Wam Leaders (Australia) Market Value
| WLE Stock | 1.25 0.01 0.81% |
| Symbol | Wam |
Wam Leaders '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 Wam Leaders' 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 Wam Leaders.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Wam Leaders on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Wam Leaders or generate 0.0% return on investment in Wam Leaders over 720 days. Wam Leaders is related to or competes with Ramsay Health, WiseTech Global, Treasury Wine, Oneview Healthcare, and Dexus Convenience. Wam Leaders is entity of Australia. It is traded as Stock on AU exchange. More
Wam Leaders 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 Wam Leaders' 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 Wam Leaders upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.38 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.55 |
Wam Leaders Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wam Leaders' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wam Leaders' standard deviation. In reality, there are many statistical measures that can use Wam Leaders historical prices to predict the future Wam Leaders' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.37) |
Wam Leaders Backtested Returns
Wam Leaders shows Sharpe Ratio of -0.0199, which attests that the company had a -0.0199% return per unit of risk over the last 3 months. Wam Leaders exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wam Leaders' Market Risk Adjusted Performance of (0.36), mean deviation of 0.6631, and Standard Deviation of 0.9733 to validate the risk estimate we provide. The firm maintains a market beta of 0.08, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wam Leaders' returns are expected to increase less than the market. However, during the bear market, the loss of holding Wam Leaders is expected to be smaller as well. At this point, Wam Leaders has a negative expected return of -0.0194%. Please make sure to check out Wam Leaders' maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Wam Leaders performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Wam Leaders has insignificant predictability. Overlapping area represents the amount of predictability between Wam Leaders time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Wam Leaders price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Wam Leaders price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wam Leaders lagged returns against current returns
Autocorrelation, which is Wam Leaders 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 Wam Leaders' stock expected returns. We can calculate the autocorrelation of Wam Leaders returns to help us make a trade decision. For example, suppose you find that Wam Leaders has exhibited high autocorrelation historically, and you observe that the 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 |
| Timeline |
Wam Leaders 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 Wam Leaders stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wam Leaders stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wam Leaders stock over time.
Current vs Lagged Prices |
| Timeline |
Wam Leaders Lagged Returns
When evaluating Wam Leaders' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wam Leaders stock have on its future price. Wam Leaders 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, Wam Leaders autocorrelation shows the relationship between Wam Leaders stock current value and its past values and can show if there is a momentum factor associated with investing in Wam Leaders.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Wam Stock Analysis
When running Wam Leaders' price analysis, check to measure Wam Leaders' 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 Wam Leaders is operating at the current time. Most of Wam Leaders' value examination focuses on studying past and present price action to predict the probability of Wam Leaders' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wam Leaders' price. Additionally, you may evaluate how the addition of Wam Leaders to your portfolios can decrease your overall portfolio volatility.