Winshear Gold Corp Stock Market Value
| WINS Stock | 0.17 0.01 6.25% |
| Symbol | Winshear |
Winshear Gold '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 Winshear Gold'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 Winshear Gold.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Winshear Gold on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Winshear Gold Corp or generate 0.0% return on investment in Winshear Gold over 720 days. Winshear Gold is related to or competes with HOME DEPOT, Dream Office, Precision Drilling, Thunderbird Entertainment, Leons Furniture, Rogers Communications, and Canlan Ice. Winshear Gold is entity of Canada. It is traded as Stock on V exchange. More
Winshear Gold 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 Winshear Gold'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 Winshear Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.98 | |||
| Information Ratio | 0.0875 | |||
| Maximum Drawdown | 38.1 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 15.38 |
Winshear Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Winshear Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Winshear Gold's standard deviation. In reality, there are many statistical measures that can use Winshear Gold historical prices to predict the future Winshear Gold's volatility.| Risk Adjusted Performance | 0.0885 | |||
| Jensen Alpha | 1.0 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | 0.067 | |||
| Treynor Ratio | (0.79) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Winshear Gold'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.
Winshear Gold Corp Backtested Returns
Winshear Gold appears to be out of control, given 3 months investment horizon. Winshear Gold Corp shows Sharpe Ratio of 0.0908, which attests that the company had a 0.0908% return per unit of risk over the last 3 months. By examining Winshear Gold's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please utilize Winshear Gold's Downside Deviation of 10.98, mean deviation of 6.03, and Market Risk Adjusted Performance of (0.78) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Winshear Gold holds a performance score of 7. The firm maintains a market beta of -1.09, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Winshear Gold are expected to decrease slowly. On the other hand, during market turmoil, Winshear Gold is expected to outperform it slightly. Please check Winshear Gold's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Winshear Gold's historical returns will revert.
Auto-correlation | 0.24 |
Weak predictability
Winshear Gold Corp has weak predictability. Overlapping area represents the amount of predictability between Winshear Gold time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Winshear Gold Corp price movement. The serial correlation of 0.24 indicates that over 24.0% of current Winshear Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Winshear Gold Corp lagged returns against current returns
Autocorrelation, which is Winshear Gold 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 Winshear Gold's stock expected returns. We can calculate the autocorrelation of Winshear Gold returns to help us make a trade decision. For example, suppose you find that Winshear Gold 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 |
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Winshear Gold 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 Winshear Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Winshear Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Winshear Gold stock over time.
Current vs Lagged Prices |
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Winshear Gold Lagged Returns
When evaluating Winshear Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Winshear Gold stock have on its future price. Winshear Gold 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, Winshear Gold autocorrelation shows the relationship between Winshear Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Winshear Gold Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Winshear Stock Analysis
When running Winshear Gold's price analysis, check to measure Winshear Gold's 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 Winshear Gold is operating at the current time. Most of Winshear Gold's value examination focuses on studying past and present price action to predict the probability of Winshear Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Winshear Gold's price. Additionally, you may evaluate how the addition of Winshear Gold to your portfolios can decrease your overall portfolio volatility.