Wealth Minerals Stock Market Value
| WML Stock | CAD 0.04 0.01 20.00% |
| Symbol | Wealth |
Wealth Minerals Price To Book Ratio
Wealth Minerals '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 Wealth Minerals' 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 Wealth Minerals.
| 12/31/2022 |
| 12/20/2024 |
If you would invest 0.00 in Wealth Minerals on December 31, 2022 and sell it all today you would earn a total of 0.00 from holding Wealth Minerals or generate 0.0% return on investment in Wealth Minerals over 720 days. Wealth Minerals is related to or competes with Sandfire Resources, and Rock Tech. Wealth Minerals Ltd., a junior mineral resource exploration company, engages in the acquisition, exploration, and develo... More
Wealth Minerals 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 Wealth Minerals' 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 Wealth Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (18.18) | |||
| Potential Upside | 12.5 |
Wealth Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wealth Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wealth Minerals' standard deviation. In reality, there are many statistical measures that can use Wealth Minerals historical prices to predict the future Wealth Minerals' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (1.22) | |||
| Total Risk Alpha | (1.43) | |||
| Treynor Ratio | (0.77) |
Wealth Minerals Backtested Returns
Wealth Minerals shows Sharpe Ratio of -0.14, which attests that the company had a -0.14% return per unit of risk over the last 3 months. Wealth Minerals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wealth Minerals' Mean Deviation of 5.04, standard deviation of 8.25, and Market Risk Adjusted Performance of (0.76) to validate the risk estimate we provide. The firm maintains a market beta of 1.54, 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, Wealth Minerals will likely underperform. At this point, Wealth Minerals has a negative expected return of -1.12%. Please make sure to check out Wealth Minerals' total risk alpha and the relationship between the potential upside and market facilitation index , to decide if Wealth Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Wealth Minerals has good predictability. Overlapping area represents the amount of predictability between Wealth Minerals time series from 31st of December 2022 to 26th of December 2023 and 26th of December 2023 to 20th 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 Wealth Minerals price movement. The serial correlation of 0.66 indicates that around 66.0% of current Wealth Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wealth Minerals lagged returns against current returns
Autocorrelation, which is Wealth Minerals 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 Wealth Minerals' stock expected returns. We can calculate the autocorrelation of Wealth Minerals returns to help us make a trade decision. For example, suppose you find that Wealth Minerals 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 |
Wealth Minerals 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 Wealth Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wealth Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wealth Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Wealth Minerals Lagged Returns
When evaluating Wealth Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wealth Minerals stock have on its future price. Wealth Minerals 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, Wealth Minerals autocorrelation shows the relationship between Wealth Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Wealth Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Wealth Stock Analysis
When running Wealth Minerals' price analysis, check to measure Wealth Minerals' 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 Wealth Minerals is operating at the current time. Most of Wealth Minerals' value examination focuses on studying past and present price action to predict the probability of Wealth Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wealth Minerals' price. Additionally, you may evaluate how the addition of Wealth Minerals to your portfolios can decrease your overall portfolio volatility.