Wishpond Technologies Stock Market Value
| WPNDF Stock | USD 0.20 0.01 4.76% |
| Symbol | Wishpond |
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' 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 Wishpond Technologies.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Wishpond Technologies on November 14, 2024 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 30 days. Wishpond Technologies is related to or competes with Salesforce, S A P, ServiceNow, Intuit, Shopify, Uber Technologies, and Applovin Corp. 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' 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 Wishpond Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 32.7 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 8.7 |
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 | (0.05) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (1.15) | |||
| Treynor Ratio | 2.49 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wishpond Technologies' 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.
Wishpond Technologies Backtested Returns
Wishpond Technologies shows Sharpe Ratio of -0.085, which attests that the company had a -0.085% return per unit of risk over the last 3 months. Wishpond Technologies exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wishpond Technologies' Standard Deviation of 5.46, mean deviation of 2.56, and Market Risk Adjusted Performance of 2.5 to validate the risk estimate we provide. The firm maintains a market beta of -0.19, which attests to not very significant fluctuations relative to the market. 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 -0.47%. Please make sure to check out Wishpond Technologies' treynor ratio, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Wishpond Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Wishpond Technologies has weak reverse predictability. Overlapping area represents the amount of predictability between Wishpond Technologies time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Wishpond Technologies price movement. The serial correlation of -0.25 indicates that over 25.0% of current Wishpond Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wishpond Technologies lagged returns against current returns
Autocorrelation, which is Wishpond Technologies 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 Wishpond Technologies' otc 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 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 |
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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wishpond Technologies otc 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 otc 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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Wishpond OTC Stock
Wishpond Technologies financial ratios help investors to determine whether Wishpond 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 Wishpond with respect to the benefits of owning Wishpond Technologies security.