Wimi Hologram Cloud Stock Market Value

WIMI Stock  USD 0.72  0.02  2.86%   
WiMi Hologram's market value is the price at which a share of WiMi Hologram trades on a public exchange. It measures the collective expectations of WiMi Hologram Cloud investors about its performance. WiMi Hologram is trading at 0.72 as of the 19th of April 2024. This is a 2.86 percent up since the beginning of the trading day. The stock's open price was 0.7.
With this module, you can estimate the performance of a buy and hold strategy of WiMi Hologram Cloud and determine expected loss or profit from investing in WiMi Hologram over a given investment horizon. Check out WiMi Hologram Correlation, WiMi Hologram Volatility and WiMi Hologram Alpha and Beta module to complement your research on WiMi Hologram.
Symbol

WiMi Hologram Cloud Price To Book Ratio

Is WiMi Hologram's industry 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 WiMi Hologram. If investors know WiMi 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 WiMi Hologram 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
(0.80)
Earnings Share
(0.51)
Revenue Per Share
5.948
Quarterly Revenue Growth
(0.39)
Return On Assets
(0.12)
The market value of WiMi Hologram Cloud is measured differently than its book value, which is the value of WiMi that is recorded on the company's balance sheet. Investors also form their own opinion of WiMi Hologram's value that differs from its market value or its book value, called intrinsic value, which is WiMi Hologram'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 WiMi Hologram's market value can be influenced by many factors that don't directly affect WiMi Hologram'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 WiMi Hologram's value and its price as these two are different measures arrived at by different means. Investors typically determine if WiMi Hologram is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WiMi Hologram'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.

WiMi Hologram '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 WiMi Hologram'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 WiMi Hologram.
0.00
02/19/2024
No Change 0.00  0.0 
In 2 months and 2 days
04/19/2024
0.00
If you would invest  0.00  in WiMi Hologram on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding WiMi Hologram Cloud or generate 0.0% return on investment in WiMi Hologram over 60 days. WiMi Hologram is related to or competes with News Corp, and Warner Bros. WiMi Hologram Cloud Inc. provides augmented reality based holographic services and products in China More

WiMi Hologram 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 WiMi Hologram'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 WiMi Hologram Cloud upside and downside potential and time the market with a certain degree of confidence.

WiMi Hologram Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for WiMi Hologram's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WiMi Hologram's standard deviation. In reality, there are many statistical measures that can use WiMi Hologram historical prices to predict the future WiMi Hologram's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WiMi Hologram'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.
Hype
Prediction
LowEstimatedHigh
0.040.7612.04
Details
Intrinsic
Valuation
LowRealHigh
0.112.2813.56
Details
Naive
Forecast
LowNextHigh
0.010.7011.98
Details
0 Analysts
Consensus
LowTargetHigh
6.377.007.77
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as WiMi Hologram. Your research has to be compared to or analyzed against WiMi Hologram's peers to derive any actionable benefits. When done correctly, WiMi Hologram's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in WiMi Hologram Cloud.

WiMi Hologram Cloud Backtested Returns

WiMi Hologram appears to be extremely dangerous, given 3 months investment horizon. WiMi Hologram Cloud shows Sharpe Ratio of 0.0708, which attests that the company had a 0.0708% return per unit of standard deviation over the last 3 months. By examining WiMi Hologram's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please utilize WiMi Hologram's Mean Deviation of 7.14, risk adjusted performance of 0.0447, and Downside Deviation of 9.64 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WiMi Hologram holds a performance score of 5. The firm maintains a market beta of -0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WiMi Hologram are expected to decrease at a much lower rate. During the bear market, WiMi Hologram is likely to outperform the market. Please check WiMi Hologram's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether WiMi Hologram's historical returns will revert.

Auto-correlation

    
  -0.18  

Insignificant reverse predictability

WiMi Hologram Cloud has insignificant reverse predictability. Overlapping area represents the amount of predictability between WiMi Hologram time series from 19th of February 2024 to 20th of March 2024 and 20th of March 2024 to 19th 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 WiMi Hologram Cloud price movement. The serial correlation of -0.18 indicates that over 18.0% of current WiMi Hologram price fluctuation can be explain by its past prices.
Correlation Coefficient-0.18
Spearman Rank Test0.21
Residual Average0.0
Price Variance0.01

WiMi Hologram Cloud lagged returns against current returns

Autocorrelation, which is WiMi Hologram 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 WiMi Hologram's stock expected returns. We can calculate the autocorrelation of WiMi Hologram returns to help us make a trade decision. For example, suppose you find that WiMi Hologram 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  

WiMi Hologram 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 WiMi Hologram stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WiMi Hologram stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WiMi Hologram stock over time.
   Current vs Lagged Prices   
       Timeline  

WiMi Hologram Lagged Returns

When evaluating WiMi Hologram's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WiMi Hologram stock have on its future price. WiMi Hologram 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, WiMi Hologram autocorrelation shows the relationship between WiMi Hologram stock current value and its past values and can show if there is a momentum factor associated with investing in WiMi Hologram Cloud.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards WiMi Hologram in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, WiMi Hologram's short interest history, or implied volatility extrapolated from WiMi Hologram options trading.

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.
When determining whether WiMi Hologram Cloud offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WiMi Hologram's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wimi Hologram Cloud Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wimi Hologram Cloud Stock:
Check out WiMi Hologram Correlation, WiMi Hologram Volatility and WiMi Hologram Alpha and Beta module to complement your research on WiMi Hologram.
You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

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When running WiMi Hologram's price analysis, check to measure WiMi Hologram'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 WiMi Hologram is operating at the current time. Most of WiMi Hologram's value examination focuses on studying past and present price action to predict the probability of WiMi Hologram's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WiMi Hologram's price. Additionally, you may evaluate how the addition of WiMi Hologram to your portfolios can decrease your overall portfolio volatility.
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WiMi Hologram technical stock 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, stock market cycles, or different charting patterns.
A focus of WiMi Hologram technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of WiMi Hologram trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...