Writ Media Group Stock Market Value
| WRIT Stock | USD 0 0 50.00% |
| Symbol | WRIT |
WRIT Media '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 WRIT Media'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 WRIT Media.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in WRIT Media on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding WRIT Media Group or generate 0.0% return on investment in WRIT Media over 30 days. WRIT Media is related to or competes with News Corp, Fox Corp, and Warner Bros. WRIT Media Group, Inc., through its subsidiaries, operates as a content creation company worldwide More
WRIT Media 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 WRIT Media'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 WRIT Media Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 22.07 | |||
| Information Ratio | 0.0958 | |||
| Maximum Drawdown | 164.29 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 50.0 |
WRIT Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WRIT Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WRIT Media's standard deviation. In reality, there are many statistical measures that can use WRIT Media historical prices to predict the future WRIT Media's volatility.| Risk Adjusted Performance | 0.0866 | |||
| Jensen Alpha | 2.24 | |||
| Total Risk Alpha | 1.61 | |||
| Sortino Ratio | 0.1017 | |||
| Treynor Ratio | 1.69 |
WRIT Media Group Backtested Returns
WRIT Media is out of control given 3 months investment horizon. WRIT Media Group shows Sharpe Ratio of 0.0972, which attests that the company had a 0.0972% return per unit of standard deviation over the last 3 months. We were able to collect and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.28% are justified by taking the suggested risk. Use WRIT Media Group Risk Adjusted Performance of 0.0866, downside deviation of 22.07, and Mean Deviation of 12.91 to evaluate company specific risk that cannot be diversified away. WRIT Media holds a performance score of 7 on a scale of zero to a hundred. The firm maintains a market beta of 1.35, 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, WRIT Media will likely underperform. Use WRIT Media Group maximum drawdown, as well as the relationship between the skewness and day typical price , to analyze future returns on WRIT Media Group.
Auto-correlation | 0.10 |
Insignificant predictability
WRIT Media Group has insignificant predictability. Overlapping area represents the amount of predictability between WRIT Media time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 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 WRIT Media Group price movement. The serial correlation of 0.1 indicates that less than 10.0% of current WRIT Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WRIT Media Group lagged returns against current returns
Autocorrelation, which is WRIT Media 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 WRIT Media's pink sheet expected returns. We can calculate the autocorrelation of WRIT Media returns to help us make a trade decision. For example, suppose you find that WRIT Media 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 |
WRIT Media 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 WRIT Media pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WRIT Media pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WRIT Media pink sheet over time.
Current vs Lagged Prices |
| Timeline |
WRIT Media Lagged Returns
When evaluating WRIT Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WRIT Media pink sheet have on its future price. WRIT Media 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, WRIT Media autocorrelation shows the relationship between WRIT Media pink sheet current value and its past values and can show if there is a momentum factor associated with investing in WRIT Media Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for WRIT Pink Sheet Analysis
When running WRIT Media's price analysis, check to measure WRIT Media'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 WRIT Media is operating at the current time. Most of WRIT Media's value examination focuses on studying past and present price action to predict the probability of WRIT Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WRIT Media's price. Additionally, you may evaluate how the addition of WRIT Media to your portfolios can decrease your overall portfolio volatility.