Welsbach Technology Metals Stock Market Value
| WTMA Stock | USD 10.95 0.07 0.64% |
| Symbol | Welsbach |
Welsbach Technology Price To Book Ratio
Is Welsbach Technology'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 Welsbach Technology. If investors know Welsbach 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 Welsbach Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.01) | Return On Assets (0.03) |
The market value of Welsbach Technology is measured differently than its book value, which is the value of Welsbach that is recorded on the company's balance sheet. Investors also form their own opinion of Welsbach Technology's value that differs from its market value or its book value, called intrinsic value, which is Welsbach Technology'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 Welsbach Technology's market value can be influenced by many factors that don't directly affect Welsbach Technology'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 Welsbach Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Welsbach Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Welsbach Technology'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.
Welsbach Technology '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 Welsbach Technology'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 Welsbach Technology.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Welsbach Technology on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Welsbach Technology Metals or generate 0.0% return on investment in Welsbach Technology over 30 days. Welsbach Technology is related to or competes with Alpha One. Welsbach Technology Metals Acquisition Corp More
Welsbach Technology 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 Welsbach Technology'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 Welsbach Technology Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7412 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.95 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 0.6434 |
Welsbach Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Welsbach Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Welsbach Technology's standard deviation. In reality, there are many statistical measures that can use Welsbach Technology historical prices to predict the future Welsbach Technology's volatility.| Risk Adjusted Performance | 0.0317 | |||
| Jensen Alpha | 0.0168 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Welsbach Technology'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.
Welsbach Technology Backtested Returns
We consider Welsbach Technology very steady. Welsbach Technology shows Sharpe Ratio of 0.0635, which attests that the company had a 0.0635% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Welsbach Technology, which you can use to evaluate the volatility of the company. Please check out Welsbach Technology's Market Risk Adjusted Performance of (0.28), mean deviation of 0.156, and Downside Deviation of 0.7412 to validate if the risk estimate we provide is consistent with the expected return of 0.0245%. Welsbach Technology has a performance score of 4 on a scale of 0 to 100. The firm maintains a market beta of -0.0452, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Welsbach Technology are expected to decrease at a much lower rate. During the bear market, Welsbach Technology is likely to outperform the market. Welsbach Technology right now maintains a risk of 0.39%. Please check out Welsbach Technology downside variance, and the relationship between the treynor ratio and kurtosis , to decide if Welsbach Technology will be following its historical returns.
Auto-correlation | -0.06 |
Very weak reverse predictability
Welsbach Technology Metals has very weak reverse predictability. Overlapping area represents the amount of predictability between Welsbach Technology time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Welsbach Technology price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Welsbach Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Welsbach Technology lagged returns against current returns
Autocorrelation, which is Welsbach Technology 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 Welsbach Technology's stock expected returns. We can calculate the autocorrelation of Welsbach Technology returns to help us make a trade decision. For example, suppose you find that Welsbach Technology 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 |
Welsbach Technology 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 Welsbach Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Welsbach Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Welsbach Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Welsbach Technology Lagged Returns
When evaluating Welsbach Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Welsbach Technology stock have on its future price. Welsbach Technology 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, Welsbach Technology autocorrelation shows the relationship between Welsbach Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Welsbach Technology Metals.
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 Welsbach Technology 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, Welsbach Technology's short interest history, or implied volatility extrapolated from Welsbach Technology 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 Welsbach Technology is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Welsbach Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Welsbach Technology Metals Stock. Highlighted below are key reports to facilitate an investment decision about Welsbach Technology Metals Stock:Check out Welsbach Technology Correlation, Welsbach Technology Volatility and Welsbach Technology Alpha and Beta module to complement your research on Welsbach Technology. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Welsbach Stock analysis
When running Welsbach Technology's price analysis, check to measure Welsbach Technology'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 Welsbach Technology is operating at the current time. Most of Welsbach Technology's value examination focuses on studying past and present price action to predict the probability of Welsbach Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Welsbach Technology's price. Additionally, you may evaluate how the addition of Welsbach Technology to your portfolios can decrease your overall portfolio volatility.
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Welsbach Technology 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.