Whitehaven Coal Limited Stock Market Value
| WHITF Stock | USD 4.94 0.10 1.98% |
| Symbol | Whitehaven |
Whitehaven Coal '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 Whitehaven Coal'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 Whitehaven Coal.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Whitehaven Coal on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Whitehaven Coal Limited or generate 0.0% return on investment in Whitehaven Coal over 30 days. Whitehaven Coal is related to or competes with Bukit Asam, and New HopeLtd. Whitehaven Coal Limited develops and operates coal mines in New South Wales and Queensland More
Whitehaven Coal 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 Whitehaven Coal'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 Whitehaven Coal Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.13 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 3.38 |
Whitehaven Coal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Whitehaven Coal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Whitehaven Coal's standard deviation. In reality, there are many statistical measures that can use Whitehaven Coal historical prices to predict the future Whitehaven Coal's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Whitehaven Coal'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.
Whitehaven Coal Backtested Returns
Whitehaven Coal shows Sharpe Ratio of -0.0369, which attests that the company had a -0.0369% return per unit of risk over the last 3 months. Whitehaven Coal exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Whitehaven Coal's Standard Deviation of 2.14, market risk adjusted performance of (0.05), and Mean Deviation of 1.61 to validate the risk estimate we provide. The firm maintains a market beta of 0.92, which attests to possible diversification benefits within a given portfolio. Whitehaven Coal returns are very sensitive to returns on the market. As the market goes up or down, Whitehaven Coal is expected to follow. Whitehaven Coal has an expected return of -0.0798%. Please make sure to check out Whitehaven Coal potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Whitehaven Coal performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
Whitehaven Coal Limited has average predictability. Overlapping area represents the amount of predictability between Whitehaven Coal time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Whitehaven Coal price movement. The serial correlation of 0.46 indicates that about 46.0% of current Whitehaven Coal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Whitehaven Coal lagged returns against current returns
Autocorrelation, which is Whitehaven Coal 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 Whitehaven Coal's pink sheet expected returns. We can calculate the autocorrelation of Whitehaven Coal returns to help us make a trade decision. For example, suppose you find that Whitehaven Coal 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 |
Whitehaven Coal 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 Whitehaven Coal pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Whitehaven Coal pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Whitehaven Coal pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Whitehaven Coal Lagged Returns
When evaluating Whitehaven Coal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Whitehaven Coal pink sheet have on its future price. Whitehaven Coal 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, Whitehaven Coal autocorrelation shows the relationship between Whitehaven Coal pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Whitehaven Coal Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Check out Whitehaven Coal Correlation, Whitehaven Coal Volatility and Whitehaven Coal Alpha and Beta module to complement your research on Whitehaven Coal. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Whitehaven Pink Sheet analysis
When running Whitehaven Coal's price analysis, check to measure Whitehaven Coal'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 Whitehaven Coal is operating at the current time. Most of Whitehaven Coal's value examination focuses on studying past and present price action to predict the probability of Whitehaven Coal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Whitehaven Coal's price. Additionally, you may evaluate how the addition of Whitehaven Coal to your portfolios can decrease your overall portfolio volatility.
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| Transaction History View history of all your transactions and understand their impact on performance | |
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| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
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| Insider Screener Find insiders across different sectors to evaluate their impact on performance |
Whitehaven Coal technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.