Wistron Corp (Taiwan) Market Value
| 3231 Stock | TWD 119.00 2.00 1.71% |
| Symbol | Wistron |
Wistron Corp '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 Wistron Corp'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 Wistron Corp.
| 12/20/2022 |
| 12/09/2024 |
If you would invest 0.00 in Wistron Corp on December 20, 2022 and sell it all today you would earn a total of 0.00 from holding Wistron Corp or generate 0.0% return on investment in Wistron Corp over 720 days. Wistron Corp is related to or competes with Pegatron Corp, Quanta Computer, Compal Electronics, Inventec Corp, and Acer. Wistron Corporation provides design, manufacturing, testing, and after-sales service for information and communication t... More
Wistron Corp 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 Wistron Corp'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 Wistron Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.109 | |||
| Maximum Drawdown | 11.33 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 4.26 |
Wistron Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wistron Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wistron Corp's standard deviation. In reality, there are many statistical measures that can use Wistron Corp historical prices to predict the future Wistron Corp's volatility.| Risk Adjusted Performance | 0.1345 | |||
| Jensen Alpha | 0.362 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.091 | |||
| Treynor Ratio | 4.83 |
Wistron Corp Backtested Returns
Wistron Corp appears to be very steady, given 3 months investment horizon. Wistron Corp 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. We have found twenty-nine technical indicators for Wistron Corp, which you can use to evaluate the volatility of the company. Please utilize Wistron Corp's Downside Deviation of 2.65, market risk adjusted performance of 4.84, and Mean Deviation of 1.61 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wistron Corp holds a performance score of 14. The firm maintains a market beta of 0.077, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wistron Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wistron Corp is expected to be smaller as well. Please check Wistron Corp's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Wistron Corp's historical returns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Wistron Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Wistron Corp time series from 20th of December 2022 to 15th of December 2023 and 15th of December 2023 to 9th 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 Wistron Corp price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Wistron Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 84.52 |
Wistron Corp lagged returns against current returns
Autocorrelation, which is Wistron Corp 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 Wistron Corp's stock expected returns. We can calculate the autocorrelation of Wistron Corp returns to help us make a trade decision. For example, suppose you find that Wistron Corp 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 |
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Wistron Corp 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 Wistron Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wistron Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wistron Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Wistron Corp Lagged Returns
When evaluating Wistron Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wistron Corp stock have on its future price. Wistron Corp 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, Wistron Corp autocorrelation shows the relationship between Wistron Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Wistron 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 Wistron Stock Analysis
When running Wistron Corp's price analysis, check to measure Wistron Corp'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 Wistron Corp is operating at the current time. Most of Wistron Corp's value examination focuses on studying past and present price action to predict the probability of Wistron Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wistron Corp's price. Additionally, you may evaluate how the addition of Wistron Corp to your portfolios can decrease your overall portfolio volatility.