Wellstar International Stock Market Value
Wellstar International's market value is the price at which a share of Wellstar International trades on a public exchange. It measures the collective expectations of Wellstar International investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Wellstar International and determine expected loss or profit from investing in Wellstar International over a given investment horizon. Check out Wellstar International Correlation, Wellstar International Volatility and Wellstar International Alpha and Beta module to complement your research on Wellstar International. For more detail on how to invest in Wellstar Stock please use our How to Invest in Wellstar International guide.
| Symbol | Wellstar |
Wellstar International Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wellstar International. If investors know Wellstar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wellstar International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (1.06) |
The market value of Wellstar International is measured differently than its book value, which is the value of Wellstar that is recorded on the company's balance sheet. Investors also form their own opinion of Wellstar International's value that differs from its market value or its book value, called intrinsic value, which is Wellstar International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wellstar International's market value can be influenced by many factors that don't directly affect Wellstar International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wellstar International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wellstar International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wellstar International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Wellstar International '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 Wellstar International'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 Wellstar International.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in Wellstar International on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding Wellstar International or generate 0.0% return on investment in Wellstar International over 180 days. Wellstar International is related to or competes with Cigna Corp, Definitive Healthcare, Guardant Health, Laboratory, Mednax, Doximity, and Veeva Systems. Wellstar International, Inc. does not have significant operations More
Wellstar International 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 Wellstar International'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 Wellstar International upside and downside potential and time the market with a certain degree of confidence.
Wellstar International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wellstar International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wellstar International's standard deviation. In reality, there are many statistical measures that can use Wellstar International historical prices to predict the future Wellstar International's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wellstar International'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.
Wellstar International Backtested Returns
We have found zero technical indicators for Wellstar International, which you can use to evaluate the volatility of the company. The firm maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Wellstar International are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Wellstar International has no correlation between past and present. Overlapping area represents the amount of predictability between Wellstar International time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 Wellstar International price movement. The serial correlation of 0.0 indicates that just 0.0% of current Wellstar International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wellstar International lagged returns against current returns
Autocorrelation, which is Wellstar International 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 Wellstar International's stock expected returns. We can calculate the autocorrelation of Wellstar International returns to help us make a trade decision. For example, suppose you find that Wellstar International 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 |
Wellstar International 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 Wellstar International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wellstar International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wellstar International stock over time.
Current vs Lagged Prices |
| Timeline |
Wellstar International Lagged Returns
When evaluating Wellstar International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wellstar International stock have on its future price. Wellstar International 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, Wellstar International autocorrelation shows the relationship between Wellstar International stock current value and its past values and can show if there is a momentum factor associated with investing in Wellstar International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Wellstar International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wellstar International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wellstar International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wellstar International Stock:Check out Wellstar International Correlation, Wellstar International Volatility and Wellstar International Alpha and Beta module to complement your research on Wellstar International. For more detail on how to invest in Wellstar Stock please use our How to Invest in Wellstar International guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Wellstar International technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.