Winsome Resources Limited Stock Market Value
| WRSLF Stock | 0.32 0.02 5.88% |
| Symbol | Winsome |
Winsome 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 Winsome Resources' otc 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 Winsome Resources.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Winsome Resources on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Winsome Resources Limited or generate 0.0% return on investment in Winsome Resources over 30 days. Winsome Resources is related to or competes with Ardelyx, Spyre Therapeutics, Abcellera Biologics, QBE Insurance, Sellas Life, Tarsus Pharmaceuticals, and Inhibrx. More
Winsome 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 Winsome Resources' otc 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 Winsome Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.32 | |||
| Information Ratio | 0.0042 | |||
| Maximum Drawdown | 47.92 | |||
| Value At Risk | (8.57) | |||
| Potential Upside | 10.53 |
Winsome Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Winsome Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Winsome Resources' standard deviation. In reality, there are many statistical measures that can use Winsome Resources historical prices to predict the future Winsome Resources' volatility.| Risk Adjusted Performance | 0.0272 | |||
| Jensen Alpha | 0.0872 | |||
| Total Risk Alpha | (0.89) | |||
| Sortino Ratio | 0.0025 | |||
| Treynor Ratio | 0.2925 |
Winsome Resources Backtested Returns
At this point, Winsome Resources is out of control. Winsome Resources shows Sharpe Ratio of 0.0104, which attests that the company had a 0.0104% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Winsome Resources, which you can use to evaluate the volatility of the company. Please check out Winsome Resources' Mean Deviation of 2.76, downside deviation of 11.32, and Market Risk Adjusted Performance of 0.3025 to validate if the risk estimate we provide is consistent with the expected return of 0.0696%. The firm maintains a market beta of 0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Winsome Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Winsome Resources is expected to be smaller as well. Winsome Resources right now maintains a risk of 6.7%. Please check out Winsome Resources maximum drawdown and the relationship between the semi variance and price action indicator , to decide if Winsome Resources will be following its historical returns.
Auto-correlation | -0.33 |
Poor reverse predictability
Winsome Resources Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Winsome Resources time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Winsome Resources price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Winsome Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Winsome Resources lagged returns against current returns
Autocorrelation, which is Winsome Resources otc 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 Winsome Resources' otc stock expected returns. We can calculate the autocorrelation of Winsome Resources returns to help us make a trade decision. For example, suppose you find that Winsome Resources has exhibited high autocorrelation historically, and you observe that the otc 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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Winsome 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 Winsome Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Winsome Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Winsome Resources otc stock over time.
Current vs Lagged Prices |
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Winsome Resources Lagged Returns
When evaluating Winsome Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Winsome Resources otc stock have on its future price. Winsome 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, Winsome Resources autocorrelation shows the relationship between Winsome Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Winsome Resources Limited.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Winsome OTC Stock
Winsome Resources financial ratios help investors to determine whether Winsome OTC 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 Winsome with respect to the benefits of owning Winsome Resources security.