WOLFDEN RES (Germany) Market Value
| WRC Stock | EUR 0.03 0 3.70% |
| Symbol | WOLFDEN |
WOLFDEN RES '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 WOLFDEN RES'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 WOLFDEN RES.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in WOLFDEN RES on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding WOLFDEN RES P or generate 0.0% return on investment in WOLFDEN RES over 30 days. WOLFDEN RES is related to or competes with Rio Tinto, Anglo American, Liontown Resources, NEXA RESOURCES, STRAITS TRADG, American Lithium, and Adriatic Metals. More
WOLFDEN RES 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 WOLFDEN RES'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 WOLFDEN RES P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.57 | |||
| Information Ratio | 0.136 | |||
| Maximum Drawdown | 584.17 | |||
| Value At Risk | (34.15) | |||
| Potential Upside | 48.15 |
WOLFDEN RES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WOLFDEN RES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WOLFDEN RES's standard deviation. In reality, there are many statistical measures that can use WOLFDEN RES historical prices to predict the future WOLFDEN RES's volatility.| Risk Adjusted Performance | 0.118 | |||
| Jensen Alpha | 9.96 | |||
| Total Risk Alpha | 7.88 | |||
| Sortino Ratio | 0.3871 | |||
| Treynor Ratio | (5.53) |
WOLFDEN RES P Backtested Returns
WOLFDEN RES is out of control given 3 months investment horizon. WOLFDEN RES P shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 9.66% are justified by taking the suggested risk. Use WOLFDEN RES P Downside Deviation of 25.57, risk adjusted performance of 0.118, and Mean Deviation of 28.48 to evaluate company specific risk that cannot be diversified away. WOLFDEN RES holds a performance score of 10 on a scale of zero to a hundred. The firm maintains a market beta of -1.79, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning WOLFDEN RES are expected to decrease by larger amounts. On the other hand, during market turmoil, WOLFDEN RES is expected to outperform it. Use WOLFDEN RES P total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to analyze future returns on WOLFDEN RES P.
Auto-correlation | 0.21 |
Weak predictability
WOLFDEN RES P has weak predictability. Overlapping area represents the amount of predictability between WOLFDEN RES time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 WOLFDEN RES P price movement. The serial correlation of 0.21 indicates that over 21.0% of current WOLFDEN RES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WOLFDEN RES P lagged returns against current returns
Autocorrelation, which is WOLFDEN RES 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 WOLFDEN RES's stock expected returns. We can calculate the autocorrelation of WOLFDEN RES returns to help us make a trade decision. For example, suppose you find that WOLFDEN RES 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 |
WOLFDEN RES 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 WOLFDEN RES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WOLFDEN RES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WOLFDEN RES stock over time.
Current vs Lagged Prices |
| Timeline |
WOLFDEN RES Lagged Returns
When evaluating WOLFDEN RES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WOLFDEN RES stock have on its future price. WOLFDEN RES 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, WOLFDEN RES autocorrelation shows the relationship between WOLFDEN RES stock current value and its past values and can show if there is a momentum factor associated with investing in WOLFDEN RES P.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in WOLFDEN Stock
WOLFDEN RES financial ratios help investors to determine whether WOLFDEN 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 WOLFDEN with respect to the benefits of owning WOLFDEN RES security.