Worlds Inc Stock Market Value
| WDDD Stock | USD 0.01 0 19.66% |
| Symbol | Worlds |
Worlds '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 Worlds' 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 Worlds.
| 04/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Worlds on April 24, 2023 and sell it all today you would earn a total of 0.00 from holding Worlds Inc or generate 0.0% return on investment in Worlds over 360 days. Worlds is related to or competes with Doubledown InteractiveCo, and GameSquare Holdings. Worlds Inc. designs and develops software, content, and related technology for the creation of interactive three-dimensi... More
Worlds 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 Worlds' 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 Worlds Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.06 | |||
| Information Ratio | 0.1586 | |||
| Maximum Drawdown | 101.52 | |||
| Value At Risk | (30.00) | |||
| Potential Upside | 51.16 |
Worlds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Worlds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Worlds' standard deviation. In reality, there are many statistical measures that can use Worlds historical prices to predict the future Worlds' volatility.| Risk Adjusted Performance | 0.1114 | |||
| Jensen Alpha | 2.99 | |||
| Total Risk Alpha | 1.8 | |||
| Sortino Ratio | 0.1284 | |||
| Treynor Ratio | 0.5511 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Worlds' 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.
Worlds Inc Backtested Returns
Worlds is out of control given 3 months investment horizon. Worlds Inc shows Sharpe Ratio of 0.15, which attests that the company had a 0.15% return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.98% are justified by taking the suggested risk. Use Worlds Inc Downside Deviation of 25.06, market risk adjusted performance of 0.5611, and Mean Deviation of 12.78 to evaluate company specific risk that cannot be diversified away. Worlds holds a performance score of 11 on a scale of zero to a hundred. The firm maintains a market beta of 5.92, 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, Worlds will likely underperform. Use Worlds Inc value at risk, kurtosis, period momentum indicator, as well as the relationship between the semi variance and day median price , to analyze future returns on Worlds Inc.
Auto-correlation | -0.24 |
Weak reverse predictability
Worlds Inc has weak reverse predictability. Overlapping area represents the amount of predictability between Worlds time series from 24th of April 2023 to 21st of October 2023 and 21st of October 2023 to 18th 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 Worlds Inc price movement. The serial correlation of -0.24 indicates that over 24.0% of current Worlds price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Worlds Inc lagged returns against current returns
Autocorrelation, which is Worlds 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 Worlds' pink sheet expected returns. We can calculate the autocorrelation of Worlds returns to help us make a trade decision. For example, suppose you find that Worlds 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 |
Worlds 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 Worlds pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Worlds pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Worlds pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Worlds Lagged Returns
When evaluating Worlds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Worlds pink sheet have on its future price. Worlds 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, Worlds autocorrelation shows the relationship between Worlds pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Worlds Inc.
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 Worlds Correlation, Worlds Volatility and Worlds Alpha and Beta module to complement your research on Worlds. Note that the Worlds Inc information on this page should be used as a complementary analysis to other Worlds' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Worlds Pink Sheet analysis
When running Worlds' price analysis, check to measure Worlds' 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 Worlds is operating at the current time. Most of Worlds' value examination focuses on studying past and present price action to predict the probability of Worlds' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worlds' price. Additionally, you may evaluate how the addition of Worlds to your portfolios can decrease your overall portfolio volatility.
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Worlds 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.