Wishpond Technologies Stock Market Value
| WISH Stock | CAD 0.28 0.02 7.69% |
| Symbol | Wishpond |
Wishpond Technologies Price To Book Ratio
Wishpond Technologies '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 Wishpond Technologies' 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 Wishpond Technologies.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Wishpond Technologies on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Wishpond Technologies or generate 0.0% return on investment in Wishpond Technologies over 540 days. Wishpond Technologies is related to or competes with Mene, Africa Oil, Financial, Rubicon Organics, Amazon CDR, First Trust, and Rocky Mountain. Wishpond Technologies Ltd. engages in the provision of technological digital marketing solutions for businesses in the U... More
Wishpond Technologies 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 Wishpond Technologies' 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 Wishpond Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 34.12 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 5.71 |
Wishpond Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wishpond Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wishpond Technologies' standard deviation. In reality, there are many statistical measures that can use Wishpond Technologies historical prices to predict the future Wishpond Technologies' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (1.24) | |||
| Treynor Ratio | 0.8511 |
Wishpond Technologies Backtested Returns
Wishpond Technologies shows Sharpe Ratio of -0.11, which attests that the company had a -0.11% return per unit of risk over the last 3 months. Wishpond Technologies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wishpond Technologies' Standard Deviation of 4.53, mean deviation of 2.73, and Market Risk Adjusted Performance of 0.8611 to validate the risk estimate we provide. The firm maintains a market beta of -0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wishpond Technologies are expected to decrease at a much lower rate. During the bear market, Wishpond Technologies is likely to outperform the market. At this point, Wishpond Technologies has a negative expected return of -0.5%. Please make sure to check out Wishpond Technologies' kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Wishpond Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Wishpond Technologies has very good predictability. Overlapping area represents the amount of predictability between Wishpond Technologies time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Wishpond Technologies price movement. The serial correlation of 0.8 indicates that around 80.0% of current Wishpond Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Wishpond Technologies lagged returns against current returns
Autocorrelation, which is Wishpond Technologies 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 Wishpond Technologies' stock expected returns. We can calculate the autocorrelation of Wishpond Technologies returns to help us make a trade decision. For example, suppose you find that Wishpond Technologies 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 |
Wishpond Technologies 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 Wishpond Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wishpond Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wishpond Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Wishpond Technologies Lagged Returns
When evaluating Wishpond Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wishpond Technologies stock have on its future price. Wishpond Technologies 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, Wishpond Technologies autocorrelation shows the relationship between Wishpond Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Wishpond Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Wishpond Stock Analysis
When running Wishpond Technologies' price analysis, check to measure Wishpond Technologies' 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 Wishpond Technologies is operating at the current time. Most of Wishpond Technologies' value examination focuses on studying past and present price action to predict the probability of Wishpond Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wishpond Technologies' price. Additionally, you may evaluate how the addition of Wishpond Technologies to your portfolios can decrease your overall portfolio volatility.