Wintec Co (Korea) Market Value
| 320000 Stock | KRW 2,560 120.00 4.92% |
| Symbol | Wintec |
Wintec Co '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 Wintec Co'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 Wintec Co.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Wintec Co on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Wintec Co or generate 0.0% return on investment in Wintec Co over 30 days. Wintec Co is related to or competes with Busan Industrial, UNISEM, Finebesteel, Shinhan Inverse, Fine Besteel, and Hyundai Heavy. ,Ltd. manufactures display, chips, and film inspection equipment More
Wintec Co 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 Wintec Co'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 Wintec Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 22.41 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 6.43 |
Wintec Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wintec Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wintec Co's standard deviation. In reality, there are many statistical measures that can use Wintec Co historical prices to predict the future Wintec Co's volatility.| Risk Adjusted Performance | 0.0011 | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (0.03) |
Wintec Co Backtested Returns
At this point, Wintec Co is very steady. Wintec Co shows Sharpe Ratio of 0.028, which attests that the company had a 0.028% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Wintec Co, which you can use to evaluate the volatility of the company. Please check out Wintec Co's Market Risk Adjusted Performance of (0.02), mean deviation of 2.72, and Standard Deviation of 3.87 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Wintec Co has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 1.38, 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, Wintec Co will likely underperform. Wintec Co right now maintains a risk of 3.97%. Please check out Wintec Co total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Wintec Co will be following its historical returns.
Auto-correlation | 0.05 |
Virtually no predictability
Wintec Co has virtually no predictability. Overlapping area represents the amount of predictability between Wintec Co 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 Wintec Co price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Wintec Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 14.6 K |
Wintec Co lagged returns against current returns
Autocorrelation, which is Wintec Co 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 Wintec Co's stock expected returns. We can calculate the autocorrelation of Wintec Co returns to help us make a trade decision. For example, suppose you find that Wintec Co 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 |
Wintec Co 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 Wintec Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wintec Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wintec Co stock over time.
Current vs Lagged Prices |
| Timeline |
Wintec Co Lagged Returns
When evaluating Wintec Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wintec Co stock have on its future price. Wintec Co 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, Wintec Co autocorrelation shows the relationship between Wintec Co stock current value and its past values and can show if there is a momentum factor associated with investing in Wintec Co.
Regressed Prices |
| Timeline |
Pair Trading with Wintec Co
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 Wintec Co 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 Wintec Co will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Wintec Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wintec Co 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 Wintec Co - 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 Wintec Co to buy it.
The correlation of Wintec Co 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 Wintec Co moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wintec Co 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 Wintec Co 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.Other Information on Investing in Wintec Stock
Wintec Co financial ratios help investors to determine whether Wintec Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wintec with respect to the benefits of owning Wintec Co security.