Water Ways Technologies Stock Market Value
| WWTIF Stock | USD 0 0.00 0.00% |
| Symbol | Water |
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' 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 Water Ways.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Water Ways on December 17, 2024 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 90 days. Water Ways is related to or competes with Alamo, Hyster Yale, Columbus McKinnon, AGCO, and Titan International. Water Ways Technologies Inc., an agriculture technology company, provides water irrigation and agriculture solutions to ... 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' 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 Water Ways Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1093 | |||
| Maximum Drawdown | 1599.31 |
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 | 0.1046 | |||
| Jensen Alpha | 20.77 | |||
| Total Risk Alpha | 43.45 | |||
| Treynor Ratio | 3.8 |
Water Ways Technologies Backtested Returns
Water Ways is out of control given 3 months investment horizon. Water Ways Technologies shows Sharpe Ratio of 0.1, which attests that the company had a 0.1 % return per unit of risk over the last 3 months. We were able to collect and analyze data for seventeen different technical indicators, which can help you to evaluate if expected returns of 13.02% are justified by taking the suggested risk. Use Water Ways Technologies Mean Deviation of 45.06, standard deviation of 185.75, and Market Risk Adjusted Performance of 3.81 to evaluate company specific risk that cannot be diversified away. Water Ways holds a performance score of 8 on a scale of zero to a hundred. The firm maintains a market beta of 5.32, 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, Water Ways will likely underperform. Use Water Ways Technologies variance, as well as the relationship between the skewness and day typical price , to analyze future returns on Water Ways Technologies.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Water Ways Technologies has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Water Ways time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. 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 -0.72 indicates that around 72.0% of current Water Ways price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Water Ways Technologies lagged returns against current returns
Autocorrelation, which is Water Ways 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 Water Ways' pink sheet 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 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Water Ways pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Water Ways pink sheet 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 pink sheet 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 pink sheet 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Water Pink Sheet
Water Ways financial ratios help investors to determine whether Water 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 Water with respect to the benefits of owning Water Ways security.