Waseco Resources Stock Market Value
| WRI Stock | CAD 0.02 0.01 33.33% |
| Symbol | Waseco |
Waseco 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 Waseco 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 Waseco Resources.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Waseco Resources on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Waseco Resources or generate 0.0% return on investment in Waseco Resources over 30 days. Waseco Resources is related to or competes with Global X, Financial, Rubicon Organics, Amazon CDR, First Trust, and Rocky Mountain. Waseco Resources Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties More
Waseco 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 Waseco 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 Waseco Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0491 | |||
| Maximum Drawdown | 83.33 |
Waseco Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Waseco Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Waseco Resources' standard deviation. In reality, there are many statistical measures that can use Waseco Resources historical prices to predict the future Waseco Resources' volatility.| Risk Adjusted Performance | 0.0545 | |||
| Jensen Alpha | 1.4 | |||
| Total Risk Alpha | (1.19) | |||
| Treynor Ratio | (0.13) |
Waseco Resources Backtested Returns
Waseco Resources appears to be out of control, given 3 months investment horizon. Waseco Resources shows Sharpe Ratio of 0.0606, which attests that the company had a 0.0606% return per unit of risk over the last 3 months. By examining Waseco Resources' technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please utilize Waseco Resources' Mean Deviation of 4.48, market risk adjusted performance of (0.12), and Standard Deviation of 12.89 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Waseco Resources holds a performance score of 4. The firm maintains a market beta of -5.62, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Waseco Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Waseco Resources is expected to outperform it. Please check Waseco Resources' variance, as well as the relationship between the skewness and day median price , to make a quick decision on whether Waseco Resources' historical returns will revert.
Auto-correlation | 0.63 |
Good predictability
Waseco Resources has good predictability. Overlapping area represents the amount of predictability between Waseco 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 Waseco Resources price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Waseco Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Waseco Resources lagged returns against current returns
Autocorrelation, which is Waseco 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 Waseco Resources' stock expected returns. We can calculate the autocorrelation of Waseco Resources returns to help us make a trade decision. For example, suppose you find that Waseco 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 |
Waseco 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 Waseco Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Waseco Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Waseco Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Waseco Resources Lagged Returns
When evaluating Waseco Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Waseco Resources stock have on its future price. Waseco 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, Waseco Resources autocorrelation shows the relationship between Waseco Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Waseco Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Waseco Stock Analysis
When running Waseco Resources' price analysis, check to measure Waseco 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 Waseco Resources is operating at the current time. Most of Waseco Resources' value examination focuses on studying past and present price action to predict the probability of Waseco Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Waseco Resources' price. Additionally, you may evaluate how the addition of Waseco Resources to your portfolios can decrease your overall portfolio volatility.