Walsin Technology (Taiwan) Market Value
| 2492 Stock | TWD 93.00 2.00 2.11% |
| Symbol | Walsin |
Walsin 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 Walsin 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 Walsin Technology.
| 12/27/2022 |
| 12/16/2024 |
If you would invest 0.00 in Walsin Technology on December 27, 2022 and sell it all today you would earn a total of 0.00 from holding Walsin Technology Corp or generate 0.0% return on investment in Walsin Technology over 720 days. Walsin Technology is related to or competes with Yageo Corp, Nanya Technology, Holy Stone, Novatek Microelectronics, and Winbond Electronics. Walsin Technology Corporation manufactures and sells passive components worldwide More
Walsin 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 Walsin 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 Walsin Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.09 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 2.51 |
Walsin Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Walsin Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Walsin Technology's standard deviation. In reality, there are many statistical measures that can use Walsin Technology historical prices to predict the future Walsin Technology's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.13) |
Walsin Technology Corp Backtested Returns
Walsin Technology Corp shows Sharpe Ratio of -0.0727, which attests that the company had a -0.0727% return per unit of risk over the last 3 months. Walsin Technology Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Walsin Technology's Market Risk Adjusted Performance of (0.12), standard deviation of 1.64, and Mean Deviation of 1.32 to validate the risk estimate we provide. The firm maintains a market beta of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Walsin Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Walsin Technology is expected to be smaller as well. At this point, Walsin Technology Corp has a negative expected return of -0.12%. Please make sure to check out Walsin Technology's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Walsin Technology Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Walsin Technology Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Walsin Technology time series from 27th of December 2022 to 22nd of December 2023 and 22nd of December 2023 to 16th 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 Walsin Technology Corp price movement. The serial correlation of -0.71 indicates that around 71.0% of current Walsin Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 51.29 |
Walsin Technology Corp lagged returns against current returns
Autocorrelation, which is Walsin 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 Walsin Technology's stock expected returns. We can calculate the autocorrelation of Walsin Technology returns to help us make a trade decision. For example, suppose you find that Walsin 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 |
Walsin 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 Walsin Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Walsin Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Walsin Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Walsin Technology Lagged Returns
When evaluating Walsin Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Walsin Technology stock have on its future price. Walsin 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, Walsin Technology autocorrelation shows the relationship between Walsin Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Walsin Technology Corp.
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 Walsin Stock Analysis
When running Walsin Technology's price analysis, check to measure Walsin 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 Walsin Technology is operating at the current time. Most of Walsin Technology's value examination focuses on studying past and present price action to predict the probability of Walsin 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 Walsin Technology's price. Additionally, you may evaluate how the addition of Walsin Technology to your portfolios can decrease your overall portfolio volatility.