Wallbridge Mining Stock Market Value
| WM Stock | CAD 0.06 0.01 14.29% |
| Symbol | Wallbridge |
Wallbridge Mining Price To Book Ratio
Wallbridge Mining '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 Wallbridge Mining's 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 Wallbridge Mining.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Wallbridge Mining on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Wallbridge Mining or generate 0.0% return on investment in Wallbridge Mining over 30 days. Wallbridge Mining is related to or competes with Outcrop Gold, and Grande Portage. Wallbridge Mining Company Limited engages in the acquisition, discovery, development, and production of metals More
Wallbridge Mining 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 Wallbridge Mining's 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 Wallbridge Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.44 | |||
| Information Ratio | 0.0373 | |||
| Maximum Drawdown | 30.95 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Wallbridge Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wallbridge Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wallbridge Mining's standard deviation. In reality, there are many statistical measures that can use Wallbridge Mining historical prices to predict the future Wallbridge Mining's volatility.| Risk Adjusted Performance | 0.0416 | |||
| Jensen Alpha | 0.3076 | |||
| Total Risk Alpha | 0.1001 | |||
| Sortino Ratio | 0.0233 | |||
| Treynor Ratio | 0.2653 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wallbridge Mining'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.
Wallbridge Mining Backtested Returns
As of now, Wallbridge Stock is out of control. Wallbridge Mining shows Sharpe Ratio of 0.0115, which attests that the company had a 0.0115% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wallbridge Mining, which you can use to evaluate the volatility of the company. Please check out Wallbridge Mining's Market Risk Adjusted Performance of 0.2753, downside deviation of 13.44, and Mean Deviation of 5.23 to validate if the risk estimate we provide is consistent with the expected return of 0.0946%. The firm maintains a market beta of 1.27, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Wallbridge Mining will likely underperform. Wallbridge Mining right now maintains a risk of 8.22%. Please check out Wallbridge Mining maximum drawdown, as well as the relationship between the expected short fall and day median price , to decide if Wallbridge Mining will be following its historical returns.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Wallbridge Mining has insignificant reverse predictability. Overlapping area represents the amount of predictability between Wallbridge Mining time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Wallbridge Mining price movement. The serial correlation of -0.19 indicates that over 19.0% of current Wallbridge Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wallbridge Mining lagged returns against current returns
Autocorrelation, which is Wallbridge Mining 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 Wallbridge Mining's stock expected returns. We can calculate the autocorrelation of Wallbridge Mining returns to help us make a trade decision. For example, suppose you find that Wallbridge Mining 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 |
Wallbridge Mining 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 Wallbridge Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wallbridge Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wallbridge Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Wallbridge Mining Lagged Returns
When evaluating Wallbridge Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wallbridge Mining stock have on its future price. Wallbridge Mining 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, Wallbridge Mining autocorrelation shows the relationship between Wallbridge Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Wallbridge Mining.
Regressed Prices |
| Timeline |
Pair Trading with Wallbridge Mining
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 Wallbridge Mining 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 Wallbridge Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Wallbridge Stock
Moving against Wallbridge Stock
| 0.76 | TCS | TECSYS Inc | PairCorr |
| 0.73 | ERE-UN | European Residential Real | PairCorr |
| 0.71 | FFH | Fairfax Financial | PairCorr |
| 0.7 | DBO | D Box Technologies | PairCorr |
| 0.67 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Wallbridge Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wallbridge Mining 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 Wallbridge Mining - 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 Wallbridge Mining to buy it.
The correlation of Wallbridge Mining 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 Wallbridge Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wallbridge Mining 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 Wallbridge Mining 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 Wallbridge Stock
Wallbridge Mining financial ratios help investors to determine whether Wallbridge Stock 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 Wallbridge with respect to the benefits of owning Wallbridge Mining security.