Wesana Health Holdings Stock Market Value
| WSNAF Stock | USD 0.01 0 59.02% |
| Symbol | Wesana |
Wesana Health '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 Wesana Health's pink sheet 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 Wesana Health.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Wesana Health on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Wesana Health Holdings or generate 0.0% return on investment in Wesana Health over 30 days. Wesana Health is related to or competes with Adagene. Wesana Health Holdings Inc, a life sciences company, engages in the development and delivery of psychedelic medicines an... More
Wesana Health 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 Wesana Health's pink sheet 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 Wesana Health Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 30.34 | |||
| Information Ratio | 0.1862 | |||
| Maximum Drawdown | 178.17 | |||
| Value At Risk | (42.03) | |||
| Potential Upside | 87.88 |
Wesana Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wesana Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wesana Health's standard deviation. In reality, there are many statistical measures that can use Wesana Health historical prices to predict the future Wesana Health's volatility.| Risk Adjusted Performance | 0.1542 | |||
| Jensen Alpha | 6.65 | |||
| Total Risk Alpha | 1.94 | |||
| Sortino Ratio | 0.2224 | |||
| Treynor Ratio | 3.43 |
Wesana Health Holdings Backtested Returns
Wesana Health is out of control given 3 months investment horizon. Wesana Health Holdings shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 5.9% are justified by taking the suggested risk. Use Wesana Health Holdings Mean Deviation of 26.81, market risk adjusted performance of 3.44, and Downside Deviation of 30.34 to evaluate company specific risk that cannot be diversified away. Wesana Health holds a performance score of 13 on a scale of zero to a hundred. The firm maintains a market beta of 2.0, 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, Wesana Health will likely underperform. Use Wesana Health Holdings kurtosis, market facilitation index, and the relationship between the semi variance and rate of daily change , to analyze future returns on Wesana Health Holdings.
Auto-correlation | -0.46 |
Modest reverse predictability
Wesana Health Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between Wesana Health time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Wesana Health Holdings price movement. The serial correlation of -0.46 indicates that about 46.0% of current Wesana Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wesana Health Holdings lagged returns against current returns
Autocorrelation, which is Wesana Health pink sheet'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 Wesana Health's pink sheet expected returns. We can calculate the autocorrelation of Wesana Health returns to help us make a trade decision. For example, suppose you find that Wesana Health has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Wesana Health 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 Wesana Health pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wesana Health pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wesana Health pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Wesana Health Lagged Returns
When evaluating Wesana Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wesana Health pink sheet have on its future price. Wesana Health 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, Wesana Health autocorrelation shows the relationship between Wesana Health pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Wesana Health Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Wesana Pink Sheet
Wesana Health financial ratios help investors to determine whether Wesana Pink Sheet 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 Wesana with respect to the benefits of owning Wesana Health security.