Widgie Nickel's market value is the price at which a share of Widgie Nickel trades on a public exchange. It measures the collective expectations of Widgie Nickel Limited investors about its performance. Widgie Nickel is trading at 0.0021 as of the 5th of January 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.0021. With this module, you can estimate the performance of a buy and hold strategy of Widgie Nickel Limited and determine expected loss or profit from investing in Widgie Nickel over a given investment horizon. Check out Widgie Nickel Correlation, Widgie Nickel Volatility and Widgie Nickel Alpha and Beta module to complement your research on Widgie Nickel.
Please note, there is a significant difference between Widgie Nickel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Widgie Nickel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Widgie Nickel's 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.
Widgie Nickel '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 Widgie Nickel'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 Widgie Nickel.
0.00
01/11/2024
No Change 0.00
0.0
In 11 months and 27 days
01/05/2025
0.00
If you would invest 0.00 in Widgie Nickel on January 11, 2024 and sell it all today you would earn a total of 0.00 from holding Widgie Nickel Limited or generate 0.0% return on investment in Widgie Nickel over 360 days. Widgie Nickel is related to or competes with Syrah Resources, and South Star. Widgie Nickel Limited operates as a mineral exploration and development company in Australia More
Widgie Nickel 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 Widgie Nickel'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 Widgie Nickel Limited upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Widgie Nickel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Widgie Nickel's standard deviation. In reality, there are many statistical measures that can use Widgie Nickel historical prices to predict the future Widgie Nickel's volatility.
Widgie Nickel Limited shows Sharpe Ratio of -0.16, which attests that the company had a -0.16% return per unit of risk over the last 3 months. Widgie Nickel Limited exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Widgie Nickel's Standard Deviation of 13.6, market risk adjusted performance of (0.50), and Mean Deviation of 5.48 to validate the risk estimate we provide. The firm maintains a market beta of 4.29, 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, Widgie Nickel will likely underperform. At this point, Widgie Nickel Limited has a negative expected return of -2.28%. Please make sure to check out Widgie Nickel's coefficient of variation, jensen alpha, as well as the relationship between the Jensen Alpha and kurtosis , to decide if Widgie Nickel Limited performance from the past will be repeated at some point in the near future.
Auto-correlation
0.34
Below average predictability
Widgie Nickel Limited has below average predictability. Overlapping area represents the amount of predictability between Widgie Nickel time series from 11th of January 2024 to 9th of July 2024 and 9th of July 2024 to 5th 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 Widgie Nickel Limited price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Widgie Nickel price fluctuation can be explain by its past prices.
Correlation Coefficient
0.34
Spearman Rank Test
-0.65
Residual Average
0.0
Price Variance
0.0
Widgie Nickel Limited lagged returns against current returns
Autocorrelation, which is Widgie Nickel 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 Widgie Nickel's pink sheet expected returns. We can calculate the autocorrelation of Widgie Nickel returns to help us make a trade decision. For example, suppose you find that Widgie Nickel 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
Widgie Nickel 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 Widgie Nickel pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Widgie Nickel pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Widgie Nickel pink sheet over time.
Current vs Lagged Prices
Timeline
Widgie Nickel Lagged Returns
When evaluating Widgie Nickel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Widgie Nickel pink sheet have on its future price. Widgie Nickel 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, Widgie Nickel autocorrelation shows the relationship between Widgie Nickel pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Widgie Nickel Limited.
Other Information on Investing in Widgie Pink Sheet
Widgie Nickel financial ratios help investors to determine whether Widgie 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 Widgie with respect to the benefits of owning Widgie Nickel security.