Wealth Minerals' market value is the price at which a share of Wealth Minerals trades on a public exchange. It measures the collective expectations of Wealth Minerals investors about its performance. Wealth Minerals is trading at 0.04 as of the 6th of January 2025. This is a 33.33 percent increase since the beginning of the trading day. The stock's lowest day price was 0.04. With this module, you can estimate the performance of a buy and hold strategy of Wealth Minerals and determine expected loss or profit from investing in Wealth Minerals over a given investment horizon. Check out Wealth Minerals Correlation, Wealth Minerals Volatility and Wealth Minerals Alpha and Beta module to complement your research on Wealth Minerals.
Please note, there is a significant difference between Wealth Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wealth Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wealth Minerals' 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.
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.
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12/07/2024
No Change 0.00
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In 31 days
01/06/2025
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If you would invest 0.00 in Wealth Minerals on December 7, 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 30 days. Wealth Minerals is related to or competes with Freegold Ventures, and Adriatic Metals. 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.
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.
Wealth Minerals shows Sharpe Ratio of -0.0117, which attests that the company had a -0.0117% return per unit of risk over the last 3 months. Wealth Minerals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wealth Minerals' Mean Deviation of 6.41, market risk adjusted performance of (0.11), and Standard Deviation of 12.1 to validate the risk estimate we provide. The firm maintains a market beta of 1.24, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Wealth Minerals will likely underperform. At this point, Wealth Minerals has a negative expected return of -0.15%. Please make sure to check out Wealth Minerals' jensen alpha and the relationship between the potential upside and period momentum indicator , to decide if Wealth Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation
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No correlation between past and present
Wealth Minerals has no correlation between past and present. Overlapping area represents the amount of predictability between Wealth Minerals time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th 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 0.0 indicates that just 0.0% of current Wealth Minerals price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
0.68
Residual Average
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Price Variance
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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
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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.
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.