WESANA HEALTH's market value is the price at which a share of WESANA HEALTH trades on a public exchange. It measures the collective expectations of WESANA HEALTH HOLD investors about its performance. WESANA HEALTH is trading at 0.0015 as of the 8th of January 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.0015. With this module, you can estimate the performance of a buy and hold strategy of WESANA HEALTH HOLD and determine expected loss or profit from investing in WESANA HEALTH over a given investment horizon. Check out WESANA HEALTH Correlation, WESANA HEALTH Volatility and WESANA HEALTH Alpha and Beta module to complement your research on WESANA HEALTH.
Please note, there is a significant difference between WESANA HEALTH's value and its price as these two are different measures arrived at by different means. Investors typically determine if WESANA HEALTH is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WESANA HEALTH'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.
WESANA HEALTH '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 WESANA HEALTH'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 WESANA HEALTH.
0.00
01/19/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/08/2025
0.00
If you would invest 0.00 in WESANA HEALTH on January 19, 2023 and sell it all today you would earn a total of 0.00 from holding WESANA HEALTH HOLD or generate 0.0% return on investment in WESANA HEALTH over 720 days. WESANA HEALTH is related to or competes with Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, Identiv, and Norsk Hydro. More
WESANA HEALTH 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 WESANA HEALTH'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 WESANA HEALTH HOLD upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for WESANA HEALTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WESANA HEALTH's standard deviation. In reality, there are many statistical measures that can use WESANA HEALTH historical prices to predict the future WESANA HEALTH's volatility.
We have found sixteen technical indicators for WESANA HEALTH HOLD, which you can use to evaluate the volatility of the company. Please check out WESANA HEALTH's Market Risk Adjusted Performance of 1.38, mean deviation of 1.49, and Standard Deviation of 6.15 to validate if the risk estimate we provide is consistent with the expected return of 0.0%. The firm maintains a market beta of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WESANA HEALTH's returns are expected to increase less than the market. However, during the bear market, the loss of holding WESANA HEALTH is expected to be smaller as well. WESANA HEALTH HOLD currently maintains a risk of 0.0%. Please check out WESANA HEALTH HOLD skewness, as well as the relationship between the rate of daily change and day typical price , to decide if WESANA HEALTH HOLD will be following its historical returns.
Auto-correlation
0.44
Average predictability
WESANA HEALTH HOLD has average predictability. Overlapping area represents the amount of predictability between WESANA HEALTH time series from 19th of January 2023 to 14th of January 2024 and 14th of January 2024 to 8th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of WESANA HEALTH HOLD price movement. The serial correlation of 0.44 indicates that just about 44.0% of current WESANA HEALTH price fluctuation can be explain by its past prices.
Correlation Coefficient
0.44
Spearman Rank Test
0.37
Residual Average
0.0
Price Variance
0.0
WESANA HEALTH HOLD lagged returns against current returns
Autocorrelation, which is WESANA HEALTH 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 WESANA HEALTH's stock expected returns. We can calculate the autocorrelation of WESANA HEALTH returns to help us make a trade decision. For example, suppose you find that WESANA HEALTH 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
WESANA HEALTH 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 WESANA HEALTH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WESANA HEALTH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WESANA HEALTH stock over time.
Current vs Lagged Prices
Timeline
WESANA HEALTH Lagged Returns
When evaluating WESANA HEALTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WESANA HEALTH stock have on its future price. WESANA HEALTH 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, WESANA HEALTH autocorrelation shows the relationship between WESANA HEALTH stock current value and its past values and can show if there is a momentum factor associated with investing in WESANA HEALTH HOLD.
WESANA HEALTH financial ratios help investors to determine whether WESANA 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 WESANA with respect to the benefits of owning WESANA HEALTH security.