World Technology Corp Stock Market Value
| HLOC Stock | USD 0.30 0.00 0.00% |
| Symbol | World |
World Technology '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 World Technology'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 World Technology.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in World Technology on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding World Technology Corp or generate 0.0% return on investment in World Technology over 30 days. World Technology is related to or competes with Wearable Devices, LG Display, and GoPro. Helo Corp., a wellness technology company, provides wearable devices for use in the quantified-self wellness market More
World Technology 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 World Technology'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 World Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.8 | |||
| Information Ratio | 0.0399 | |||
| Maximum Drawdown | 73.67 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 12.5 |
World Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for World Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as World Technology's standard deviation. In reality, there are many statistical measures that can use World Technology historical prices to predict the future World Technology's volatility.| Risk Adjusted Performance | 0.0443 | |||
| Jensen Alpha | 0.5671 | |||
| Total Risk Alpha | (0.93) | |||
| Sortino Ratio | 0.0327 | |||
| Treynor Ratio | 7.75 |
World Technology Corp Backtested Returns
World Technology appears to be out of control, given 3 months investment horizon. World Technology Corp shows Sharpe Ratio of 0.0489, which attests that the company had a 0.0489% return per unit of risk over the last 3 months. By examining World Technology's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please utilize World Technology's Mean Deviation of 4.46, downside deviation of 14.8, and Market Risk Adjusted Performance of 7.76 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, World Technology holds a performance score of 3. The firm maintains a market beta of 0.074, which attests to not very significant fluctuations relative to the market. As returns on the market increase, World Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding World Technology is expected to be smaller as well. Please check World Technology's treynor ratio and the relationship between the potential upside and rate of daily change , to make a quick decision on whether World Technology's historical returns will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
World Technology Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between World Technology time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th of December 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 World Technology Corp price movement. The serial correlation of -0.12 indicates that less than 12.0% of current World Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
World Technology Corp lagged returns against current returns
Autocorrelation, which is World Technology 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 World Technology's pink sheet expected returns. We can calculate the autocorrelation of World Technology returns to help us make a trade decision. For example, suppose you find that World Technology 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 |
| Timeline |
World Technology 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 World Technology pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if World Technology pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in World Technology pink sheet over time.
Current vs Lagged Prices |
| Timeline |
World Technology Lagged Returns
When evaluating World Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of World Technology pink sheet have on its future price. World Technology 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, World Technology autocorrelation shows the relationship between World Technology pink sheet current value and its past values and can show if there is a momentum factor associated with investing in World Technology Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in World Pink Sheet
World Technology financial ratios help investors to determine whether World 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 World with respect to the benefits of owning World Technology security.