Water Ways Technologies Stock Market Value
| WWT Stock | CAD 0.01 0.01 100.00% |
| Symbol | Water |
Water Ways Technologies Price To Book Ratio
Water Ways '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 Water Ways' 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 Water Ways.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Water Ways on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Water Ways Technologies or generate 0.0% return on investment in Water Ways over 360 days. Water Ways is related to or competes with Plurilock Security, and PowerBand Solutions. Water Ways Technologies Inc., an agriculture technology company, provides water irrigation solutions to agricultural pro... More
Water Ways 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 Water Ways' 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 Water Ways Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 44.79 | |||
| Information Ratio | 0.1212 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
Water Ways Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Water Ways' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Water Ways' standard deviation. In reality, there are many statistical measures that can use Water Ways historical prices to predict the future Water Ways' volatility.| Risk Adjusted Performance | 0.1 | |||
| Jensen Alpha | 5.61 | |||
| Total Risk Alpha | (1.17) | |||
| Sortino Ratio | 0.0931 | |||
| Treynor Ratio | (0.37) |
Water Ways Technologies Backtested Returns
Water Ways is out of control given 3 months investment horizon. Water Ways Technologies shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 4.5% are justified by taking the suggested risk. Use Water Ways Technologies Market Risk Adjusted Performance of (0.36), mean deviation of 20.04, and Downside Deviation of 44.79 to evaluate company specific risk that cannot be diversified away. Water Ways holds a performance score of 10 on a scale of zero to a hundred. The firm maintains a market beta of -11.6, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Water Ways are expected to decrease by larger amounts. On the other hand, during market turmoil, Water Ways is expected to outperform it. Use Water Ways Technologies downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to analyze future returns on Water Ways Technologies.
Auto-correlation | 0.76 |
Good predictability
Water Ways Technologies has good predictability. Overlapping area represents the amount of predictability between Water Ways time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Water Ways Technologies price movement. The serial correlation of 0.76 indicates that around 76.0% of current Water Ways price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Water Ways Technologies lagged returns against current returns
Autocorrelation, which is Water Ways 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 Water Ways' stock expected returns. We can calculate the autocorrelation of Water Ways returns to help us make a trade decision. For example, suppose you find that Water Ways 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 |
Water Ways 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 Water Ways stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Water Ways stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Water Ways stock over time.
Current vs Lagged Prices |
| Timeline |
Water Ways Lagged Returns
When evaluating Water Ways' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Water Ways stock have on its future price. Water Ways 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, Water Ways autocorrelation shows the relationship between Water Ways stock current value and its past values and can show if there is a momentum factor associated with investing in Water Ways Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Water Stock Analysis
When running Water Ways' price analysis, check to measure Water Ways' 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 Water Ways is operating at the current time. Most of Water Ways' value examination focuses on studying past and present price action to predict the probability of Water Ways' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Water Ways' price. Additionally, you may evaluate how the addition of Water Ways to your portfolios can decrease your overall portfolio volatility.