Wha Yu (Taiwan) Market Value
| 3419 Stock | TWD 17.35 0.55 3.07% |
| Symbol | Wha |
Wha Yu '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 Wha Yu'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 Wha Yu.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Wha Yu on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Wha Yu Industrial or generate 0.0% return on investment in Wha Yu over 720 days. Wha Yu is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Wha Yu Industrial Co., Ltd. provides antenna products for wireless transmission industry primarily in Taiwan and Hong Ko... More
Wha Yu 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 Wha Yu'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 Wha Yu Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | 0.0433 | |||
| Maximum Drawdown | 14.76 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 4.23 |
Wha Yu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wha Yu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wha Yu's standard deviation. In reality, there are many statistical measures that can use Wha Yu historical prices to predict the future Wha Yu's volatility.| Risk Adjusted Performance | 0.0689 | |||
| Jensen Alpha | 0.1578 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0533 | |||
| Treynor Ratio | 0.4919 |
Wha Yu Industrial Backtested Returns
At this stage we consider Wha Stock to be not too volatile. Wha Yu Industrial shows Sharpe Ratio of 0.0332, which attests that the company had a 0.0332% return per unit of risk over the last 3 months. We have found thirty technical indicators for Wha Yu Industrial, which you can use to evaluate the volatility of the company. Please check out Wha Yu's Mean Deviation of 1.71, market risk adjusted performance of 0.5019, and Downside Deviation of 1.93 to validate if the risk estimate we provide is consistent with the expected return of 0.0751%. Wha Yu has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wha Yu's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wha Yu is expected to be smaller as well. Wha Yu Industrial right now maintains a risk of 2.26%. Please check out Wha Yu Industrial market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Wha Yu Industrial will be following its historical returns.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Wha Yu Industrial has insignificant reverse predictability. Overlapping area represents the amount of predictability between Wha Yu time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th 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 Wha Yu Industrial price movement. The serial correlation of -0.17 indicates that over 17.0% of current Wha Yu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
Wha Yu Industrial lagged returns against current returns
Autocorrelation, which is Wha Yu 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 Wha Yu's stock expected returns. We can calculate the autocorrelation of Wha Yu returns to help us make a trade decision. For example, suppose you find that Wha Yu 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 |
Wha Yu 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 Wha Yu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wha Yu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wha Yu stock over time.
Current vs Lagged Prices |
| Timeline |
Wha Yu Lagged Returns
When evaluating Wha Yu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wha Yu stock have on its future price. Wha Yu 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, Wha Yu autocorrelation shows the relationship between Wha Yu stock current value and its past values and can show if there is a momentum factor associated with investing in Wha Yu Industrial.
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 Wha Stock Analysis
When running Wha Yu's price analysis, check to measure Wha Yu'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 Wha Yu is operating at the current time. Most of Wha Yu's value examination focuses on studying past and present price action to predict the probability of Wha Yu's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wha Yu's price. Additionally, you may evaluate how the addition of Wha Yu to your portfolios can decrease your overall portfolio volatility.