Current Water Technologies Stock Market Value
| WATR Stock | CAD 0.03 0.01 25.00% |
| Symbol | Current |
Current Water Techno Price To Book Ratio
Current Water '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 Current Water'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 Current Water.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Current Water on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Current Water Technologies or generate 0.0% return on investment in Current Water over 30 days. Current Water is related to or competes with Firan Technology, IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX. Current Water Technologies Inc. engages in the development of environmental technologies More
Current Water 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 Current Water'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 Current Water Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 29.85 | |||
| Information Ratio | 0.0698 | |||
| Maximum Drawdown | 125.0 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Current Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Current Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Current Water's standard deviation. In reality, there are many statistical measures that can use Current Water historical prices to predict the future Current Water's volatility.| Risk Adjusted Performance | 0.0641 | |||
| Jensen Alpha | 1.26 | |||
| Total Risk Alpha | (0.92) | |||
| Sortino Ratio | 0.0432 | |||
| Treynor Ratio | 1.08 |
Current Water Techno Backtested Returns
Current Water is out of control given 3 months investment horizon. Current Water Techno secures Sharpe Ratio (or Efficiency) of 0.0764, which signifies that the company had a 0.0764% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.43% are justified by taking the suggested risk. Use Current Water Mean Deviation of 8.33, risk adjusted performance of 0.0641, and Downside Deviation of 29.85 to evaluate company specific risk that cannot be diversified away. Current Water holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.28, which signifies 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, Current Water will likely underperform. Use Current Water treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to analyze future returns on Current Water.
Auto-correlation | 0.22 |
Weak predictability
Current Water Technologies has weak predictability. Overlapping area represents the amount of predictability between Current Water time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Current Water Techno price movement. The serial correlation of 0.22 indicates that over 22.0% of current Current Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Current Water Techno lagged returns against current returns
Autocorrelation, which is Current Water 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 Current Water's stock expected returns. We can calculate the autocorrelation of Current Water returns to help us make a trade decision. For example, suppose you find that Current Water 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 |
Current Water 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 Current Water stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Current Water stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Current Water stock over time.
Current vs Lagged Prices |
| Timeline |
Current Water Lagged Returns
When evaluating Current Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Current Water stock have on its future price. Current Water 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, Current Water autocorrelation shows the relationship between Current Water stock current value and its past values and can show if there is a momentum factor associated with investing in Current Water Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Current Stock Analysis
When running Current Water's price analysis, check to measure Current Water'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 Current Water is operating at the current time. Most of Current Water's value examination focuses on studying past and present price action to predict the probability of Current Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Current Water's price. Additionally, you may evaluate how the addition of Current Water to your portfolios can decrease your overall portfolio volatility.