Wellchange Holdings Stock Market Value
| WCT Stock | 1.33 0.03 2.21% |
| Symbol | Wellchange |
Is Business Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wellchange Holdings. If investors know Wellchange will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wellchange Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Wellchange Holdings is measured differently than its book value, which is the value of Wellchange that is recorded on the company's balance sheet. Investors also form their own opinion of Wellchange Holdings' value that differs from its market value or its book value, called intrinsic value, which is Wellchange Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wellchange Holdings' market value can be influenced by many factors that don't directly affect Wellchange Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wellchange Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wellchange Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wellchange Holdings' 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.
Wellchange Holdings '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 Wellchange Holdings' 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 Wellchange Holdings.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Wellchange Holdings on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Wellchange Holdings or generate 0.0% return on investment in Wellchange Holdings over 30 days. Wellchange Holdings is related to or competes with Nabors Industries, Rocky Mountain, Ingredion Incorporated, Borr Drilling, AKITA Drilling, Awilco Drilling, and Tyson Foods. Wellchange Holdings is entity of United States More
Wellchange Holdings 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 Wellchange Holdings' 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 Wellchange Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 83.82 | |||
| Value At Risk | (13.01) | |||
| Potential Upside | 21.31 |
Wellchange Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wellchange Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wellchange Holdings' standard deviation. In reality, there are many statistical measures that can use Wellchange Holdings historical prices to predict the future Wellchange Holdings' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wellchange Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Wellchange Holdings Backtested Returns
Wellchange Holdings shows Sharpe Ratio of -0.0698, which attests that the company had a -0.0698% return per unit of risk over the last 3 months. Wellchange Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wellchange Holdings' Standard Deviation of 15.01, market risk adjusted performance of (0.10), and Mean Deviation of 8.96 to validate the risk estimate we provide. The firm maintains a market beta of 2.89, which attests to 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, Wellchange Holdings will likely underperform. At this point, Wellchange Holdings has a negative expected return of -1.05%. Please make sure to check out Wellchange Holdings' total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Wellchange Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Wellchange Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between Wellchange Holdings time series from 9th of December 2024 to 24th of December 2024 and 24th of December 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 Wellchange Holdings price movement. The serial correlation of -0.69 indicates that around 69.0% of current Wellchange Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Wellchange Holdings lagged returns against current returns
Autocorrelation, which is Wellchange Holdings 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 Wellchange Holdings' stock expected returns. We can calculate the autocorrelation of Wellchange Holdings returns to help us make a trade decision. For example, suppose you find that Wellchange Holdings 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 |
Wellchange Holdings 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 Wellchange Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wellchange Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wellchange Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Wellchange Holdings Lagged Returns
When evaluating Wellchange Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wellchange Holdings stock have on its future price. Wellchange Holdings 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, Wellchange Holdings autocorrelation shows the relationship between Wellchange Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Wellchange Holdings.
Regressed Prices |
| Timeline |
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Additional Tools for Wellchange Stock Analysis
When running Wellchange Holdings' price analysis, check to measure Wellchange Holdings' 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 Wellchange Holdings is operating at the current time. Most of Wellchange Holdings' value examination focuses on studying past and present price action to predict the probability of Wellchange Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wellchange Holdings' price. Additionally, you may evaluate how the addition of Wellchange Holdings to your portfolios can decrease your overall portfolio volatility.