Welltek Incorporated Stock Market Value
| WTKN Stock | USD 0.0001 0.00 0.00% |
| Symbol | WellTek |
WellTek Incorporated '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 WellTek Incorporated's pink sheet 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 WellTek Incorporated.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in WellTek Incorporated on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding WellTek Incorporated or generate 0.0% return on investment in WellTek Incorporated over 720 days. It also focuses on acquiring and creating propriety and original content More
WellTek Incorporated 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 WellTek Incorporated's pink sheet 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 WellTek Incorporated upside and downside potential and time the market with a certain degree of confidence.
WellTek Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WellTek Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WellTek Incorporated's standard deviation. In reality, there are many statistical measures that can use WellTek Incorporated historical prices to predict the future WellTek Incorporated's volatility.WellTek Incorporated Backtested Returns
We have found three technical indicators for WellTek Incorporated, which you can use to evaluate the volatility of the company. The firm maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and WellTek Incorporated are completely uncorrelated.
Auto-correlation | -0.51 |
Good reverse predictability
WellTek Incorporated has good reverse predictability. Overlapping area represents the amount of predictability between WellTek Incorporated time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 WellTek Incorporated price movement. The serial correlation of -0.51 indicates that about 51.0% of current WellTek Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WellTek Incorporated lagged returns against current returns
Autocorrelation, which is WellTek Incorporated pink sheet'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 WellTek Incorporated's pink sheet expected returns. We can calculate the autocorrelation of WellTek Incorporated returns to help us make a trade decision. For example, suppose you find that WellTek Incorporated has exhibited high autocorrelation historically, and you observe that the pink sheet 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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WellTek Incorporated 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 WellTek Incorporated pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WellTek Incorporated pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WellTek Incorporated pink sheet over time.
Current vs Lagged Prices |
| Timeline |
WellTek Incorporated Lagged Returns
When evaluating WellTek Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WellTek Incorporated pink sheet have on its future price. WellTek Incorporated 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, WellTek Incorporated autocorrelation shows the relationship between WellTek Incorporated pink sheet current value and its past values and can show if there is a momentum factor associated with investing in WellTek Incorporated.
Regressed Prices |
| Timeline |
Pair Trading with WellTek Incorporated
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 WellTek Incorporated 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 WellTek Incorporated will appreciate offsetting losses from the drop in the long position's value.Moving together with WellTek Pink Sheet
Moving against WellTek Pink Sheet
The ability to find closely correlated positions to WellTek Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WellTek Incorporated 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 WellTek Incorporated - 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 WellTek Incorporated to buy it.
The correlation of WellTek Incorporated 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 WellTek Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WellTek Incorporated 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 WellTek Incorporated 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 WellTek Pink Sheet
WellTek Incorporated financial ratios help investors to determine whether WellTek Pink Sheet 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 WellTek with respect to the benefits of owning WellTek Incorporated security.