WA1 Resources (Australia) Market Value
| WA1 Stock | 13.14 0.16 1.20% |
| Symbol | WA1 |
WA1 Resources '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 WA1 Resources' 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 WA1 Resources.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in WA1 Resources on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding WA1 Resources or generate 0.0% return on investment in WA1 Resources over 30 days. WA1 Resources is related to or competes with Insurance Australia, Evolution Mining, Duketon Mining, Andean Silver, Aspire Mining, Peel Mining, and Ora Banda. WA1 Resources is entity of Australia. It is traded as Stock on AU exchange. More
WA1 Resources 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 WA1 Resources' 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 WA1 Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 22.44 | |||
| Value At Risk | (7.21) | |||
| Potential Upside | 6.74 |
WA1 Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WA1 Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WA1 Resources' standard deviation. In reality, there are many statistical measures that can use WA1 Resources historical prices to predict the future WA1 Resources' volatility.| Risk Adjusted Performance | (0.0001) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.08) |
WA1 Resources Backtested Returns
WA1 Resources retains Efficiency (Sharpe Ratio) of -0.0533, which attests that the company had a -0.0533 % return per unit of risk over the last 3 months. WA1 Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WA1 Resources' Information Ratio of (0.01), variance of 17.42, and Market Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WA1 Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding WA1 Resources is expected to be smaller as well. At this point, WA1 Resources has a negative expected return of -0.22%. Please make sure to check out WA1 Resources' mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if WA1 Resources performance from the past will be repeated at some future date.
Auto-correlation | -0.55 |
Good reverse predictability
WA1 Resources has good reverse predictability. Overlapping area represents the amount of predictability between WA1 Resources time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 WA1 Resources price movement. The serial correlation of -0.55 indicates that about 55.0% of current WA1 Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
WA1 Resources lagged returns against current returns
Autocorrelation, which is WA1 Resources 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 WA1 Resources' stock expected returns. We can calculate the autocorrelation of WA1 Resources returns to help us make a trade decision. For example, suppose you find that WA1 Resources 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 |
WA1 Resources 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 WA1 Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WA1 Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WA1 Resources stock over time.
Current vs Lagged Prices |
| Timeline |
WA1 Resources Lagged Returns
When evaluating WA1 Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WA1 Resources stock have on its future price. WA1 Resources 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, WA1 Resources autocorrelation shows the relationship between WA1 Resources stock current value and its past values and can show if there is a momentum factor associated with investing in WA1 Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for WA1 Stock Analysis
When running WA1 Resources' price analysis, check to measure WA1 Resources' 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 WA1 Resources is operating at the current time. Most of WA1 Resources' value examination focuses on studying past and present price action to predict the probability of WA1 Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WA1 Resources' price. Additionally, you may evaluate how the addition of WA1 Resources to your portfolios can decrease your overall portfolio volatility.