Widepoint C Stock Market Value
| WYY Stock | USD 4.96 0.43 7.98% |
| Symbol | Widepoint |
Widepoint C Price To Book Ratio
Is IT Consulting & Other Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Widepoint. If investors know Widepoint will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Widepoint listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.54) | Earnings Share (0.39) | Revenue Per Share 13.769 | Quarterly Revenue Growth 0.347 | Return On Assets (0.03) |
The market value of Widepoint C is measured differently than its book value, which is the value of Widepoint that is recorded on the company's balance sheet. Investors also form their own opinion of Widepoint's value that differs from its market value or its book value, called intrinsic value, which is Widepoint's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Widepoint's market value can be influenced by many factors that don't directly affect Widepoint's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Widepoint's value and its price as these two are different measures arrived at by different means. Investors typically determine if Widepoint is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Widepoint's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Widepoint '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 Widepoint'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 Widepoint.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Widepoint on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Widepoint C or generate 0.0% return on investment in Widepoint over 180 days. Widepoint is related to or competes with Data Storage, Usio, ARB IOT, FiscalNote Holdings, CGI, Castellum, and Soluna Holdings. WidePoint Corporation provides technology management as a service to the government and business enterprises in North Am... More
Widepoint 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 Widepoint'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 Widepoint C upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.24 | |||
| Information Ratio | 0.11 | |||
| Maximum Drawdown | 25.72 | |||
| Value At Risk | (6.95) | |||
| Potential Upside | 6.31 |
Widepoint Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Widepoint's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Widepoint's standard deviation. In reality, there are many statistical measures that can use Widepoint historical prices to predict the future Widepoint's volatility.| Risk Adjusted Performance | 0.1123 | |||
| Jensen Alpha | 0.5468 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1277 | |||
| Treynor Ratio | 0.6906 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Widepoint's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Widepoint C Backtested Returns
Widepoint appears to be moderately volatile, given 3 months investment horizon. Widepoint C shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. By examining Widepoint's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please utilize Widepoint's Mean Deviation of 3.41, downside deviation of 4.24, and Market Risk Adjusted Performance of 0.7006 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Widepoint holds a performance score of 9. The firm maintains a market beta of 0.95, which attests to possible diversification benefits within a given portfolio. Widepoint returns are very sensitive to returns on the market. As the market goes up or down, Widepoint is expected to follow. Please check Widepoint's standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Widepoint's historical returns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Widepoint C has very weak reverse predictability. Overlapping area represents the amount of predictability between Widepoint time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 Widepoint C price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Widepoint price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Widepoint C lagged returns against current returns
Autocorrelation, which is Widepoint 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 Widepoint's stock expected returns. We can calculate the autocorrelation of Widepoint returns to help us make a trade decision. For example, suppose you find that Widepoint 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 |
Widepoint 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 Widepoint stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Widepoint stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Widepoint stock over time.
Current vs Lagged Prices |
| Timeline |
Widepoint Lagged Returns
When evaluating Widepoint's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Widepoint stock have on its future price. Widepoint 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, Widepoint autocorrelation shows the relationship between Widepoint stock current value and its past values and can show if there is a momentum factor associated with investing in Widepoint C.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Widepoint Stock Analysis
When running Widepoint's price analysis, check to measure Widepoint's 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 Widepoint is operating at the current time. Most of Widepoint's value examination focuses on studying past and present price action to predict the probability of Widepoint's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Widepoint's price. Additionally, you may evaluate how the addition of Widepoint to your portfolios can decrease your overall portfolio volatility.