Wam Capital (Australia) Market Value
| WAM Stock | 1.50 0.01 0.67% |
| Symbol | Wam |
Wam Capital '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 Wam Capital'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 Wam Capital.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Wam Capital on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Wam Capital or generate 0.0% return on investment in Wam Capital over 360 days. Wam Capital is related to or competes with Ainsworth Game, Flagship Investments, Regal Investment, BKI Investment, and Hudson Investment. Wam Capital is entity of Australia. It is traded as Stock on AU exchange. More
Wam Capital 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 Wam Capital'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 Wam Capital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.28 | |||
| Value At Risk | (0.67) | |||
| Potential Upside | 0.6711 |
Wam Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wam Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wam Capital's standard deviation. In reality, there are many statistical measures that can use Wam Capital historical prices to predict the future Wam Capital's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.09) |
Wam Capital Backtested Returns
Wam Capital shows Sharpe Ratio of -0.0281, which attests that the company had a -0.0281% return per unit of risk over the last 3 months. Wam Capital exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wam Capital's Standard Deviation of 0.6473, mean deviation of 0.4721, and Market Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The firm maintains a market beta of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wam Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wam Capital is expected to be smaller as well. At this point, Wam Capital has a negative expected return of -0.018%. Please make sure to check out Wam Capital's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Wam Capital performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
Wam Capital has good predictability. Overlapping area represents the amount of predictability between Wam Capital time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Wam Capital price movement. The serial correlation of 0.74 indicates that around 74.0% of current Wam Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wam Capital lagged returns against current returns
Autocorrelation, which is Wam Capital 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 Wam Capital's stock expected returns. We can calculate the autocorrelation of Wam Capital returns to help us make a trade decision. For example, suppose you find that Wam Capital 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 |
Wam Capital 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 Wam Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wam Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wam Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Wam Capital Lagged Returns
When evaluating Wam Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wam Capital stock have on its future price. Wam Capital 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, Wam Capital autocorrelation shows the relationship between Wam Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Wam Capital.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Wam Stock Analysis
When running Wam Capital's price analysis, check to measure Wam Capital'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 Wam Capital is operating at the current time. Most of Wam Capital's value examination focuses on studying past and present price action to predict the probability of Wam Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wam Capital's price. Additionally, you may evaluate how the addition of Wam Capital to your portfolios can decrease your overall portfolio volatility.