Well Health Technologies Stock Market Value
| WELL Stock | CAD 4.65 0.11 2.31% |
| Symbol | WELL |
WELL Health Technologies Price To Book Ratio
WELL Health '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 WELL Health'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 WELL Health.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in WELL Health on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding WELL Health Technologies or generate 0.0% return on investment in WELL Health over 90 days. WELL Health is related to or competes with Docebo, Goodfood Market, and Lightspeed Commerce. WELL Health Technologies Corp. operates as a practitioner focused digital health company in Canada, the United States, a... More
WELL Health 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 WELL Health'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 WELL Health Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.0413 | |||
| Maximum Drawdown | 15.31 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 3.69 |
WELL Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WELL Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WELL Health's standard deviation. In reality, there are many statistical measures that can use WELL Health historical prices to predict the future WELL Health's volatility.| Risk Adjusted Performance | 0.0984 | |||
| Jensen Alpha | 0.1685 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0548 | |||
| Treynor Ratio | 0.4791 |
WELL Health Technologies Backtested Returns
WELL Health appears to be slightly risky, given 3 months investment horizon. WELL Health Technologies shows Sharpe Ratio of 0.15, which attests that the company had a 0.15 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for WELL Health Technologies, which you can use to evaluate the volatility of the company. Please utilize WELL Health's Mean Deviation of 1.63, downside deviation of 1.84, and Risk Adjusted Performance of 0.0984 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WELL Health holds a performance score of 11. The firm maintains a market beta of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WELL Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding WELL Health is expected to be smaller as well. Please check WELL Health's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether WELL Health's historical returns will revert.
Auto-correlation | 0.51 |
Modest predictability
WELL Health Technologies has modest predictability. Overlapping area represents the amount of predictability between WELL Health time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of WELL Health Technologies price movement. The serial correlation of 0.51 indicates that about 51.0% of current WELL Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
WELL Health Technologies lagged returns against current returns
Autocorrelation, which is WELL Health 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 WELL Health's stock expected returns. We can calculate the autocorrelation of WELL Health returns to help us make a trade decision. For example, suppose you find that WELL Health 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 |
WELL Health 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 WELL Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WELL Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WELL Health stock over time.
Current vs Lagged Prices |
| Timeline |
WELL Health Lagged Returns
When evaluating WELL Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WELL Health stock have on its future price. WELL Health 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, WELL Health autocorrelation shows the relationship between WELL Health stock current value and its past values and can show if there is a momentum factor associated with investing in WELL Health Technologies.
Regressed Prices |
| Timeline |
Pair Trading with WELL Health
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if WELL Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in WELL Health will appreciate offsetting losses from the drop in the long position's value.Moving together with WELL Stock
Moving against WELL Stock
The ability to find closely correlated positions to WELL Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WELL Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WELL Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WELL Health Technologies to buy it.
The correlation of WELL Health is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WELL Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WELL Health Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for WELL Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in WELL Stock
WELL Health financial ratios help investors to determine whether WELL Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in WELL with respect to the benefits of owning WELL Health security.