Wearable Devices Stock Performance
| WLDSW Stock | USD 0.17 0.01 6.25% |
Wearable Devices holds a performance score of 21 on a scale of zero to a hundred. The firm maintains a market beta of 28.84, 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, Wearable Devices will likely underperform. Use Wearable Devices total risk alpha, as well as the relationship between the downside variance and daily balance of power , to analyze future returns on Wearable Devices.
Risk-Adjusted Performance
21 of 100
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Wearable Devices are ranked lower than 21 (%) of all global equities and portfolios over the last 90 days. In spite of fairly uncertain basic indicators, Wearable Devices showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:20 | Last Split Date 2024-10-10 |
1 | Wearable Devices XR Team Redefines Gesture Control with Breakthrough Neural Interface Technology - StockTitan | 09/04/2024 |
2 | Wearable Devices Ltd. Reports Increased H1 Loss - TipRanks | 09/23/2024 |
3 | Wearable Devices Ltd. Announces 1-for-20 Reverse Stock Split - StockTitan | 10/07/2024 |
4 | AI Wearable Stock Wearable Devices Ltd. Looks to the Future of Technology - Investorideas.com newswire | 10/30/2024 |
5 | Wearable Devices Ltd. Announces Pricing of 1. ... | 11/26/2024 |
| Begin Period Cash Flow | 10.4 M | |
| Free Cash Flow | -8.6 M |
Wearable |
Wearable Devices Relative Risk vs. Return Landscape
If you would invest 0.13 in Wearable Devices on August 30, 2024 and sell it today you would earn a total of 16.87 from holding Wearable Devices or generate 12976.92% return on investment over 90 days. Wearable Devices is currently producing 72.1402% returns and takes up 269.1335% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Wearable, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Wearable Devices Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wearable Devices' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Wearable Devices, and traders can use it to determine the average amount a Wearable Devices' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.268
| Best Portfolio | Best Equity | WLDSW | ||
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Estimated Market Risk
| 269.13 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.27 actual daily | 21 79% of assets perform better |
Based on monthly moving average Wearable Devices is performing at about 21% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Wearable Devices by adding it to a well-diversified portfolio.
Wearable Devices Fundamentals Growth
Wearable Stock prices reflect investors' perceptions of the future prospects and financial health of Wearable Devices, and Wearable Devices fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Wearable Stock performance.
| Return On Equity | -1.74 | |||
| Return On Asset | -0.71 | |||
| Operating Margin | (10.71) % | |||
| Revenue | 82 K | |||
| EBITDA | (8.12 M) | |||
| Net Income | (7.81 M) | |||
| Cash And Equivalents | 1.27 M | |||
| Cash Per Share | 0.11 X | |||
| Total Debt | 575 K | |||
| Current Ratio | 2.20 X | |||
| Book Value Per Share | 1.62 X | |||
| Cash Flow From Operations | (8.43 M) | |||
| Total Asset | 7.59 M | |||
| Retained Earnings | (21.22 M) | |||
| Working Capital | 4.96 M | |||
About Wearable Devices Performance
Evaluating Wearable Devices' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Wearable Devices has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Wearable Devices has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 6.1 K | 6.4 K | |
| Return On Tangible Assets | (1.03) | (1.08) | |
| Return On Capital Employed | (1.41) | (1.48) | |
| Return On Assets | (1.03) | (1.08) | |
| Return On Equity | (1.41) | (1.48) |
Things to note about Wearable Devices performance evaluation
Checking the ongoing alerts about Wearable Devices for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Wearable Devices help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Wearable Devices is way too risky over 90 days horizon | |
| Wearable Devices has some characteristics of a very speculative penny stock | |
| Wearable Devices appears to be risky and price may revert if volatility continues | |
| Wearable Devices has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 82 K. Net Loss for the year was (7.81 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Wearable Devices has accumulated about 1.27 M in cash with (8.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.11. | |
| Wearable Devices has a frail financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: Wearable Devices Ltd. Announces Pricing of 1. ... |
- Analyzing Wearable Devices' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Wearable Devices' stock is overvalued or undervalued compared to its peers.
- Examining Wearable Devices' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Wearable Devices' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Wearable Devices' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Wearable Devices' stock. These opinions can provide insight into Wearable Devices' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Wearable Stock Analysis
When running Wearable Devices' price analysis, check to measure Wearable Devices' 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 Wearable Devices is operating at the current time. Most of Wearable Devices' value examination focuses on studying past and present price action to predict the probability of Wearable Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wearable Devices' price. Additionally, you may evaluate how the addition of Wearable Devices to your portfolios can decrease your overall portfolio volatility.