Winsome Resources (Australia) Market Value
| WR1 Stock | 0.47 0.01 2.17% |
| Symbol | Winsome |
Winsome Resources '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 Winsome Resources' 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 Winsome Resources.
| 12/27/2022 |
| 12/16/2024 |
If you would invest 0.00 in Winsome Resources on December 27, 2022 and sell it all today you would earn a total of 0.00 from holding Winsome Resources or generate 0.0% return on investment in Winsome Resources over 720 days. Winsome Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, De Grey, Aneka Tambang, and Perseus Mining. Winsome Resources is entity of Australia More
Winsome Resources 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 Winsome Resources' 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 Winsome Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 20.79 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 6.25 |
Winsome Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Winsome Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Winsome Resources' standard deviation. In reality, there are many statistical measures that can use Winsome Resources historical prices to predict the future Winsome Resources' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.15) |
Winsome Resources Backtested Returns
Winsome Resources shows Sharpe Ratio of -0.0158, which attests that the company had a -0.0158% return per unit of risk over the last 3 months. Winsome Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Winsome Resources' Market Risk Adjusted Performance of (0.14), standard deviation of 4.24, and Mean Deviation of 3.16 to validate the risk estimate we provide. The firm maintains a market beta of 0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Winsome Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Winsome Resources is expected to be smaller as well. At this point, Winsome Resources has a negative expected return of -0.0675%. Please make sure to check out Winsome Resources' maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Winsome Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Winsome Resources has insignificant predictability. Overlapping area represents the amount of predictability between Winsome Resources time series from 27th of December 2022 to 22nd of December 2023 and 22nd of December 2023 to 16th 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 Winsome Resources price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Winsome Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Winsome Resources lagged returns against current returns
Autocorrelation, which is Winsome Resources 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 Winsome Resources' stock expected returns. We can calculate the autocorrelation of Winsome Resources returns to help us make a trade decision. For example, suppose you find that Winsome Resources 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 |
Winsome Resources 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 Winsome Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Winsome Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Winsome Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Winsome Resources Lagged Returns
When evaluating Winsome Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Winsome Resources stock have on its future price. Winsome Resources 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, Winsome Resources autocorrelation shows the relationship between Winsome Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Winsome Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Winsome Stock Analysis
When running Winsome Resources' price analysis, check to measure Winsome Resources' 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 Winsome Resources is operating at the current time. Most of Winsome Resources' value examination focuses on studying past and present price action to predict the probability of Winsome Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Winsome Resources' price. Additionally, you may evaluate how the addition of Winsome Resources to your portfolios can decrease your overall portfolio volatility.