Well Health Technologies Stock Market Value
| WELL Stock | CAD 5.20 0.13 2.56% |
| Symbol | WELL |
WELL Health '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 WELL Health'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 WELL Health.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in WELL Health on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding WELL Health Technologies or generate 0.0% return on investment in WELL Health over 90 days. WELL Health is related to or competes with Lightspeed Commerce, Goodfood Market, and Docebo. WELL Health Technologies Corp. operates as a practitioner focused digital health company in Canada, the United States, a... More
WELL Health 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 WELL Health'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 WELL Health Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 10.35 | |||
| Value At Risk | (4.80) | |||
| Potential Upside | 2.86 |
WELL Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WELL Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WELL Health's standard deviation. In reality, there are many statistical measures that can use WELL Health historical prices to predict the future WELL Health's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.8168 |
WELL Health Technologies Backtested Returns
WELL Health Technologies shows Sharpe Ratio of -0.19, which attests that the company had a -0.19 % return per unit of standard deviation over the last 3 months. WELL Health Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WELL Health's Standard Deviation of 2.34, mean deviation of 1.85, and Risk Adjusted Performance of (0.16) to validate the risk estimate we provide. The firm maintains a market beta of -0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WELL Health are expected to decrease at a much lower rate. During the bear market, WELL Health is likely to outperform the market. At this point, WELL Health Technologies has a negative expected return of -0.45%. Please make sure to check out WELL Health's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if WELL Health Technologies performance from the past will be repeated at future time.
Auto-correlation | 0.82 |
Very good predictability
WELL Health Technologies has very good predictability. Overlapping area represents the amount of predictability between WELL Health time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 WELL Health Technologies price movement. The serial correlation of 0.82 indicates that around 82.0% of current WELL Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
WELL Health Technologies lagged returns against current returns
Autocorrelation, which is WELL Health 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 WELL Health's stock expected returns. We can calculate the autocorrelation of WELL Health returns to help us make a trade decision. For example, suppose you find that WELL Health 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 |
WELL Health 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 WELL Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WELL Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WELL Health stock over time.
Current vs Lagged Prices |
| Timeline |
WELL Health Lagged Returns
When evaluating WELL Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WELL Health stock have on its future price. WELL Health 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, WELL Health autocorrelation shows the relationship between WELL Health stock current value and its past values and can show if there is a momentum factor associated with investing in WELL Health Technologies.
Regressed Prices |
| Timeline |
Other Information on Investing in WELL Stock
WELL Health financial ratios help investors to determine whether WELL 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 WELL with respect to the benefits of owning WELL Health security.