Wealth Minerals Stock Market Value
| WMLLF Stock | USD 0.04 0.01 20.00% |
| Symbol | Wealth |
Wealth Minerals '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 Wealth Minerals' 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 Wealth Minerals.
| 10/24/2024 |
| 01/22/2025 |
If you would invest 0.00 in Wealth Minerals on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Wealth Minerals or generate 0.0% return on investment in Wealth Minerals over 90 days. Wealth Minerals is related to or competes with Grupo Mxico, and Rio Tinto. Wealth Minerals Ltd., a junior mineral resource exploration company, engages in the acquisition, exploration, and develo... More
Wealth Minerals 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 Wealth Minerals' 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 Wealth Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0) | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Wealth Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wealth Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wealth Minerals' standard deviation. In reality, there are many statistical measures that can use Wealth Minerals historical prices to predict the future Wealth Minerals' volatility.| Risk Adjusted Performance | 0.0077 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.04) |
Wealth Minerals Backtested Returns
Wealth Minerals shows Sharpe Ratio of close to zero, which attests that the company had a close to zero % return per unit of risk over the last 3 months. Wealth Minerals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wealth Minerals' Mean Deviation of 5.34, market risk adjusted performance of (0.03), and Standard Deviation of 11.65 to validate the risk estimate we provide. The firm maintains a market beta of 0.74, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wealth Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Wealth Minerals is expected to be smaller as well. At this point, Wealth Minerals has a negative expected return of -0.0215%. Please make sure to check out Wealth Minerals' total risk alpha and the relationship between the potential upside and price action indicator , to decide if Wealth Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Wealth Minerals has very good reverse predictability. Overlapping area represents the amount of predictability between Wealth Minerals time series from 24th of October 2024 to 8th of December 2024 and 8th of December 2024 to 22nd of January 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 Wealth Minerals price movement. The serial correlation of -0.66 indicates that around 66.0% of current Wealth Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wealth Minerals lagged returns against current returns
Autocorrelation, which is Wealth Minerals 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 Wealth Minerals' otc stock expected returns. We can calculate the autocorrelation of Wealth Minerals returns to help us make a trade decision. For example, suppose you find that Wealth Minerals 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 |
| Timeline |
Wealth Minerals 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 Wealth Minerals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wealth Minerals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wealth Minerals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Wealth Minerals Lagged Returns
When evaluating Wealth Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wealth Minerals otc stock have on its future price. Wealth Minerals 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, Wealth Minerals autocorrelation shows the relationship between Wealth Minerals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Wealth Minerals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Wealth OTC Stock
Wealth Minerals financial ratios help investors to determine whether Wealth 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 Wealth with respect to the benefits of owning Wealth Minerals security.