Wonder Electricals (India) Market Value
| WEL Stock | 163.26 5.89 3.74% |
| Symbol | Wonder |
Wonder Electricals '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 Wonder Electricals' 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 Wonder Electricals.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Wonder Electricals on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Wonder Electricals Limited or generate 0.0% return on investment in Wonder Electricals over 720 days. Wonder Electricals is related to or competes with Kaushalya Infrastructure, Tarapur Transformers, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, and Delta Manufacturing. Wonder Electricals is entity of India. It is traded as Stock on NSE exchange. More
Wonder Electricals 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 Wonder Electricals' 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 Wonder Electricals Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.68 | |||
| Information Ratio | 0.0333 | |||
| Maximum Drawdown | 18.36 | |||
| Value At Risk | (6.53) | |||
| Potential Upside | 7.56 |
Wonder Electricals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wonder Electricals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wonder Electricals' standard deviation. In reality, there are many statistical measures that can use Wonder Electricals historical prices to predict the future Wonder Electricals' volatility.| Risk Adjusted Performance | 0.0438 | |||
| Jensen Alpha | 0.1227 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0347 | |||
| Treynor Ratio | 0.1425 |
Wonder Electricals Backtested Returns
Wonder Electricals appears to be very steady, given 3 months investment horizon. Wonder Electricals shows Sharpe Ratio of 0.0607, which attests that the company had a 0.0607% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wonder Electricals, which you can use to evaluate the volatility of the company. Please utilize Wonder Electricals' Mean Deviation of 2.66, market risk adjusted performance of 0.1525, and Downside Deviation of 3.68 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wonder Electricals holds a performance score of 4. The firm maintains a market beta of 1.14, which attests to a somewhat significant risk relative to the market. Wonder Electricals returns are very sensitive to returns on the market. As the market goes up or down, Wonder Electricals is expected to follow. Please check Wonder Electricals' expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Wonder Electricals' historical returns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Wonder Electricals Limited has virtually no predictability. Overlapping area represents the amount of predictability between Wonder Electricals time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Wonder Electricals price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Wonder Electricals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 6237.77 |
Wonder Electricals lagged returns against current returns
Autocorrelation, which is Wonder Electricals 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 Wonder Electricals' stock expected returns. We can calculate the autocorrelation of Wonder Electricals returns to help us make a trade decision. For example, suppose you find that Wonder Electricals 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 |
Wonder Electricals 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 Wonder Electricals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wonder Electricals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wonder Electricals stock over time.
Current vs Lagged Prices |
| Timeline |
Wonder Electricals Lagged Returns
When evaluating Wonder Electricals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wonder Electricals stock have on its future price. Wonder Electricals 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, Wonder Electricals autocorrelation shows the relationship between Wonder Electricals stock current value and its past values and can show if there is a momentum factor associated with investing in Wonder Electricals Limited.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Wonder Stock
Wonder Electricals financial ratios help investors to determine whether Wonder Stock 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 Wonder with respect to the benefits of owning Wonder Electricals security.