0486 | |||
| Jensen Alpha | 0.1369 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0107 | |||
| Treynor Ratio | 1.04 |
Wheaton Precious Metals Backtested Returns
At this point, Wheaton Precious is very steady. Wheaton Precious Metals shows Sharpe Ratio of 0.0572, which attests that the company had a 0.0572% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wheaton Precious Metals, which you can use to evaluate the volatility of the company. Please check out Wheaton Precious' Mean Deviation of 2.17, downside deviation of 3.34, and Market Risk Adjusted Performance of 1.05 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Wheaton Precious has a performance score of 4 on a scale of 0 to 100. The firm maintains a market beta of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wheaton Precious' returns are expected to increase less than the market. However, during the bear market, the loss of holding Wheaton Precious is expected to be smaller as well. Wheaton Precious Metals right now maintains a risk of 3.05%. Please check out Wheaton Precious Metals jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Wheaton Precious Metals will be following its historical returns.
Auto-correlation | 0.36 |
Below average predictability
Wheaton Precious Metals has below average predictability. Overlapping area represents the amount of predictability between Wheaton Precious time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Wheaton Precious Metals price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Wheaton Precious price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 154.6 K |
Wheaton Precious Metals lagged returns against current returns
Autocorrelation, which is Wheaton Precious 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 Wheaton Precious' stock expected returns. We can calculate the autocorrelation of Wheaton Precious returns to help us make a trade decision. For example, suppose you find that Wheaton Precious 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 |
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Wheaton Precious 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 Wheaton Precious stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wheaton Precious stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wheaton Precious stock over time.
Current vs Lagged Prices |
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Wheaton Precious Lagged Returns
When evaluating Wheaton Precious' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wheaton Precious stock have on its future price. Wheaton Precious 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, Wheaton Precious autocorrelation shows the relationship between Wheaton Precious stock current value and its past values and can show if there is a momentum factor associated with investing in Wheaton Precious Metals.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Wheaton Precious Metals is a strong investment it is important to analyze Wheaton Precious' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Wheaton Precious' future performance. For an informed investment choice regarding Wheaton Stock, refer to the following important reports:Check out Wheaton Precious Correlation, Wheaton Precious Volatility and Wheaton Precious Alpha and Beta module to complement your research on Wheaton Precious. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Wheaton Precious technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.