Wisher Industrial (Taiwan) Market Value
| 1465 Stock | TWD 14.85 0.10 0.67% |
| Symbol | Wisher |
Wisher Industrial '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 Wisher Industrial'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 Wisher Industrial.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Wisher Industrial on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Wisher Industrial Co or generate 0.0% return on investment in Wisher Industrial over 30 days. Wisher Industrial is related to or competes with Feng Tay, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. Wisher Industrial Co., Ltd. was founded in 1972 and is based in Taipei, Taiwan More
Wisher Industrial 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 Wisher Industrial'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 Wisher Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9915 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.95 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.39 |
Wisher Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wisher Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wisher Industrial's standard deviation. In reality, there are many statistical measures that can use Wisher Industrial historical prices to predict the future Wisher Industrial's volatility.| Risk Adjusted Performance | 0.0052 | |||
| Jensen Alpha | 0.0084 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.0475 |
Wisher Industrial Backtested Returns
At this stage we consider Wisher Stock to be very steady. Wisher Industrial shows Sharpe Ratio of 0.0164, which attests that the company had a 0.0164% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wisher Industrial, which you can use to evaluate the volatility of the company. Please check out Wisher Industrial's Market Risk Adjusted Performance of 0.0575, downside deviation of 0.9915, and Mean Deviation of 0.7283 to validate if the risk estimate we provide is consistent with the expected return of 0.0151%. Wisher Industrial has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wisher Industrial are expected to decrease at a much lower rate. During the bear market, Wisher Industrial is likely to outperform the market. Wisher Industrial right now maintains a risk of 0.92%. Please check out Wisher Industrial coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Wisher Industrial will be following its historical returns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Wisher Industrial Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Wisher Industrial time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Wisher Industrial price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Wisher Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Wisher Industrial lagged returns against current returns
Autocorrelation, which is Wisher Industrial 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 Wisher Industrial's stock expected returns. We can calculate the autocorrelation of Wisher Industrial returns to help us make a trade decision. For example, suppose you find that Wisher Industrial 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 |
Wisher Industrial 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 Wisher Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wisher Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wisher Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Wisher Industrial Lagged Returns
When evaluating Wisher Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wisher Industrial stock have on its future price. Wisher Industrial 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, Wisher Industrial autocorrelation shows the relationship between Wisher Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Wisher Industrial Co.
Regressed Prices |
| Timeline |
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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.Additional Tools for Wisher Stock Analysis
When running Wisher Industrial's price analysis, check to measure Wisher Industrial'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 Wisher Industrial is operating at the current time. Most of Wisher Industrial's value examination focuses on studying past and present price action to predict the probability of Wisher Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wisher Industrial's price. Additionally, you may evaluate how the addition of Wisher Industrial to your portfolios can decrease your overall portfolio volatility.