Welsbach Technology Metals Stock Market Value
| WTMA Stock | USD 11.26 0.00 0.00% |
| Symbol | Welsbach |
Welsbach Technology Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Welsbach Technology. If investors know Welsbach will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Welsbach Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.06) | Return On Assets (0.03) |
The market value of Welsbach Technology is measured differently than its book value, which is the value of Welsbach that is recorded on the company's balance sheet. Investors also form their own opinion of Welsbach Technology's value that differs from its market value or its book value, called intrinsic value, which is Welsbach Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Welsbach Technology's market value can be influenced by many factors that don't directly affect Welsbach Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Welsbach Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Welsbach Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Welsbach Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Welsbach Technology '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 Welsbach Technology'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 Welsbach Technology.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Welsbach Technology on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Welsbach Technology Metals or generate 0.0% return on investment in Welsbach Technology over 90 days. Welsbach Technology is related to or competes with Finnovate Acquisition, and Broad Capital. Welsbach Technology Metals Acquisition Corp More
Welsbach Technology 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 Welsbach Technology'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 Welsbach Technology Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8388 | |||
| Information Ratio | (0.42) | |||
| Maximum Drawdown | 1.7 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.546 |
Welsbach Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Welsbach Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Welsbach Technology's standard deviation. In reality, there are many statistical measures that can use Welsbach Technology historical prices to predict the future Welsbach Technology's volatility.| Risk Adjusted Performance | 0.0064 | |||
| Jensen Alpha | 0.005 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.0287 |
Welsbach Technology Backtested Returns
At this point, Welsbach Technology is very steady. Welsbach Technology 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. We have found twenty-four technical indicators for Welsbach Technology, which you can use to evaluate the volatility of the company. Please check out Welsbach Technology's Mean Deviation of 0.1161, downside deviation of 0.8388, and Market Risk Adjusted Performance of 0.0387 to validate if the risk estimate we provide is consistent with the expected return of 0.0297%. Welsbach Technology has a performance score of 10 on a scale of 0 to 100. The firm maintains a market beta of -0.0501, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Welsbach Technology are expected to decrease at a much lower rate. During the bear market, Welsbach Technology is likely to outperform the market. Welsbach Technology right now maintains a risk of 0.22%. Please check out Welsbach Technology treynor ratio, as well as the relationship between the downside variance and kurtosis , to decide if Welsbach Technology will be following its historical returns.
Auto-correlation | -0.43 |
Modest reverse predictability
Welsbach Technology Metals has modest reverse predictability. Overlapping area represents the amount of predictability between Welsbach Technology time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Welsbach Technology price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Welsbach Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Welsbach Technology lagged returns against current returns
Autocorrelation, which is Welsbach Technology 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 Welsbach Technology's stock expected returns. We can calculate the autocorrelation of Welsbach Technology returns to help us make a trade decision. For example, suppose you find that Welsbach Technology 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 |
Welsbach Technology 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 Welsbach Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Welsbach Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Welsbach Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Welsbach Technology Lagged Returns
When evaluating Welsbach Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Welsbach Technology stock have on its future price. Welsbach Technology 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, Welsbach Technology autocorrelation shows the relationship between Welsbach Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Welsbach Technology Metals.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Welsbach Technology is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Welsbach Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Welsbach Technology Metals Stock. Highlighted below are key reports to facilitate an investment decision about Welsbach Technology Metals Stock:Check out Welsbach Technology Correlation, Welsbach Technology Volatility and Welsbach Technology Alpha and Beta module to complement your research on Welsbach Technology. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Welsbach Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.