Washtec Ag Stock Market Value
| WHTCF Stock | USD 4.98 0.06 1.22% |
| Symbol | WashTec |
WashTec AG '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 WashTec AG'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 WashTec AG.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in WashTec AG on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding WashTec AG or generate 0.0% return on investment in WashTec AG over 30 days. WashTec AG is related to or competes with Ramsay Health, Medical Facilities, Fresenius, and Nova Leap. WELL Health Technologies Corp. operates as a practitioner focused digital health company in Canada, the United States, a... More
WashTec AG 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 WashTec AG'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 WashTec AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | 0.2456 | |||
| Maximum Drawdown | 15.34 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 5.93 |
WashTec AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WashTec AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WashTec AG's standard deviation. In reality, there are many statistical measures that can use WashTec AG historical prices to predict the future WashTec AG's volatility.| Risk Adjusted Performance | 0.211 | |||
| Jensen Alpha | 0.6872 | |||
| Total Risk Alpha | 0.6171 | |||
| Sortino Ratio | 0.2963 | |||
| Treynor Ratio | 2.41 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WashTec AG's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
WashTec AG Backtested Returns
WashTec AG appears to be slightly risky, given 3 months investment horizon. WashTec AG shows Sharpe Ratio of 0.27, which attests that the company had a 0.27% return per unit of risk over the last 3 months. By examining WashTec AG's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please utilize WashTec AG's Mean Deviation of 2.0, market risk adjusted performance of 2.42, and Downside Deviation of 2.27 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WashTec AG holds a performance score of 21. The firm maintains a market beta of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WashTec AG's returns are expected to increase less than the market. However, during the bear market, the loss of holding WashTec AG is expected to be smaller as well. Please check WashTec AG's potential upside, as well as the relationship between the skewness and day median price , to make a quick decision on whether WashTec AG's historical returns will revert.
Auto-correlation | 0.83 |
Very good predictability
WashTec AG has very good predictability. Overlapping area represents the amount of predictability between WashTec AG time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 WashTec AG price movement. The serial correlation of 0.83 indicates that around 83.0% of current WashTec AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
WashTec AG lagged returns against current returns
Autocorrelation, which is WashTec AG 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 WashTec AG's pink sheet expected returns. We can calculate the autocorrelation of WashTec AG returns to help us make a trade decision. For example, suppose you find that WashTec AG 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 |
WashTec AG 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 WashTec AG pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WashTec AG pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WashTec AG pink sheet over time.
Current vs Lagged Prices |
| Timeline |
WashTec AG Lagged Returns
When evaluating WashTec AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WashTec AG pink sheet have on its future price. WashTec AG 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, WashTec AG autocorrelation shows the relationship between WashTec AG pink sheet current value and its past values and can show if there is a momentum factor associated with investing in WashTec AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in WashTec Pink Sheet
WashTec AG financial ratios help investors to determine whether WashTec 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 WashTec with respect to the benefits of owning WashTec AG security.