Wayi International (Taiwan) Market Value
| 3086 Stock | TWD 166.00 4.50 2.64% |
| Symbol | Wayi |
Wayi International '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 Wayi International'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 Wayi International.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Wayi International on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Wayi International Digital or generate 0.0% return on investment in Wayi International over 30 days. Wayi International is related to or competes with Gamania Digital, Softstar Entertainment, X Legend, and . Wayi International Digital Entertainment Co., Ltd., together with its subsidiaries, engages in trading of computer softw... More
Wayi International 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 Wayi International'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 Wayi International Digital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 16.77 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 6.32 |
Wayi International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wayi International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wayi International's standard deviation. In reality, there are many statistical measures that can use Wayi International historical prices to predict the future Wayi International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (1.17) |
Wayi International Backtested Returns
Wayi International shows Sharpe Ratio of -0.18, which attests that the company had a -0.18% return per unit of risk over the last 3 months. Wayi International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wayi International's Standard Deviation of 3.65, mean deviation of 2.74, and Market Risk Adjusted Performance of (1.16) to validate the risk estimate we provide. The firm maintains a market beta of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wayi International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wayi International is expected to be smaller as well. At this point, Wayi International has a negative expected return of -0.62%. Please make sure to check out Wayi International's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Wayi International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Wayi International Digital has very good reverse predictability. Overlapping area represents the amount of predictability between Wayi International time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 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 Wayi International price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Wayi International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 20.33 |
Wayi International lagged returns against current returns
Autocorrelation, which is Wayi International 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 Wayi International's stock expected returns. We can calculate the autocorrelation of Wayi International returns to help us make a trade decision. For example, suppose you find that Wayi International 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 |
Wayi International 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 Wayi International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wayi International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wayi International stock over time.
Current vs Lagged Prices |
| Timeline |
Wayi International Lagged Returns
When evaluating Wayi International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wayi International stock have on its future price. Wayi International 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, Wayi International autocorrelation shows the relationship between Wayi International stock current value and its past values and can show if there is a momentum factor associated with investing in Wayi International Digital.
Regressed Prices |
| Timeline |
Pair Trading with Wayi International
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 Wayi International 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 Wayi International will appreciate offsetting losses from the drop in the long position's value.Moving together with Wayi Stock
Moving against Wayi Stock
| 0.88 | 2324 | Compal Electronics | PairCorr |
| 0.85 | 2882B | Cathay Financial Holding | PairCorr |
| 0.8 | 3231 | Wistron Corp | PairCorr |
| 0.74 | 6180 | Gamania Digital Ente | PairCorr |
| 0.73 | 3702A | WPG Holdings | PairCorr |
The ability to find closely correlated positions to Wayi International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wayi International 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 Wayi International - 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 Wayi International Digital to buy it.
The correlation of Wayi International 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 Wayi International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wayi International 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 Wayi International 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.Additional Tools for Wayi Stock Analysis
When running Wayi International's price analysis, check to measure Wayi International'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 Wayi International is operating at the current time. Most of Wayi International's value examination focuses on studying past and present price action to predict the probability of Wayi International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wayi International's price. Additionally, you may evaluate how the addition of Wayi International to your portfolios can decrease your overall portfolio volatility.