Wetouch Technology Common Stock Market Value
| WETH Stock | USD 1.71 0.09 5.00% |
| Symbol | Wetouch |
Wetouch Technology '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 Wetouch Technology's otc 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 Wetouch Technology.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Wetouch Technology on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Wetouch Technology Common or generate 0.0% return on investment in Wetouch Technology over 60 days. Wetouch Technology is related to or competes with Western Capital, Tree Island, and Ferrexpo PLC. Wetouch Technology Inc. engages in the research, development, manufacture, sale, and servicing of medium to large sized ... More
Wetouch Technology 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 Wetouch Technology's otc 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 Wetouch Technology Common upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.66 | |||
| Information Ratio | 0.0266 | |||
| Maximum Drawdown | 53.66 | |||
| Value At Risk | (7.78) | |||
| Potential Upside | 7.78 |
Wetouch Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wetouch Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wetouch Technology's standard deviation. In reality, there are many statistical measures that can use Wetouch Technology historical prices to predict the future Wetouch Technology's volatility.| Risk Adjusted Performance | 0.0425 | |||
| Jensen Alpha | 0.23 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.0343 | |||
| Treynor Ratio | 0.449 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wetouch Technology's 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.
Wetouch Technology Common Backtested Returns
Wetouch Technology appears to be extremely dangerous, given 3 months investment horizon. Wetouch Technology Common shows Sharpe Ratio of 0.0329, which attests that the company had a 0.0329% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wetouch Technology Common, which you can use to evaluate the volatility of the company. Please utilize Wetouch Technology's Mean Deviation of 4.74, downside deviation of 5.66, and Market Risk Adjusted Performance of 0.459 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wetouch Technology holds a performance score of 2. The firm maintains a market beta of 0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wetouch Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wetouch Technology is expected to be smaller as well. Please check Wetouch Technology's downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to make a quick decision on whether Wetouch Technology's historical returns will revert.
Auto-correlation | -0.35 |
Poor reverse predictability
Wetouch Technology Common has poor reverse predictability. Overlapping area represents the amount of predictability between Wetouch Technology time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th of November 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 Wetouch Technology Common price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Wetouch Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Wetouch Technology Common lagged returns against current returns
Autocorrelation, which is Wetouch Technology otc 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 Wetouch Technology's otc stock expected returns. We can calculate the autocorrelation of Wetouch Technology returns to help us make a trade decision. For example, suppose you find that Wetouch Technology has exhibited high autocorrelation historically, and you observe that the otc 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 |
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Wetouch Technology 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 Wetouch Technology otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wetouch Technology otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wetouch Technology otc stock over time.
Current vs Lagged Prices |
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Wetouch Technology Lagged Returns
When evaluating Wetouch Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wetouch Technology otc stock have on its future price. Wetouch Technology 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, Wetouch Technology autocorrelation shows the relationship between Wetouch Technology otc stock current value and its past values and can show if there is a momentum factor associated with investing in Wetouch Technology Common.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Wetouch OTC Stock
Wetouch Technology financial ratios help investors to determine whether Wetouch OTC 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 Wetouch with respect to the benefits of owning Wetouch Technology security.