Wearable Devices Stock Alpha and Beta Analysis
| WLDS Stock | USD 1.45 0.06 3.97% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Wearable Devices. It also helps investors analyze the systematic and unsystematic risks associated with investing in Wearable Devices over a specified time horizon. Remember, high Wearable Devices' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Wearable Devices' market risk premium analysis include:
Beta 0.76 | Alpha (2.54) | Risk 5.2 | Sharpe Ratio (0.46) | Expected Return (2.40) |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Wearable |
Wearable Devices Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Wearable Devices market risk premium is the additional return an investor will receive from holding Wearable Devices long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Wearable Devices. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Wearable Devices' performance over market.| α | -2.54 | β | 0.76 |
Wearable Devices expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Wearable Devices' Buy-and-hold return. Our buy-and-hold chart shows how Wearable Devices performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Wearable Devices Market Price Analysis
Market price analysis indicators help investors to evaluate how Wearable Devices stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wearable Devices shares will generate the highest return on investment. By understating and applying Wearable Devices stock market price indicators, traders can identify Wearable Devices position entry and exit signals to maximize returns.
Wearable Devices Return and Market Media
The median price of Wearable Devices for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 4.58 with a coefficient of variation of 41.1. The daily time series for the period is distributed with a sample standard deviation of 1.9, arithmetic mean of 4.63, and mean deviation of 1.6. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Control Your Apple Watch Like Never Before with Wearable Devices Mudra Band Gesture Control Neural Wristband | 09/19/2024 |
2 | Wearable Devices applies for patent with Korean intellectual property office | 09/26/2024 |
3 | Wearable Devices announces 1-for-20 reverse stock split - Yahoo Finance | 10/08/2024 |
4 | Wearable Devices Unveils Foundational White Paper on the Future of Gesture Control and Neural Interfaces | 10/21/2024 |
5 | Wearable Devices Unveils Revolutionary Neural Wristband for Gesture Control Tech WLDS Stock News - StockTitan | 11/19/2024 |
About Wearable Devices Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Wearable or other stocks. Alpha measures the amount that position in Wearable Devices has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 0.22 | 0.16 | 0.15 | 0.24 | Days Of Inventory On Hand | 259.03 | 86.45 | 6.1K | 6.4K |
Wearable Devices Upcoming Company Events
As portrayed in its financial statements, the presentation of Wearable Devices' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Wearable Devices' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Wearable Devices' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Wearable Devices. Please utilize our Beneish M Score to check the likelihood of Wearable Devices' management manipulating its earnings.
| 27th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
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Additional Tools for Wearable Stock Analysis
When running Wearable Devices' price analysis, check to measure Wearable Devices' 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 Wearable Devices is operating at the current time. Most of Wearable Devices' value examination focuses on studying past and present price action to predict the probability of Wearable Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wearable Devices' price. Additionally, you may evaluate how the addition of Wearable Devices to your portfolios can decrease your overall portfolio volatility.