Wellnex Life (Australia) Market Value
| WNX Stock | 0.63 0.01 1.61% |
| Symbol | Wellnex |
Wellnex Life '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 Wellnex Life'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 Wellnex Life.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Wellnex Life on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Wellnex Life or generate 0.0% return on investment in Wellnex Life over 30 days. Wellnex Life is related to or competes with Aneka Tambang, Macquarie, Macquarie Group, Challenger, BHP Group, Block, and Rio Tinto. Wellnex Life is entity of Australia. It is traded as Stock on AU exchange. More
Wellnex Life 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 Wellnex Life'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 Wellnex Life upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 48.83 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 17.74 |
Wellnex Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wellnex Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wellnex Life's standard deviation. In reality, there are many statistical measures that can use Wellnex Life historical prices to predict the future Wellnex Life's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | 0.2078 |
Wellnex Life Backtested Returns
Wellnex Life shows Sharpe Ratio of -0.0437, which attests that the company had a -0.0437% return per unit of risk over the last 3 months. Wellnex Life exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wellnex Life's Standard Deviation of 8.34, mean deviation of 5.68, and Market Risk Adjusted Performance of 0.2178 to validate the risk estimate we provide. The firm maintains a market beta of -1.8, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Wellnex Life are expected to decrease by larger amounts. On the other hand, during market turmoil, Wellnex Life is expected to outperform it. At this point, Wellnex Life has a negative expected return of -0.36%. Please make sure to check out Wellnex Life's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Wellnex Life performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
Wellnex Life has modest predictability. Overlapping area represents the amount of predictability between Wellnex Life time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Wellnex Life price movement. The serial correlation of 0.53 indicates that about 53.0% of current Wellnex Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Wellnex Life lagged returns against current returns
Autocorrelation, which is Wellnex Life 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 Wellnex Life's stock expected returns. We can calculate the autocorrelation of Wellnex Life returns to help us make a trade decision. For example, suppose you find that Wellnex Life 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 |
Wellnex Life 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 Wellnex Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wellnex Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wellnex Life stock over time.
Current vs Lagged Prices |
| Timeline |
Wellnex Life Lagged Returns
When evaluating Wellnex Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wellnex Life stock have on its future price. Wellnex Life 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, Wellnex Life autocorrelation shows the relationship between Wellnex Life stock current value and its past values and can show if there is a momentum factor associated with investing in Wellnex Life.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Wellnex Stock Analysis
When running Wellnex Life's price analysis, check to measure Wellnex Life's 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 Wellnex Life is operating at the current time. Most of Wellnex Life's value examination focuses on studying past and present price action to predict the probability of Wellnex Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wellnex Life's price. Additionally, you may evaluate how the addition of Wellnex Life to your portfolios can decrease your overall portfolio volatility.