Wrap Technologies Stock Market Value
| WRAP Stock | USD 1.50 0.01 0.67% |
| Symbol | Wrap |
Wrap Technologies Price To Book Ratio
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wrap Technologies. If investors know Wrap will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wrap Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.41) | Revenue Per Share 0.165 | Quarterly Revenue Growth 0.309 | Return On Assets (0.40) | Return On Equity (1.82) |
The market value of Wrap Technologies is measured differently than its book value, which is the value of Wrap that is recorded on the company's balance sheet. Investors also form their own opinion of Wrap Technologies' value that differs from its market value or its book value, called intrinsic value, which is Wrap Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wrap Technologies' market value can be influenced by many factors that don't directly affect Wrap Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wrap Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wrap Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wrap Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Wrap Technologies '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 Wrap Technologies' 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 Wrap Technologies.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Wrap Technologies on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Wrap Technologies or generate 0.0% return on investment in Wrap Technologies over 30 days. Wrap Technologies is related to or competes with Red Cat, WiSA Technologies, VerifyMe, and Oblong. Wrap Technologies, Inc., a public safety technology and services company, develops policing solutions to law enforcement... More
Wrap Technologies 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 Wrap Technologies' 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 Wrap Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.06 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 25.5 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 8.52 |
Wrap Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wrap Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wrap Technologies' standard deviation. In reality, there are many statistical measures that can use Wrap Technologies historical prices to predict the future Wrap Technologies' volatility.| Risk Adjusted Performance | 0.0124 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0183 |
Wrap Technologies Backtested Returns
Wrap Technologies shows Sharpe Ratio of -0.0035, which attests that the company had a -0.0035% return per unit of risk over the last 3 months. Wrap Technologies exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wrap Technologies' Market Risk Adjusted Performance of 0.0283, mean deviation of 3.18, and Downside Deviation of 4.06 to validate the risk estimate we provide. The firm maintains a market beta of 0.76, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wrap Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Wrap Technologies is expected to be smaller as well. At this point, Wrap Technologies has a negative expected return of -0.0157%. Please make sure to check out Wrap Technologies' jensen alpha, skewness, relative strength index, as well as the relationship between the value at risk and day median price , to decide if Wrap Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Wrap Technologies has average predictability. Overlapping area represents the amount of predictability between Wrap Technologies time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Wrap Technologies price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Wrap Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wrap Technologies lagged returns against current returns
Autocorrelation, which is Wrap Technologies 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 Wrap Technologies' stock expected returns. We can calculate the autocorrelation of Wrap Technologies returns to help us make a trade decision. For example, suppose you find that Wrap Technologies 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 |
Wrap Technologies 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 Wrap Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wrap Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wrap Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Wrap Technologies Lagged Returns
When evaluating Wrap Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wrap Technologies stock have on its future price. Wrap Technologies 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, Wrap Technologies autocorrelation shows the relationship between Wrap Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Wrap Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Wrap Technologies
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 Wrap Technologies 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 Wrap Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Wrap Stock
The ability to find closely correlated positions to Wrap Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wrap Technologies 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 Wrap Technologies - 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 Wrap Technologies to buy it.
The correlation of Wrap Technologies 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 Wrap Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wrap Technologies 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 Wrap Technologies 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.Additional Tools for Wrap Stock Analysis
When running Wrap Technologies' price analysis, check to measure Wrap Technologies' 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 Wrap Technologies is operating at the current time. Most of Wrap Technologies' value examination focuses on studying past and present price action to predict the probability of Wrap Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wrap Technologies' price. Additionally, you may evaluate how the addition of Wrap Technologies to your portfolios can decrease your overall portfolio volatility.