Wei Chih (Taiwan) Market Value
| 2028 Stock | 22.30 0.15 0.68% |
| Symbol | Wei |
Wei Chih '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 Wei Chih'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 Wei Chih.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Wei Chih on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Wei Chih Steel or generate 0.0% return on investment in Wei Chih over 720 days. Wei Chih is related to or competes with Tainan Spinning, Lealea Enterprise, China Petrochemical, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics. Wei Chih Steel Industrial Co., Ltd. operates in the iron and steel industry in Taiwan. More
Wei Chih 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 Wei Chih'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 Wei Chih Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.88 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.83 |
Wei Chih Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wei Chih's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wei Chih's standard deviation. In reality, there are many statistical measures that can use Wei Chih historical prices to predict the future Wei Chih's volatility.| Risk Adjusted Performance | 0.0164 | |||
| Jensen Alpha | 0.0032 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1434 |
Wei Chih Steel Backtested Returns
At this stage we consider Wei Stock to be very steady. Wei Chih Steel shows Sharpe Ratio of 0.0011, which attests that the company had a 0.0011% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wei Chih Steel, which you can use to evaluate the volatility of the company. Please check out Wei Chih's Mean Deviation of 1.13, downside deviation of 1.51, and Market Risk Adjusted Performance of 0.1534 to validate if the risk estimate we provide is consistent with the expected return of 0.0021%. The firm maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wei Chih's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wei Chih is expected to be smaller as well. Wei Chih Steel right now maintains a risk of 1.86%. Please check out Wei Chih Steel downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Wei Chih Steel will be following its historical returns.
Auto-correlation | 0.15 |
Insignificant predictability
Wei Chih Steel has insignificant predictability. Overlapping area represents the amount of predictability between Wei Chih time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Wei Chih Steel price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Wei Chih price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 2.56 |
Wei Chih Steel lagged returns against current returns
Autocorrelation, which is Wei Chih 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 Wei Chih's stock expected returns. We can calculate the autocorrelation of Wei Chih returns to help us make a trade decision. For example, suppose you find that Wei Chih 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 |
Wei Chih 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 Wei Chih stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wei Chih stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wei Chih stock over time.
Current vs Lagged Prices |
| Timeline |
Wei Chih Lagged Returns
When evaluating Wei Chih's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wei Chih stock have on its future price. Wei Chih 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, Wei Chih autocorrelation shows the relationship between Wei Chih stock current value and its past values and can show if there is a momentum factor associated with investing in Wei Chih Steel.
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.Additional Tools for Wei Stock Analysis
When running Wei Chih's price analysis, check to measure Wei Chih'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 Wei Chih is operating at the current time. Most of Wei Chih's value examination focuses on studying past and present price action to predict the probability of Wei Chih's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wei Chih's price. Additionally, you may evaluate how the addition of Wei Chih to your portfolios can decrease your overall portfolio volatility.