Weebit Nano Limited Stock Market Value
| WBTNF Stock | USD 1.86 0.06 3.33% |
| Symbol | Weebit |
Weebit Nano '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 Weebit Nano's pink sheet 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 Weebit Nano.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in Weebit Nano on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Weebit Nano Limited or generate 0.0% return on investment in Weebit Nano over 180 days. Weebit Nano is related to or competes with BrainChip Holdings, Broadcom, Advanced Micro, NVIDIA, Skywater Technology, Qualcomm Incorporated, and BrainChip Holdings. Weebit Nano Limited develops a non-volatile memory using a Resistive RAM technology based on fabrication factory materia... More
Weebit Nano 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 Weebit Nano's pink sheet 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 Weebit Nano Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.05 | |||
| Information Ratio | 0.0999 | |||
| Maximum Drawdown | 39.45 | |||
| Value At Risk | (7.80) | |||
| Potential Upside | 12.14 |
Weebit Nano Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weebit Nano's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weebit Nano's standard deviation. In reality, there are many statistical measures that can use Weebit Nano historical prices to predict the future Weebit Nano's volatility.| Risk Adjusted Performance | 0.0891 | |||
| Jensen Alpha | 0.6983 | |||
| Total Risk Alpha | 0.1838 | |||
| Sortino Ratio | 0.1233 | |||
| Treynor Ratio | (2.12) |
Weebit Nano Limited Backtested Returns
Weebit Nano appears to be extremely dangerous, given 3 months investment horizon. Weebit Nano Limited shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. By examining Weebit Nano's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please utilize Weebit Nano's Market Risk Adjusted Performance of (2.11), mean deviation of 4.36, and Downside Deviation of 5.05 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Weebit Nano holds a performance score of 10. The firm maintains a market beta of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Weebit Nano are expected to decrease at a much lower rate. During the bear market, Weebit Nano is likely to outperform the market. Please check Weebit Nano's total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Weebit Nano's historical returns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Weebit Nano Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Weebit Nano time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 Weebit Nano Limited price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Weebit Nano price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Weebit Nano Limited lagged returns against current returns
Autocorrelation, which is Weebit Nano pink sheet'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 Weebit Nano's pink sheet expected returns. We can calculate the autocorrelation of Weebit Nano returns to help us make a trade decision. For example, suppose you find that Weebit Nano has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Weebit Nano 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 Weebit Nano pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weebit Nano pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Weebit Nano pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Weebit Nano Lagged Returns
When evaluating Weebit Nano's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weebit Nano pink sheet have on its future price. Weebit Nano 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, Weebit Nano autocorrelation shows the relationship between Weebit Nano pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Weebit Nano Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Weebit Pink Sheet
Weebit Nano financial ratios help investors to determine whether Weebit Pink Sheet 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 Weebit with respect to the benefits of owning Weebit Nano security.